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1047 N 1st Street

Homes For Sale In
Montrose
Out of Area
MLS® # 190581

$570,000

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Save the listing See All 69 Photos
$570,000 Price
1946 Year Built
No Pool
0.14 Acres

About 1047 N 1st Street

Prime Downtown Montrose Restaurant Property - Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side—perfect for Colorado's sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. There's also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montrose's many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorado's fastest-growing market.

Features of 1047 N 1st Street

MLS® # 190581
Price $570,000
Acres 0.14
Year Built 1946
Type Commercial Sale
Sub-Type Business with Real Estate
Status Active

Community Information

Address 1047 N 1st Street
Major Area Out of Area
Area Within Colorado
Subdivision Out of Area
City Montrose
County Montrose
State CO
Zip Code 81401

Amenities

Utilities Natural Gas Available

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Corner Lot
Construction Frame

Additional Information

Date Listed October 23rd, 2025
Zoning B4
Short Sale No
RE / Bank Owned No
Data Source AGSMLS
Short Termable No

Subdivision Statistics

Active Listings 219 Average Price $2,006,474 Average $/SF $815 Median $/SF $610 Listing Price $570,000

Listing Map

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