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Historic Ridgway Live Work Property with Lot Split Potential

116 S Mary St, Ridgway, Colorado, 81432-5041

Photos

* FOR SALE

$575,000

MLS: 05056-835006

949. SqFt

1 beds

2.0 baths

What You Should Know

  • Historic 1909 brick charm

  • Flexible live/work zoning

  • Prime Sherman St. location

  • Main gateway to Telluride

  • Original fir & oak floors

  • Three full town lots

  • Future development potential

  • Highly visible corridor

Why You'll Love It

Positioned along Ridgway’s highly visible Sherman Street Corridor -  the main gateway connecting Ridgway to the world-famous mountain destination of Telluride—this historic 1909 brick property presents a rare opportunity for homeowners, investors, entrepreneurs, and professionals seeking a truly flexible live/work property in the heart of Southwest Colorado. Rich with character, history, and possibility, this iconic structure is one of only a handful of original brick buildings remaining in Ridgway and offers a unique blend of historic charm, commercial flexibility, and future development potential that is increasingly difficult to find in today’s market.

For nearly 30 years, the property has served as the beloved home of the Ridgway Church of Christ, creating a warm and welcoming atmosphere that is immediately felt upon entry. Located within Ridgway’s desirable Business Service Corridor zoning district, the property is ideally suited for a wide range of residential, professional, and soft commercial uses. Whether you envision a charming single-family residence, attorney’s office, medical or wellness practice, psychologist’s office, real estate office, design studio, boutique art gallery, creative workspace, counseling center, or live/work business headquarters, this property offers exceptional flexibility in one of the region’s most strategic locations.

Located along Ridgway’s highly visible Sherman Street Corridor—the main route connecting Ridgway to Telluride—this 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.

For nearly 30 years, the property has served as the home of the Ridgway Church of Christ. 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.

Where You'll Find It

  • Street Address: 116 S Mary St
  • City: Ridgway
  • State: Colorado
  • County: Ouray

Video Tour

Todd Schroedel

Owner/Broker
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