Restaurants

Lake City, CO Restaurants for Sale

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Silverton, CO Ouray, CO Powderhorn, CO Cimarron, CO Ridgway, CO Gunnison, CO Twin Lakes, CO Creede, CO
Restaurant with Owner’s Residence
Updated: Oct 28, 2025
Restaurant with Owner’s Residence

205 N Gunnison Avenue, Lake City, CO 81235

$595,000
1,139 sqft
Indoor seating for 22, front deck seating for 50, and rear patio capacity for up to 150
10' x 18' lighted music stage with pergola and detached covered bar
Commercial kitchen with Type 2 Vent‑A‑Hood and extensive refrigeration and cooking equipment
Upstairs efficiency apartment with 1 bedroom, 3/4 bath, and open kitchen/living area
Central Business District zoning with direct access via State Highway 149
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, CO, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant with Live-Work Suite
Restaurant with Live-Work Suite

807 Main Street, Ouray, CO 81427

$895,000
1,304 sqft

Flexible downtown property with a commercial kitchen, residential suite, and sidewalk and patio areas.

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Restaurant with Live-Work Suite
Restaurant with Live-Work Suite

807 Main Street, Ouray, CO 81427

$895,000
1,901 sqft

Features an equipped commercial kitchen, private residential suite, and two outdoor areas.

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Historic Restaurant and Event Venue
Historic Restaurant and Event Venue

185 N Lena Street, Ridgway, CO 81432

$6,350,000

Historic brick construction pairs with a commercial kitchen, bar, event AV, and indoor-outdoor seating.

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Rio Grande Building Investment Opportunity
Rio Grande Building Investment Opportunity

257 Sherman Street, Ridgway, CO 81432

Contact for pricing
9,095 sqft

Investment property with positive cash flow in Ridgway, Colorado.

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Lake City, CO Restaurants Market Trends and Statistics

Explore 1 restaurants for sale in Lake City, CO on our real estate platform. These investment opportunities span a total of 1,139 square feet of properties for sale, with an estimated market value of $595,000.

Sale prices for restaurant properties in Lake City, CO average $595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Breakfast & diners 1
Commercial kitchens 1
Conventional restaurants 1

Demographics Overview

Population 845
Population Growth (5Y) +6.0%
Median Household Income $67,750
College Educated 65.2%

High-Yield Neighborhoods for Investment

Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
81235 $595K

Taxes & Financing

Average Loan-to-Value 65.0%

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