Two-Space Mixed-Use
New
For Sale
$1,425,000
631 Sherman Drive, Ridgway, CO 81432
CommercialSale, Ridgway, CO
Property Size2,315 SF
Price / SF$615.55
Days on Market2
Property Features for 631 Sherman Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot
Directions
Located at the corner of Sherman Street and Cora--right across from Taco Del Gnar-and on the east side of the White Church.
Subdivision
Ridgway
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
8511
Listing Agency:
UNITED COUNTRY SNEFFELS REALTY
(970) 626-3555
Listed By:
Todd Schroedel · License #ER40026092
(970) 318-2160
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 8:06PM
MLS# 20251004
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2,315-square-foot, single-level building was constructed in 1993 and is divided into two commercial spaces. A fabric arts gallery and workshop occupy the west side, while an office supply store is on the east side. Parking is situated along the north side of the lot.
The property is in Ridgway’s Historic Business Zone. The source describes potential uses including residential and multifamily housing, retail, restaurants, professional offices, art studios, and galleries. The stated maximum building height is 35 feet, and the zone is described as having minimal setbacks.
The property is in Ridgway’s Historic Business Zone. The source describes potential uses including residential and multifamily housing, retail, restaurants, professional offices, art studios, and galleries. The stated maximum building height is 35 feet, and the zone is described as having minimal setbacks.
Key Highlights
- 2,315‑square‑foot, single‑level building
- Two spaces: a fabric arts gallery and workshop on the west side, and an office supply store on the east
- Historic Business Zone; stated uses include residential, multifamily, retail, restaurant, office, studio, and gallery
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Home Improvements & Furnishings 10%
Shell
Shops & Services
7,177 visits/mo
0.5 miles
Conoco
Shops & Services
6,523 visits/mo
0.5 miles
Ridgway Hardware
Home Improvements & Furnishings
1,456 visits/mo
0.2 miles
Demographics for 81432, CO
3,061
Population
2,058
Households
1.5
Avg Household Size
54
Median Age
56%
College-Educated
99%
High-School Grad
300.4 sq mi
ZIP Area
10
Density / Sq Mi
$87,547
Median Household Income
$46,643
Median Earnings
$1,469
Median Rent
$771,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic Business Zone classification supports a mix of commercial and residential uses.
Where is this mixed-use property located?
The property is located at 631 Sherman Drive Ridgway, CO.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 2,315‑square‑foot, single‑level building; Two spaces: a fabric arts gallery and workshop on the west side, and an office supply store on the east; Historic Business Zone; stated uses include residential, multifamily, retail, restaurant, office, studio, and gallery
