# 631 Sherman Drive, Ridgway, CO 81432 > **TL;DR:** commercial, $1,425,000. Est. $7,622/mo. Listed 17 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,425,000 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 17 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,206 | | Estimated Insurance | $416 | | **Total** | **$7,622** | ## Description ### Agent 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! ## Location - **Address:** 631 Sherman Drive, Ridgway, CO 81432 - **County:** Ouray - **Coordinates:** 38.151588, -107.757883 - **Google Maps:** https://www.google.com/maps?q=38.151588,-107.757883 ## Virtual Tour & Media - **Video Tour:** https://id.land/ranching/maps/1c6f2f9bbf8699c61147c0f7e9030ef2/share/unbranded ## Listing Agent - **Name:** Todd Schroedel - **Brokerage:** UNITED COUNTRY SNEFFELS REALTY - **Broker Phone:** 970-626-3555 ## Photos ![631 Sherman Drive - Photo 1](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2602152021r.jpg) ![631 Sherman Drive - Photo 2](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f3797931349r.jpg) ![631 Sherman Drive - Photo 3](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f270111447r.jpg) ![631 Sherman Drive - Photo 4](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f375286465r.jpg) ![631 Sherman Drive - Photo 5](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1672505322r.jpg) ![631 Sherman Drive - Photo 6](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2561184167r.jpg) ![631 Sherman Drive - Photo 7](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f694230593r.jpg) ![631 Sherman Drive - Photo 8](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f3992712627r.jpg) ![631 Sherman Drive - Photo 9](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f68231855r.jpg) ![631 Sherman Drive - Photo 10](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2119905634r.jpg) ![631 Sherman Drive - Photo 11](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f3190980253r.jpg) ![631 Sherman Drive - Photo 12](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1568274252r.jpg) ![631 Sherman Drive - Photo 13](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1802326120r.jpg) ![631 Sherman Drive - Photo 14](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1052233600r.jpg) ![631 Sherman Drive - Photo 15](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1253415262r.jpg) ![631 Sherman Drive - Photo 16](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2650885020r.jpg) ![631 Sherman Drive - Photo 17](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f1484902872r.jpg) ![631 Sherman Drive - Photo 18](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f65722923r.jpg) ![631 Sherman Drive - Photo 19](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f3668572472r.jpg) ![631 Sherman Drive - Photo 20](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2430290432r.jpg) ![631 Sherman Drive - Photo 21](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f2222311726r.jpg) ![631 Sherman Drive - Photo 22](http://lh.rdcpix.com/6d0e403442ddc841adc27b5c03632460l-f3481195375r.jpg) --- **MLS#:** 20251004 | **Updated:** 2026-10-31 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/631-sherman-drive-ridgway-co-81432-c216dc03d6504d02a395429ead9d9950) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/631-sherman-drive-ridgway-co-81432-c216dc03d6504d02a395429ead9d9950#listing", "url": "https://staging.propertysimple.ai/listing/631-sherman-drive-ridgway-co-81432-c216dc03d6504d02a395429ead9d9950", "name": "631 Sherman Drive, Ridgway, CO 81432", "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. 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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. 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