310 N Gunnison Avenue, Lake City, CO 81235
Hinsdale County
Key Facts
Description
Rare Opportunity: Restaurant & Living Quarters in the Heart of Lake City! The beloved Lake City Cafe is on the market — a unique investment opportunity in one of Colorado’s most charming historic mountain towns. This property offers 3,075± sq. ft. of versatile commercial space, previously operated as a year-round coffee house, restaurant, and bar. It comes fully equipped and furnished, allowing for a smooth and quick startup. Property Highlights: • Spacious Dining & Kitchen Areas: Includes a large commercial kitchen, ideal for a wide range of culinary concepts. • Exceptional Outdoor Dining: Two access points lead to an expansive outdoor patio — a rare and highly sought-after feature in Lake City’s dining scene. • Flexible Layout: Suitable for various business models — coffee shop, bistro, bar, or full-service restaurant. Bonus Living Quarters: Attached to the commercial space is a 1,128± sq. ft. private residence, featuring: • 2 bedrooms, 2 bathrooms • Spacious kitchen and living room • Private deck and fenced yard • Separate private entrance plus internal access from the restaurant This rare live/work setup offers both lifestyle and business convenience in one of Colorado’s most picturesque locations. *Currently being leased
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1888
Living Area
4,214 sq ft
Lot Size
0.21 acres
MLS® Listing#
812222
Property Features
Heating
Flooring
Parking
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,271
Tax year 2026
Parcel Number
450927326006
Directions
In the middle of downtown Lake City on State Highway 149.
Affordability Calculator
$197,000
Estimated monthly payment
$5,243/mo
Principal $788,000 · Est. interest $1,099,330 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake City, CO
- $504,539
- Median Listing Price
- 65
- Median Days on Market
- 1,912
- Median Sq Ft
- $254
- Median Price / Sq Ft
- 1,443
- Active Listings
- This home’s price is 95% above the area median.
- Its price per sq ft is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake City, CO.
Location
Points of Interest in Lake City, CO
Showing the Lake City area map.
Nearby Schools
Lake City Community School
School · 0.3 mi away
Ouray Public Schools
Secondary · 19.3 mi away
Silverton Public School
Secondary · 24.3 mi away
Lamb Elementary School
Elementary · 24.6 mi away
Creede School District
Elementary · 25.6 mi away
Ridgway High School
Secondary · 25.8 mi away
Ridgway School District R-2
School · 25.8 mi away
Ridgway School District R-2
School · 25.9 mi away
Ridgway Elementary School
Elementary · 25.9 mi away
Mountain Sprouts Preschool
School · 27.6 mi away
Telluride Elementary School
Elementary · 27.9 mi away
Telluride School District
Elementary · 28.0 mi away
Telluride Academy
School · 28.1 mi away
Telluride High School
Secondary · 28.1 mi away
Telluride Intermediate School
Elementary · 28.1 mi away
Telluride Mountain School
School · 31.2 mi away
Cottonwood Elementary School
Elementary · 41.1 mi away
Seasons Schoolhouse
School · 41.2 mi away
Gunnison High School
Secondary · 41.3 mi away
Gunnison Middle School
Secondary · 41.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 9949 Richfield St, Commerce City, CO | $690,000 | 6 | 4 | 3,511 |
| 9949 Richfield Street, Commerce City, CO | $690,000 | 6 | 4 | 3,511 |
| 10046 Uvalda St, Commerce City, CO | $690,000 | 5 | 4 | 2,870 |
| 10046 Uvalda Street, Commerce City, CO | $690,000 | 5 | 4 | 2,870 |
| 167 Wapiti Court, Canon City, CO | $690,000 | 3 | 3 | 2,464 |
| 2950 E Main Street, Canon City, CO | $695,000 | 4 | 3 | 2,561 |
Moving Cost Estimate
EXIT Agents in Lake City
Listing Courtesy: Murphy Real Estate - C: 719-849-1441
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Real Estate listings held by companies other than Murphy Real Estate contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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