631 Sherman St

Ridgway, CO 81432

$949,000
Price
—
Beds
2,315 Sq. Ft.
$410 / Sq. Ft.
2,315
Sq. Ft.
$410
per Sq. Ft.
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Description

Investors, multi-family developers, and artists—this is your chance to own a versatile property in the heart of Ridgway, Colorado! Located in the Historic Business Zone, this property offers some of the most flexible zoning regulations in Western Colorado. Don't be misled by the term "Historic"—there are no architectural restrictions or requirements to preserve old structures. Instead, this zone provides expansive opportunities for mixed-use development, including commercial, residential, multi-family...Investors, multi-family developers, and artists—this is your chance to own a versatile property in the heart of Ridgway, Colorado! Located in the Historic Business Zone, this property offers some of the most flexible zoning regulations in Western Colorado. Don't be misled by the term "Historic"—there are no architectural restrictions or requirements to preserve old structures. Instead, this zone provides expansive opportunities for mixed-use development, including commercial, residential, multi-family housing, retail, restaurants, and more. Key Features: Mixed-use zoning: Build residential units, art studios, galleries, restaurants, retail spaces, or professional offices all under one roof. 2315 sq. ft. single-level building: Currently divided into two separate spaces—a fabric arts gallery and workshop on the west end and an office supply store on the east end. 35-foot maximum building height: Ideal for expanding upward—imagine adding additional floors for stunning mountain views and increased revenue potential. Minimal setbacks: Take full advantage of the lot’s footprint to maximize building space. Ample parking: Located on the north side of the lot, providing convenience for tenants, customers, or gallery visitors. This property, built in 1993, offers the chance to completely reimagine the space. Whether you’re looking to create multi-family units, a thriving art gallery, or a combination of residential and commercial spaces, this property is ready for your vision. With high visibility and foot traffic in Ridgway's core, it's perfect for retail or dining establishments that cater to locals and tourists alike. For investors, the opportunity to expand is significant—an additional building lot on the west side (available separately) provides the possibility for more structures and parking, allowing you to scale your investment. The creative potential for this property is limitless, from artisan studios to boutique hotels, or a mix of residential lofts and commercial spaces. Unlock the potential of Ridgway’s most desirable location. This Ouray County gem is a blank canvas for your next profitable venture. Don’t miss out on this unique opportunity in this fast-growing Colorado mountain town.
  1. Listed by Todd Schroedel • United Country Sneffels Realty

Property Details for 631 Sherman Street

Water Front
No
Zoning
Mixed Use
LISTING UPDATED: 02/24/2026 12:38 AM

Property Details for 631 Sherman Street

StatusActive
MLS #831831
Days on Market31
Taxes$3,495 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use
Year Built1993
Lot Size0.16 AC / 6,969 SF
CountyOuray County
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Location

Listing Courtesy of United Country Sneffels Realty, Todd Schroedel
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Building Information for 631 Sherman Street

Stories-Residences3Year Built1993Lot Size0.16 AC / 6,969 SF

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$4,897 per month

30 year fixed, 6.11% Interest

Principal and Interest

$4,606

Property Taxes

$291

HOA Dues

$0

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Property Information for 631 Sherman Street

Summary
Location and General Information
  • 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.
  • Property Known As: Southwest Spirit Building
Parking
  • Carport Y/N: No
  • Parking Spaces: 15
  • PARKING: Off Street, 10-20 Total Spaces, In Rear of Building
Taxes and HOA Information
  • Tax Year: 2025
  • Total Taxes $: 3495.18
Property
Property and Assessments
  • FIPS Code: 08091
  • Legal/Lot Block: Subd: TOWN OF RIDGWAY Lot: 1 Block: 27 Subd: TOWN OF RIDGWAY Lot: 2 Block: 27 Subd: TOWN OF RIDGWAY Lot: 3 Block: 27 S: 16 T: 45 R: 8 SOUTH 95 FEET OF LOTS 1-3
  • Photo Count: 12
  • New Construction Y/N: No
  • Disclosures: Plat Available
  • Covenants Y/N: NO
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: General Office, Retail Storefront, Mixed Use, Service
  • Possible Property Use: Bar/Lounge, Convenience Store, General Office, Lodging, Manufacturing, Mixed-Use, Multi-Flex/R & D, Office Warehouse, Other, Professional/Medical, Restaurant, Retail Storefront, Retail Warehouse, Showroom, Special Use, Warehouse
  • Lot Dimension: 83.5x95
  • Parcel ID #: 4.30516302001E11
  • SqFt Source: Assessor
  • Property Description: Foothills, Golf Course Near, Landscaped, Boundaries Surveyed
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Other
  • DOMESTIC WATER: Tap Installed Paid, Public
  • Total # Water Meters: 1
  • Total # Gas Meters: 1
  • Total # Electric Meters: 1
  • Existing Utilities: Sanitary Sewer, Water, Natural Gas, Electric, Phone, Internet
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 3
Interior and Exterior Features
Room Information
  • 1/2 Baths: 2
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 2.00
Interior Features
  • Furnished: Unfurnished
  • Main SF: 2315
  • Foundation: Crawl Space, Concrete, Stemwall
Exterior Features
  • Roof: Metal
Rental
Rental Information
  • CAM Y/N: No

Property History for 631 Sherman Street

DateEvent & SourcePriceAppreciation
Feb 20, 2026

Listed (Active)

CRENMLS #831835

$1,595,000—
Feb 20, 2026

Listed (Active)

CRENMLS #831831

$949,000—
Nov 20, 2025

Expired

CRENMLS #824331

—
May 19, 2025

Listed (Active)

CRENMLS #824331

$998,500—
Apr 16, 2025

Expired

CRENMLS #818966

—
Oct 22, 2024

Listed (Active)

CRENMLS #818966

$1,025,000—
DateEvent & SourcePrice
02/20/2026

Listed (Active)

CRENMLS #831835

$1,595,000
02/20/2026

Listed (Active)

CRENMLS #831831

$949,000
11/20/2025

Expired

CRENMLS #824331

—
05/19/2025

Listed (Active)

CRENMLS #824331

$998,500
04/16/2025

Expired

CRENMLS #818966

—
10/22/2024

Listed (Active)

CRENMLS #818966

$1,025,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 631 Sherman Street

Taxable ValueLand$34,960Additions-Total$34,960
Tax Record2024$2,228 ($186 / month)
Home Facts
Lot Size4,750 SqFtStyleCommercialCountyOURAYAPN430516202004

Schools near 631 Sherman Street

This home is within Ridgway R-2 School District.
Rating
School
Type
Grades
Distance
Ridgway Elementary School
Public - PK to 5
Ridgway Middle School
Public - 6 to 8
Ridgway High School
Public - 9 to 12
Rating
School
Distance
Ridgway Elementary School
PublicPK to 5

Ridgway Middle School
Public6 to 8

Ridgway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 631 Sherman Street, Ridgway, CO 81432

631 Sherman Street is a mixed use property for sale in Ridgway, CO 81432. This property was listed for sale on February 21, 2026 by United Country Sneffels Realty, it's currently listed at $949,000. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 631 Sherman Street is a 0-bed, 2-bath, 2,315 sqft mixed use property built in 1993.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Country Sneffels Realty, Todd Schroedel

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.