$1,300,000
$695K PRICE DROP

300 W Third St Lake City, CO 81235

Estimated payment $8,104/month

0.01 Acre
$130,000,000 Price per Acre
436 Sq Ft Lot

About This Lot

Step Back in Time with New, Modern Amenities.

The Wrangler Restaurant and Bar in Lake City, Colorado has a long and storied history.

The locally quarried stone building was erected in 1881 and was first opened as the A. H. Avery & Company stationery and bookstore, but soon expanded its offering to candles, confections and exotics such as fruits and nuts. The firm further expanded to include jewelry, watch and clock repair, and engraving reflecting the increasing prosperity of the community as a mining town and destination city on the Denver and Rio Grande railway.

In 1892 it was occupied as a meat market by W. S. Whinnery & Company and then gradually expanded to become a full-fledged general store.

After 1895, the building served as a grocery store, a shoe store, a law office, and a newspaper office until 1912.

The early 20th century brought the beginnings of its long bar and restaurant history, starting as the Log Cabin Inn, owned by the Wright family, and was one of the two storied downtown bars which provided food and late-night entertainment.

In 1946 the building was sold to Jack Milner, who expanded the back of the building to create an even livelier bar and restaurant. The building was purchased by the Walker family in 1960 and became the Pinecone Saloon. Booey Bolger became the owner in the 1980s and 90s until the Hardilek's purchased it in 1997 and renamed it as the Highbridge Saloon. In the 2000s, the building was purchased by Drew Paschall and was renamed Restless Spirits.

Finally, in 2022 the building was purchased by Loren Hill, an interior designer who had the vision to return it to its original Victorian glory, circa 1881, while maintaining it rich 100-year bar and restaurant history.

Restoration work started immediately, with the installation of a new heated roof, followed by replacement of the plumbing and electrical necessary to bring the building up to current building code. Then came the painstaking restoration and or replacement of flooring, walls, and ceilings with period-correct materials, including imported Italian marble tile and antique fixtures.

Next, the basement coal chute and storage area were converted to an intimate dining area and wine cellar.

The next steps involved construction of extensions to the historic kitchen - including a pizza prep area, a wait station in the dining room, and a large upstairs prep kitchen; installation of a new heating and air conditioning unit (making it the only bar and restaurant in Lake City with air conditioning for those frequently hot summer months); installation of modern security and fire monitoring systems; and purchase and installation of many new pieces of restaurant equipment and appliances to serve the wait station, bar, kitchen and prep areas.

The doors officially opened in July of 2023, with a new name and logo. The name - The Wrangler - reflects Lake City's ranching history; and the logo - a capital W capped by antlers - reflects Lake City’s world-class hunting legacy.

Listing Agent

Dan Murphy

M4 Ranch Group Listed on: 09/09/2024

Listing Provided By

Property Details

Property Type

  • Land

Additional Features

  • Current uses include hunting/fishing
  • 1 Full Bathroom

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • BathsCombined: 1
  • Office Phone: 970-550-8367
  • Listing Website: https://www.land.com/property/0.01-acre-in-hinsdale-county-colorado/21443227/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No
  • Full Bathrooms: 1

Lot Info

  • Current Use: Hunting/Fishing

Multi Family

  • Utilities Available: Electric Avail On Site

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2025 07/02/25 Price Changed $1,300,000 -34.8% $472 / Sq Ft
09/09/2024 09/09/24 For Sale $1,995,000 -- $724 / Sq Ft