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173 S Gunnison Avenue

Lake City, CO 81235
  • $875,000
  • STATUS: Active
  • ON SITE: 440 Days
  • MLS #: 821651
UPDATED: 21 min ago
$875,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 1
    BATHS
  • 3
    1/2 BATHS
  • 3,018
    SQFT
  • $290
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1959
County:
Area:

School Ratings & Info

Listing courtesy of Murphy Real Estate: 970-944-5050.


Description

Nestled in the breathtaking San Juan Mountains, this well-established, multi-use property offers a rare opportunity to own a thriving business with deep community roots. Situated on 0.95 acres just minutes from historic downtown Lake City and the scenic Lake Fork of the Gunnison River, this unique property blends lifestyle and income potential in one exceptional package. At its core is a popular restaurant known for its mouthwatering BBQ and classic hamburgers. Featuring an upgraded commercial kitchen and a warm, inviting atmosphere, it consistently attracts both loyal locals and visiting tourists. The restaurant is connected to a fully operational convenience store and gas station that provides travelers and residents with fuel, snacks, and everyday essentials, including lottery ticket sales, making it a reliable, year-round stop. The property also includes comfortable on-site living quarters: a renovated, fully furnished one-bedroom apartment located above the garage. Currently operating as a short-term rental, it offers immediate income potential or a convenient residence for owners or staff. A standout feature is the backyard amphitheater—an incredible space designed for hosting weddings, live music, family reunions, and community events. Complete with a stage, pavilion, and ample open space, it offers significant opportunities to expand into the events market. Beloved by the community and ideally positioned to capture steady tourist traffic, this property offers both a successful, established operation and room for future growth. Whether you're looking to expand the events side, enhance food and retail offerings, or simply embrace a lifestyle in one of Colorado’s most picturesque mountain settings, this is a truly one-of-a-kind opportunity.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2026-05-18T23:56:30.047.
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173 S Gunnison Avenue Lake City, CO 81235

  • Price: $875,000
  • Status: Active
  • On Site: 440 Days
  • Updated: 21 min ago
  • MLS #: 821651
0
Beds
1
Baths
3
½ Baths
0.95
Acres
3,018
SQFT
$290
$/SQFT
1959
Built
Neighborhood:
Lake City
County:
Hinsdale
Area:
Lake City
Property Description
Nestled in the breathtaking San Juan Mountains, this well-established, multi-use property offers a rare opportunity to own a thriving business with deep community roots. Situated on 0.95 acres just minutes from historic downtown Lake City and the scenic Lake Fork of the Gunnison River, this unique property blends lifestyle and income potential in one exceptional package. At its core is a popular restaurant known for its mouthwatering BBQ and classic hamburgers. Featuring an upgraded commercial kitchen and a warm, inviting atmosphere, it consistently attracts both loyal locals and visiting tourists. The restaurant is connected to a fully operational convenience store and gas station that provides travelers and residents with fuel, snacks, and everyday essentials, including lottery ticket sales, making it a reliable, year-round stop. The property also includes comfortable on-site living quarters: a renovated, fully furnished one-bedroom apartment located above the garage. Currently operating as a short-term rental, it offers immediate income potential or a convenient residence for owners or staff. A standout feature is the backyard amphitheater—an incredible space designed for hosting weddings, live music, family reunions, and community events. Complete with a stage, pavilion, and ample open space, it offers significant opportunities to expand into the events market. Beloved by the community and ideally positioned to capture steady tourist traffic, this property offers both a successful, established operation and room for future growth. Whether you're looking to expand the events side, enhance food and retail offerings, or simply embrace a lifestyle in one of Colorado’s most picturesque mountain settings, this is a truly one-of-a-kind opportunity.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension .95 acres Parking DirtOff Street2-10 Total SpacesCommon Property Description Other Roof Metal Sewer Public Sewer Installed Stories 1 Street Description 75'-100' FrontageCity/TownPavedState Highway Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 3018 Flooring ConcreteLaminateOtherTileWood Heating Fuel Source ElectricPropane One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricFiber OpticsInternetPhonePropaneWater Books Available Yes Cam No Covenants NO Current Use RestaurantMixed UseConvenience Store Disclosures Lead Base PaintSeller's Prop Disclosure Documents On File Equipment ListLegal DescriptionPlot Plan/Plat/Survey Exchange Trade No Existing Utilities ElectricInternetPhonePropane-Tank LeasedPropane-Tank OwnedWater Fixtures Included Yes Inventory Included No Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeConvenience StoreMixed-UseRestaurantRetail StorefrontRetail WarehouseSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2026 Total Gas Meters 0 Total Taxes 9099.12 Type Multi-Use Water Rights No Zoning Type CommercialMixed UseOther

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2026-05-18T23:56:30.047.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Murphy Real Estate: 970-944-5050.