New Listing
Price Reduced Listing
$500,000
 $2,684 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 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 inone of Southwest Colorado's most desirable mountain communities. Rich with history and character, this rare structure is one of only a handfulof original brick buildings still standing in Ridgway and combines historic charm, commercial flexibility, and future development potential in a trulyunique 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 estateoffice, 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 lotsare increasingly scarce, this flexibility creates outstanding long-term opportunity. Sherman Street provides excellent visibility, easy access, andstrong 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 #20265231
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1909
Days On Site1
Listing Provided ByUNITED COUNTRY SNEFFELS REALTY | TODD SCHROEDEL

Features

Bed(s)2
Bath(s)2
SQ Feet949
BasementY
Story(s)1
ZoningDowntown Service Corridor
Acreage0.24

Exterior

Lot FeaturesCorner Lot, None

Parking

Garage Yes / NoNo

Area Information

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$500,000
low | high
Med:
$1,295,000
100% of Average
sqft:
949
low | high
Med:
2,172
78.872497365648% of Average
$ / sqft:
$527
low | high
Med:
$596
36.836556169429% of Average
On site:
1
low | high
Med:
23
4.347826086957% 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
Listing VS Median (in 81432)
Price:
$500,000
low | high
Med:
$1,295,000
100% of Average
sqft:
949
low | high
Med:
2,172
78.872497365648% of Average
$ / sqft:
$527
low | high
Med:
$596
36.836556169429% of Average
On site:
1
low | high
Med:
23
4.347826086957% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $375K - $625K
sqft: 712 - 1,000
Nearby Listings Property ImageNearby Listings Details
116 S Mary Street Property Photo 1
$500,000
116 S Mary Street
Ridgway, CO 81432
Listing Updated: October 23, 2026 at 5:31:28 AM PDT
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