238 S 2nd Street, Montrose, CO 81401
Local realty services provided by:CENTURY 21 CapRock Real Estate
238 S 2nd Street,Montrose, CO 81401
$550,000
- 4 Beds
- 2 Baths
- 2,939 sq. ft.
- Single family
- Active
Listed by: delphine jadot
Office: keller williams colorado west realty
MLS#:833462
Source:CO_CREN
Price summary
- Price:$550,000
- Price per sq. ft.:$187.14
About this home
Downtown Montrose Commercial Investment Opportunity | 238 S 2nd Street | Position your business or expand your portfolio in the heart of Downtown Montrose. This “Grand Old Lady,” standing proudly since 1898, has recently undergone an extensive renovation—blending historic charm with modern functionality. Ideally located just off Main Street in the business district, the property offers strong visibility, easy access, and proximity to established businesses, dining, and everyday services. Start your mornings with a short walk to The Rathbone for coffee, enjoy the convenience of City Market just across the street for daily shopping, and unwind in the evening with a walk to MSSO, Colorado Boy, or Eatery 66 for a true downtown dining experience. The central location and flexible layout create multiple opportunities: * Mixed-use potential (live/work configuration) * Multi-tenant or single-user occupancy * Upper level can function as a separate apartment or integrate seamlessly with the main level. Offering approximately 2,939 sq ft plus basement storage, this property sits on a 0.14-acre lot with a one-car garage accessible from the alley. The current configuration includes 4 bedrooms and 2 bathrooms with 2 kitchens, allowing for owner-occupancy, rental income potential, or both. Investment Highlights: * Prime downtown location with consistent activity * Walkable to coffee shops, restaurants, and daily conveniences * Potential for **owner-user or investment property** * Flexible layout for **multi-tenant or live/work use** * Opportunity for **value-add improvements or repositioning** Montrose continues to grow as a regional hub for Western Colorado, supporting local businesses and attracting visitors year-round with proximity to the Black Canyon of the Gunnison and nearby mountain destinations....
Contact an agent
Home facts
- Year built:1898
- Listing ID #:833462
- Added:53 day(s) ago
- Updated:June 03, 2026 at 02:14 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:1
- Flooring:Carpet-Partial, Tile
- Living area:2,939 sq. ft.
Heating and cooling
- Cooling:Forced Air
- Heating:Electric Baseboard
Structure and exterior
- Roof:Composition
- Year built:1898
- Building area:2,939 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Victorian
- Levels:2 Story
Schools
- High school:Montrose 9-12
- Middle school:Centennial 6-8
- Elementary school:Pomona K-5
Utilities
- Water:City Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$187.14
Features and amenities
- Amenities:Electricity, Natural Gas, Phone - Cell Reception, Unfurnished
Parking
- Carport spaces:1
New listings near 238 S 2nd Street
- New
$420,000Active3 beds 2 baths1,275 sq. ft.1210 Owl Creek Avenue, Montrose, CO 81401
MLS# 835453Listed by: 20 SLEEPS WEST REAL ESTATE - New
$625,000Active3 beds 2 baths1,648 sq. ft.62722 Jig Road, Montrose, CO 81401
MLS# 835454Listed by: 20 SLEEPS WEST REAL ESTATE - New
$289,000Active3.58 AcresLot 1 Mancos Lane, Montrose, CO 81403
MLS# 835419Listed by: CENTURY 21 ELEVATED REAL ESTATE - New
$249,000Active2.08 Acres63242 Pearl Road, Montrose, CO 81403
MLS# 835434Listed by: KELLER WILLIAMS COLORADO WEST REALTY - New
$469,000Active3 beds 2 baths1,481 sq. ft.Lot 4 Carbonero Avenue, Montrose, CO 81403
MLS# 835420Listed by: NEXTHOME VIRTUAL - New
$900,000Active4 beds 3 baths2,390 sq. ft.Lot 508 Chimney Rock Way, Montrose, CO 81401
MLS# 835421Listed by: NEXTHOME VIRTUAL - New
$200,000Active0.72 AcresLot 25 Otter Pond Circle, Montrose, CO 81401
MLS# 835422Listed by: NEXTHOME VIRTUAL - New
$405,000Active3 beds 3 baths1,481 sq. ft.633 Golden Drive, Montrose, CO 81401
MLS# 835408Listed by: BRAY REAL ESTATE - New
$399,900Active3 beds 2 baths1,425 sq. ft.1304 Kent Avenue, Montrose, CO 81401
MLS# 835413Listed by: BLACK CANYON HOMES - New
$190,000Active40 AcresTBD Pinion Ridge Road, Montrose, CO 81403
MLS# 835414Listed by: BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES