$10,000 Closing Credit¹
#821235, Mike Shimkonis, Listing Office: Telluride Properties LLC
$1,185,000 List price
400 Palomino Trl # 101And # 201 Ridgway, CO 81432
$10,000
Closing credit¹
3 beds
2 full
1,952 sqft
0.2 acres
$607 / sqft
House
Property details
About 400 Palomino Trl # 101And # 201
Unique Multi-Use Property in Ridgway – Prime Commercial & Residential Opportunity Seize this rare opportunity to own one of Ridgway’s most versatile and intelligently designed properties! This exceptional General Commercial/Multi-Use building is a testament to thoughtful planning, blending Old West charm with modern efficiency. Whether you're an entrepreneur, investor, or someone seeking a live/work space in the Ridgway, Ouray and Telluride area, this property offers unparalleled flexibility. Maximize Income Potential with Smart Zoning Strategically built within Ridgway’s General Commercial zoning, this property is currently configured as two distinct residential and commercial rental units: Lower Level: A commercial space that allows for short-term rentals (up to 29 days) or a variety of business uses, including retail, office space, professional services, breweries, art galleries, or even light manufacturing. Upper Level: A beautifully finished residential unit, ideal for long-term living or short-term vacation rentals (VRBO/Airbnb) under a Ridgway short-term rental license. With this dual-purpose setup, you can generate rental income from both floors or utilize one as a residence while running a business from the other—a rare find in Ridgway! Designed for Efficiency & Timeless Appeal Built with a classic "Old West" aesthetic, this property blends seamlessly into the vibrant Ridgway community while offering: High-quality materials & craftsmanship, covered parking & dual entrances for convenienc, expansive porches & decks designed for privacy and stunning views, landscaped grounds with mature trees & perennials, state-of-the-art heat pump system for efficient heating, cooling, and air filtration. With an impressive building footprint and room to expand, this property presents a prime opportunity for growth. Add another rental unit, increase commercial capacity, or reconfigure the space to match your unique vision—all while maintaining ample off-street parking and accessibility. Located at the very eastern edge of Ridgway, just a quick walk to the center of Town, and just minutes from Ouray’s hot springs and Telluride’s world-class skiing, this property places you in one of Colorado’s most sought-after areas for both tourism and year-round living. Whether you dream of running a business, investing in Ridgway’s thriving market, or creating the ultimate live/work space, this multi-use property offers unmatched potential. Schedule a showing today and start building your future in Ridgway, Telluride, and Ouray!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Forced Air, Heat Pump
StatusActive
CoolingCentral Air
Size1,952 sqft
BasementYes
Lot size0.227 Acres
Year built2006
MLS #821642
ViewMountain(s), Valley
Summary
- MLS Number: 821642
- Office Name: United Country Sneffels Realty
- Listing Agent: Todd Schroedel
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$1,185,000
400 Palomino Trl # 101And # 201
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
6
Ridgway Elementary School
Public District PK-5
1.1 mi
•1115 Clinton St
8
Telluride Intermediate School
Public District 3-6
15.0 mi
•447 W Columbia Ave
7
Cottonwood Elementary School
Public District KG-5
21.2 mi
•3500 Woodgate Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $57,568. Most Ridgway, CO residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
27%
<35k
57%
35k-100k
11%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
3%
Single, with Kids
42%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
51%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 400 Palomino Trl # 101And # 201
This home is located at 400 Palomino Trl # 101And # 201 in Ridgway, CO and zip code 81432. This 1,952 square foot home, which was built in 2006, sits on a 0.23 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 4, 2025 and is currently priced at $1,185,000.
The number of homes for sale in Ridgway, CO increased by 17.2% between January and February 2025. In February 2025 median list price was $967,000 and the average listing age was 153 days.
From Rocket Homes Real Estate and based on county public records data.