About This Home

This 0-bedroom, 0-bathroom commercial at 631 Sherman Drive in Ridgway, CO is listed for $1,425,000. on a N/A lot.

Listing Description

Exceptional Commercial Investment & Development Opportunity in Downtown Ridgway, Colorado! Discover the remarkable flexibility of Ridgway's Historic Business Zone, offering some of the most desirable mixed-use development opportunities in Southwest Colorado.

Located in the heart of Ridgway's thriving Town Core, this 2,315-square-foot, single-level commercial building offers outstanding visibility, pedestrian traffic, convenient parking, and exceptional potential for retail, restaurants, professional offices, galleries, residential conversion, or mixed-use redevelopment.

Constructed in 1993, the building has a successful history of retail use, including an antique store, upscale furniture showroom, specialty shops, and offices. Currently configured into three distinct commercial spaces, it accommodates a popular T-shirt and souvenir shop, a fine fabric arts gallery and workshop, and an office supply business.

Continue its established commercial uses or reimagine the property to suit your investment or business vision. Ridgway's flexible Historic Business zoning offers exciting possibilities for commercial, residential, and multifamily uses, with a maximum building height of 35 feet and minimal side setbacks.

Consider expanding the existing structure, adding upper-level residential or commercial space, or pursuing an entirely new development concept, subject to Town approval. Covered porches provide beautiful mountain scenery, while potential upper levels could capture spectacular San Juan Mountain views.

An additional separate building lot to the west is included, creating opportunities for further development, expanded parking, or potential resale. With its strategic downtown location, versatile zoning, and proximity to Ouray, Telluride, and Montrose, this property presents an exceptional opportunity for entrepreneurs, investors, developers, and businesses serving Southwest Colorado. Own a prime piece of downtown Ridgway commercial real estate and bring your vision to life!

Monthly Cost Estimate

$7,621/mo

20% down · 6.5% · 30 years

Principal$1,031
Interest$6,175
Insurance$416

Estimates only. Actual payments may vary.

Location

631 Sherman Drive

Ridgway, CO 81432

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 631 Sherman Drive is listed at $1,425,000. The estimated monthly payment is $7,622 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Todd Schroedel.

TS

Todd Schroedel

Agent at UNITED COUNTRY SNEFFELS REALTY

Listed by UNITED COUNTRY SNEFFELS REALTY · Broker phone: 970-626-3555

MLS# 20251004· Source: Grand Junction Area Association of Realtors· 15 days on PropertySimple

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.

631 Sherman Drive, Ridgway, CO 81432

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