Historic Lake City Commercial Opportunity

Located at 300 W Third Street in Lake City, Colorado, this 2,288± square-foot historic commercial building offers a restored downtown property with more than a century of local history. Originally constructed in 1880 with locally quarried stone, the building has a longstanding history as a bar and restaurant and has undergone extensive recent renovations that combine its historic character with updated building systems. Now offered as an open commercial space, the property provides a foundation for a new owner to establish a restaurant, bar, retail concept, or other commercial use.

The property has been part of Lake City’s commercial landscape since the late 19th century. Originally home to the A. H. Avery & Company stationery and bookstore, the business expanded as Lake City grew during its mining and railroad years. By 1892, the property was operating as a meat market before evolving into a general store and later housing a grocery store, shoe store, law office, and newspaper office.

During the early 20th century, the building began its long association with Lake City’s bar and restaurant history. Over the following decades, it operated under several names, including the Log Cabin Inn, Pinecone Saloon, Highbridge Saloon, Restless Spirits, and most recently The Wrangler.

Beginning in 2022, the building underwent an extensive restoration focused on retaining its historic character while updating the infrastructure for modern commercial use. Improvements included the installation of a heated roof and replacement of plumbing and electrical systems necessary to bring the building up to current building code at the time of renovation.

Flooring, walls, and ceilings were restored or replaced with period-appropriate materials, including imported Italian marble tile and antique fixtures. The former basement coal chute and storage area were converted into additional finished space, and improvements were made to several service and preparation areas throughout the building.

Modern heating and air conditioning were also installed, along with security and fire monitoring systems, providing updated infrastructure within the historic structure.

Historically used primarily as a bar and restaurant, the building is now being offered as an open commercial space. Rather than being tied to an existing business configuration, the interior provides a new owner with the flexibility to determine the property’s next use and configure the space accordingly.

The property is located within Lake City’s Central Business District, which is intended to support a compact and convenient downtown business area. Uses permitted by right include restaurants and establishments licensed for on-premises alcohol consumption, retail businesses, professional offices, personal service establishments, craft shops, theaters, hotels, motels, lodges, and other specified commercial uses. Certain residential uses may also be incorporated with an authorized business use, subject to applicable requirements. Additional commercial and residential uses are available conditionally under the district regulations.

Situated at 300 W Third Street in Lake City, the property provides a historic commercial setting within one of Colorado’s established mountain communities. After more than a century of commercial use, the building is positioned for its next chapter while retaining the architecture and character that have defined the property throughout its history.

**Photo Disclaimer: Images are AI-generated conceptual renderings intended to illustrate the approximate appearance of the Property following completion of the current renovations and repairs. Actual finishes and final condition may vary. The renderings will be replaced with current photographs upon completion of the work.