$575,000
 $3,087 est/mo Sourced by Back At You

116 S Mary Street,Ridgway, CO 81432

Ridgway, CO 81432

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Description

Located along Ridgway’s highly visible Sherman Street Corridorthe main route connecting Ridgway to Telluridethis historic 1909 brick property offers an exceptional opportunity for homeowners, investors, entrepreneurs, and professionals seeking a flexible live/work property in one of Southwest Colorado’s most desirable mountain communities. Rich with history and character, this rare structure is one of only a handful of original brick buildings still standing in Ridgway and combines historic charm, commercial flexibility, and future development potential in a truly unique setting. Located within Ridgway’s Business Service Corridor zoning district, the property is ideal for a variety of residential, professional, or soft commercial uses including a single-family residence, attorney’s office, medical or wellness practice, psychologist’s office, real estate office, art gallery, design studio, counseling center, or other professional workspace. Inside, you’ll find original fir and oak hardwood flooring, exposed interior brick accents, abundant natural light, and inviting spaces full of warmth and authenticity. The main level includes a spacious living area, kitchen, bedroom, and two bathrooms, while the enclosed rear sunroom-style space is surrounded by windows and creates a bright, inspiring environment for living, working, or meeting with clients. The basement provides valuable storage and convenient utility access. The investment potential is especially attractive. The parcel includes three full Town lots plus a portion of the Sherman Street lot, totaling approximately 10,650 square feet and potentially allowing a split into two separate building sites. Retain and renovate the historic structure while building on the second lot, or potentially sell the additional parcel separately for added value. In a market where buildable in-town Ridgway lots are increasingly scarce, this flexibility creates outstanding long-term opportunity. Sherman Street provides excellent visibility, easy access, and strong exposure along Ridgway’s primary corridor toward Telluride. Whether you’re seeking a historic Ridgway home, Telluride corridor investment property, professional office, redevelopment project, or live/work opportunity, this remarkable property delivers location, versatility, and character rarely found in today’s market. Historic, spirit-filled, commercially flexible, and priced to sell, this is one of Ridgway’s standout opportunities.

Details

MLS #835006
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1909
Days On Site103
Listing Provided ByUnited Country Sneffels Realty | Todd Schroedel

Features

Bed(s)1
Bath(s) 2 Total
SQ Feet949
BasementY
Story(s)1
ZoningCommercial,Live/Work,Mixed-Use,O
Acreage0.24
Golf CourseYes
Property ViewYes

Interior

Heating Yes / NoYes
HeatingPropane, Space Heater
Interior FeaturesLiving Dining Room, Main Level Primary
Window FeaturesDouble Pane Windows, Skylights, Single Pane
FurnishedUnfurnished
AppliancesDishwasher, Disposal, Microwave, Oven, Range, Refrigerator

Exterior

Exterior FeaturesPropane Tank Leased
RoofComposition
Construction MaterialsBrick, Wood Frame, Stick Built
Lot FeaturesCorner Lot, Foothills, Near Golf Course, Ski In Ski Out

Parking

Garage Yes / NoNo

Utilities

UtilitiesCellular Phone Reception, Electricity Available, Propane, Phone Available

Other

List AorMontrose Association Of Realtors

Area Information

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Community NameTown of Ridgway
School DistrictRidgway 9-12
Elementary SchoolRidgway K-5
High SchoolRidgway 9-12
Listing VS Median (in Town of Ridgway)
Price:
$575,000
low | high
Med:
$575,000
50% of Average
sqft:
949
low | high
Med:
949
50% of Average
$ / sqft:
$606
low | high
Med:
$606
50% of Average
On site:
103
low | high
Med:
103
100% of Average
Sourced by Back At You

Market Activity 81432

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Learn More About This Property

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Community NameTown of Ridgway
School DistrictRidgway 9-12
Elementary SchoolRidgway K-5
High SchoolRidgway 9-12
Listing VS Median (in Town of Ridgway)
Price:
$575,000
low | high
Med:
$575,000
50% of Average
sqft:
949
low | high
Med:
949
50% of Average
$ / sqft:
$606
low | high
Med:
$606
50% of Average
On site:
103
low | high
Med:
103
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $431K - $718K
sqft: 712 - 1,000
Nearby Listings Property ImageNearby Listings Details
199 Riverfront Lane Property Photo 1
$565,000
199 Riverfront Lane
Ridgway, CO 81432
Listing Updated: July 9, 2026 at 2:59:36 PM PDT
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