Improved Mixed-Use Land for Sale in Penrose, Colorado
708 Fremont St, Penrose, CO 81240
Rare opportunity to own a historic South Colorado building with a lot of history. It has become a landmark with the Billboard and one of the World's largest Rocking Chairs. One of a kind building with high ceilings, wood beams, and brick. Muriel's inside and out. Many upgrades, including electric, plumbing and roof. It would be a great event center or restaurant with opportunities to make it your own. There is a lot of room with a three-car garage and carport. 3 acres completely fenced in. Over 2000 sq. ft of living space built in. This is a must-see to appreciate it. (Phase 1 Environmental, Site Plan and Traffic Report all completed.)
- Listed by Sam Banning, (719) 458-1345, HomeSmart Preferred Realty
Location
- Street address
- 708 Fremont St
- County
- Fremont County
- Elevation
- 5,350 feet
Directions
Head northeast on CO-115 N for approx. 1.4 mi, turn rt. on 7th St., turn rt. on Grant St. property will be on your rt.
Property details
- Acreage
- 9.82 acres
- Zoning
- Business
- MLS #
- REcolorado 3376535
- Posted
Property taxes
- 2024
- $7,936
Parcels
- 69007671
Legal description
A PART OF TRS-77 & 78 SEC 5 -19-68 BEAVER PARK PLAT #5 ... (Refer to Title)
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Special Purpose
- Current Use
- Mixed Use
- Terms
- Cash, Conventional
- Possession
- Negotiable
Community
- Features
- Business Center, Common Area Boardroom, Conference Facility, Food Service, Signage Included, Storage, Wi-Fi
Lot
- Road Frontage
- Public, Year Round
- Road Surface
- Paved
- Road Responsibility
- Public Maintained Road
- Well Type
- Not Drilled
- Features
- Historical District, Near Public Transit, Open Space, Subdividable
Exterior
- Parking Spaces
- 188
- Parking
- Asphalt, Guest, Oversized, Unpaved
- Garage Spaces
- 3
- Carport Spaces
- 5
Structure
- Type
- Free Standing
- Renovated
- 2024
- Style
- Loft, Traditional
- Stories
- 2
- Electric
- 220 Volts
- Sewer
- Public Sewer
- Materials
- Brick, Frame, Log, Stucco
- Roof
- Composition
Interior
- Security
- Carbon Monoxide Detector(s), Secured Garage/Parking, Smoke Detector(s)
Property utilities
| Category | Type | Status |
|---|---|---|
| Power | Grid | Connected |
| Gas | Natural Gas | Connected |
| Sewage | Sewer | Connected |
| Water | Public | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 13, 2026 | Back on market | $1,250,000 | — | PAR |
| Jan 6, 2026 | Under contract | $1,250,000 | — | PAR |
| July 17, 2025 | Price drop | $1,250,000 | $100,000 -7.4% | PAR |
| July 10, 2025 | New listing | $1,350,000 | — | PAR |
Payment calculator
Based on information submitted to the MLS GRID as of May 1, 2026 1:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more