Located in the heart of Buena Vista, one of Colorado's most desirable mountain towns, this exceptional in-town property presents a rare opportunity for investors, developers, and visionaries. Situated within a mixed-use zoning district, the property offers outstanding flexibility for a wide variety of residential and commercial projects in a community where development opportunities are becoming increasingly scarce. Comprised of 3.8 Old Town lots, the parcel spans approximately 95 feet of street frontage and more than 150 feet in depth, providing an ideal footprint for redevelopment. Potential uses include individual single-family homes, townhomes, a multi-unit residential development, or a thoughtfully designed mixed-use project combining commercial space with residential units above. With alley access, a level building site, and a generous lot configuration, the property is well suited for efficient site planning and construction. Positioned just off the highway near several established and busy businesses, the location offers outstanding accessibility without the premium cost or traffic associated with highway frontage. Mill Street is an ideal setting for professional offices, studios, service businesses, or other enterprises that depend on convenient access for local clients rather than drive-by visibility. As Buena Vista continues to grow, the demand for quality commercial office space for small businesses has never been greater, making this an especially compelling investment opportunity. The property is further enhanced by mature, well-established trees throughout the lot and surrounding block, creating an inviting setting rarely found on redevelopment parcels. Whether your vision is residential, commercial, or a blend of both, this is a chance to create something special in one of Colorado's fastest-growing and most sought-after mountain communities. The original home has been added onto over the years. The home is a bit odd, but perfectly livable.
Single-familyProperty Type
1954Year Built
0.34 acresLot Size
$293Price/Sq.Ft.
2 garage spacesParking
Listed by Mark Krasnow• Full Circle Real Estate Group
Located in the heart of Buena Vista, one of Colorado's most desirable mountain towns, this exceptional in-town property presents a rare opportunity for investors, developers, and visionaries. Situated within a mixed-use zoning district, the property offers outstanding flexibility for a wide variety of residential and commercial projects in a community where development opportunities are becoming increasingly scarce. Comprised of 3.8 Old Town lots, the parcel spans approximately 95 feet of street frontage and more than 150 feet in depth, providing an ideal footprint for redevelopment. Potential uses include individual single-family homes, townhomes, a multi-unit residential development, or a thoughtfully designed mixed-use project combining commercial space with residential units above. With alley access, a level building site, and a generous lot configuration, the property is well suited for efficient site planning and construction. Positioned just off the highway near several established and busy businesses, the location offers outstanding accessibility without the premium cost or traffic associated with highway frontage. Mill Street is an ideal setting for professional offices, studios, service businesses, or other enterprises that depend on convenient access for local clients rather than drive-by visibility. As Buena Vista continues to grow, the demand for quality commercial office space for small businesses has never been greater, making this an especially compelling investment opportunity. The property is further enhanced by mature, well-established trees throughout the lot and surrounding block, creating an inviting setting rarely found on redevelopment parcels. Whether your vision is residential, commercial, or a blend of both, this is a chance to create something special in one of Colorado's fastest-growing and most sought-after mountain communities. The original home has been added onto over the years. The home is a bit odd, but perfectly livable.
Year
Property tax
Land + Additions
Assessment*
2025
$2,339 (+52.7%)
$10,850 + $27,600
$38,450
2024
$1,532 (+6.1%)
$10,850 + $27,600
$38,450
2023
$1,444 (+53.2%)
$11,260 + $20,500
$31,760
2022
$943
$11,260 + $20,500
$31,760
2021
$942 (+24.2%)
$5,010 + $11,550
$16,560
2020
$759 (+0.3%)
$5,150 + $11,880
$17,030
2019
$757 (+39.3%)
$4,090 + $8,690
$12,780
2018
$543 (+9.2%)
$4,090 + $8,690
$12,780
2017
$497 (+7.6%)
$2,800 + $5,640
$8,440
2016
$462 (−5.3%)
$2,600 + $6,030
$8,630
2015
$488 (−53.6%)
$2,600 + $6,030
$8,630
2014
$1,051
$4,940 + $13,050
$17,990
Public record
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
1961
Finished Sq. Ft.
1,623
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,623
Year built
1954
Style
Other
County
Chaffee County
APN
R327117117205
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 11, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
1/10 Heat Factor
5 days above 84° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Buena Vista, CO • 81211
Average low and high temperatures (°F)
39
14
50
24
57
28
58
30
65
37
80
46
80
49
79
48
72
41
65
34
49
23
47
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 119 Mill Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $395,000 and $750,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $395K to $750K.