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Explore Similar Condos Within 10 Miles of Penrose, CO

  • /12

    $1,150,000

    • 9,569 Sq Ft

    901 Main St, Cañon City, CO 81212

    Exceptional live/work opportunity in a prime high-traffic location at the corner of 9th and Main, ideal for owner-occupants seeking the perfect blend of business and residential space. The property offers flexible financing, with the owner willing to carry at an attractive rate for just $300k down.Featuring nearly 5,000 square feet of versatile office and multi-use space, including

    Tony Greer Keller Williams Performance Realty

    901 Main St, Cañon City, CO 81212
  • /15

    $750,000

    • 4,750 Sq Ft

    120 E Main St, Florence, CO 81226

    Superb commercial/residential building in the heart of Florence, the antique capital of Colorado. Gorgeous 1750 square foot, 2 bedroom loft on upper level. Updated, well lit, 1500 square foot previous art gallery on main level with 2 separate work rooms, and oversized 24' x 30' garage with alley access, 220v power, 9' overhead door, and entire footprint is heated. 1/2 bathroom in retail area,

    Brandon Angel Keller Williams Performance Realty

    120 E Main St, Florence, CO 81226
  • /10

    $295,000

    • 10,652 Sq Ft

    320 Main St, Cañon City, CO 81212

    Historic Downtown Canon City - Mixed-Use Value-Add with STR or Owner-Occupant PotentialInvestors and developers: numerous grants are available on downtown rehabs - don’t miss this rare opportunity to transform a centrally located commercial building in the heart of historic downtown Canon City. With over 10,000 total square feet across two levels, this property offers both immediate

    Tony Greer Keller Williams Performance Realty

    320 Main St, Cañon City, CO 81212

Why Live in Penrose

Penrose, CO, is a rural community situated between Pueblo and Colorado Springs, offering residents a semi-arid landscape with juniper woodlands, hot springs, and proximity to the Arkansas River. The area is known for its spacious acreage, with many properties featuring traditional farmhouses and ranch-style homes on lots ranging from 3 to 40 acres, allowing for agricultural activities such as growing hay and raising livestock. Founded during the gold rush, Penrose provides a quiet environment with stunning views and a moderate heat risk, with summer temperatures reaching the low-to-mid 90s. The community is prone to wildfires, which have a moderate chance of affecting properties over the next 30 years.

Penrose features several outdoor attractions, including the Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, which offer opportunities for camping, fishing, paddleboarding, and kayaking. The Penrose Park & Recreation District serves as the main green space, hosting events like the Apple Day Festival. Although Penrose has limited commercial areas, Broadway offers local establishments such as Coyote's Coffee Den and Penrose Pizzeria & Pub, along with the Neighborhood Market for groceries. For additional shopping and dining options, Florence is located about 6 miles southwest.

The Fremont County Transit system provides on-demand transportation, with Pueblo approximately 30 miles east and Colorado Springs about 35 miles north. Pueblo Memorial Airport and Colorado Springs Airport offer flights to various destinations, including international flights starting in June 2025.

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$575,000
Median Single Family Sale Price
$699,000
Average Price Per Sq Ft
$256
Number of Homes for Sale
5
Last 12 months Home Sales
46
Months of Supply
1.30
Median List Price
$699,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%
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