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300 W Third Street, Lake City, CO 81235

Hinsdale County

Key Facts

2,757Sq Ft
1881Year Built
0.04Lot (acres)

Description

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's 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. 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. 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. **The Bar is being removed

Property Information

Property Type

Commercial Sale

Sub-Type

Business

Year Built

1881

Living Area

2,757 sq ft

Lot Size

0.04 acres

MLS® Listing#

817850

Property Features

Cooling

Central Air

Heating

ElectricPropane

Flooring

Tile

Roof

Metal

Utilities

Propane

Sewer

Septic Tank

Water Source

Public

Financial Details

Annual Taxes

$5,857

Tax year 2025

Parcel Number

450927325003

Directions

Contact Office

Affordability Calculator

$260,000

Estimated monthly payment

$6,919/mo

Principal $1,040,000 · Est. interest $1,450,893 over 30 yrs

Location

  • 300 W Third Street, Lake City, CO 81235

Getting Around

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Points of Interest in Lake City, CO

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Nearby Schools

  • Lake City Community School

    School · 0.3 mi away

  • Ouray Public Schools

    Secondary · 19.2 mi away

  • Silverton Public School

    Secondary · 24.2 mi away

  • Lamb Elementary School

    Elementary · 24.6 mi away

  • Creede School District

    Elementary · 25.6 mi away

  • Ridgway High School

    Secondary · 25.7 mi away

  • Ridgway School District R-2

    School · 25.7 mi away

  • Ridgway School District R-2

    School · 25.8 mi away

  • Ridgway Elementary School

    Elementary · 25.8 mi away

  • Mountain Sprouts Preschool

    School · 27.6 mi away

  • Telluride Elementary School

    Elementary · 27.8 mi away

  • Telluride School District

    Elementary · 28.0 mi away

  • Telluride Academy

    School · 28.0 mi away

  • Telluride High School

    Secondary · 28.0 mi away

  • Telluride Intermediate School

    Elementary · 28.1 mi away

  • Telluride Mountain School

    School · 31.1 mi away

  • Cottonwood Elementary School

    Elementary · 41.1 mi away

  • Seasons Schoolhouse

    School · 41.2 mi away

  • Gunnison High School

    Secondary · 41.4 mi away

  • Gunnison Middle School

    Secondary · 41.7 mi away

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EXIT Agents in Lake City

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Listing Courtesy: M4 Ranch Group, LLC - dan@m4ranchgroup.com

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FAIR HOUSING DISCLAIMER

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

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Data provided by CREN. MLS® Listing#817850. © 2026EXIT Realty®. All rights reserved.