257 Sherman Street, Ridgway, CO 81432 (MLS# 42354)


$2,400,000
257 Sherman Street
Ridgway, CO 81432
MLS# 42354



257 Sherman St_031124_078
  1 / 28  
257 Sherman St_031124_078 257 Sherman St_030924_030 257 Sherman Street 257 Sherman St_030924_054 257 Sherman St_030924_056 257 Sherman St_031124_073 257 Sherman St_030924_005 257 Sherman St_030924_007 Elevator 257 Sherman St_030924_011 257 Sherman St_030924_014 257 Sherman St_030924_004 257 Sherman St_030924_009 257 Sherman St_030924_019 257 Sherman St_030924_020 257 Sherman St_030924_023 257 Sherman St_030924_024 257 Sherman St_030924_025 Screenshot 2024-03-09 at 10.52.00AM Screenshot 2024-03-08 at 12.20.16PM Screenshot 2024-03-09 at 10.53.41AM Screenshot 2024-03-09 at 10.54.08AM Screenshot 2024-03-08 at 12.20.49PM Screenshot 2024-03-08 at 12.21.00PM Screenshot 2024-03-08 at 12.21.11PM Screenshot 2024-03-09 at 10.52.43AM Screenshot 2024-03-09 at 10.52.55AM 257 Sherman St_030924_046

Property Description
Prime Commercial Building. Seize this exceptional investment opportunity. Currently leased to four thriving businesses, this investment opportunity presents an attractive option for investors seeking the potential for significant long-term capital gains while benefiting from a small positive cash flow. Surrounded by breathtaking 14,000-foot peaks, the distinguished Rio Grande Building is strategically located in Ridgway's thriving commercial heart at the intersection of CO 550 and CO 62, midway between Montrose and Telluride, CO. On the river, the property has superior construction and features 28+ parking spaces and provides flexibility for future growth and expansion. It is zoned for diverse commercial uses—including office, retail, and dining. 50% ownership is also available. MLS#43076

Details
Listing & Location Info
Major Area: 70
Complex: Ridgway Village West
Lot #: 2S
Keywords Info
# Of Tenants: 4
Half Baths: 5
General Info
Nbr of Acres: 0.51
Total # of Units: 5
Zoning: Commercial
Legal: COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
Est Finished SqFt: 9995
Source SqFt: Developer
Est Unfinished SqFt: 900
Directions: At the convergence of CO HWY 550 and CO HWY 62, turn west on Sherman Street / CO HWY 62. Travel .2 miles. The Rio Grand Building is on the left.
Subdivision: None
Year Built: 2006
Financing Info
Taxes: 41562.24
Tax Year: 2024
HOA Mangment Company/Info: NA
HOA Dues: 0
RETT: None
Assessor's Acct #: R005184
Utility Info
Phone Lines: Regular Phone
Primary Heat: Gas Base
Disclosures
None: 1
Construction
Frame: 1
Substructure
Unfinished: 1
Exterior Finish
Log: 1
Stone: 1
Wood (Natural): 1
Water
City: 1
Roof
Asphalt Shingles: 1
Special Location
Borders River: 1
Main Street: 1
Gas
Natural: 1
Electric
Power Company: 1
Tenant Chg Incl
Electric: 1
Gas: 1
Listing Location Info
Current Price: $2,400,000
Sub-Type: Mixed Use
Area: Ridgway - 71 (Major Area 70)
Asking Price: 2400000
Street #: 257
Street Name: Sherman
Street Suffix: Street
City/Town: Ridgway
County: Ouray County
State/Province: CO
Postal Code: 81432
Status Change Info
Status: Active
Property Features
Disclosures: None
Construction: Frame
Substructure: Unfinished
Exterior Finish: Log; Stone; Wood (Natural)
Roof: Asphalt Shingles
Gas: Natural
Electric: Power Company
Tenant Chg Incl: Electric; Gas
Special Location: Borders River; Main Street
Supplements
Crafted with superior construction and premium materials such as copper gutters and windows, the architecture pays homage to Ridgway's rich history of mining, ranching and railroad heritage. Ridgway, CO, is nestled amidst some of the world's most iconic mountain peaks, including several 14'ers.

IDX
Listing Office: Coldwell Banker Distinctive Properties-Telluride
Listing Agent: Karen McCarthy

Last Updated: April - 21 - 2025

The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing.