Rare opportunity to own a piece of Rangely history in the heart of Northwest Colorado! Known for decades as the Ace High, this iconic Main Street property has been part of the community's story since 1946 and is ready for its next chapter. While its highest and most natural use may be a bar/restaurant or event venue, the flexibility of this property opens the door to a wide range of business possibilities. Located directly on Main Street with both Main Street and side street access, the property offers exceptional visibility, convenient access, and approximately 30 paved parking spaces. The building has been extensively updated, including new electrical, a new sewer line, and a major renovation that essentially gutted and improved the property while preserving the elements that give it its historic charm. Original hardwood floors, rustic Western details, exposed wood accents, unique fixtures, a full bar, dance floor, covered patio space, and inviting gathering areas all remain part of the character that makes this property so special. Inside, you'll find a large open seating and event area, full kitchen, office/flex spaces, multiple entrances, male and female restrooms, handicap-accessible entries and restroom features, a projection screen area, and a layout that could support dining, entertainment, private events, retail, office, community use, or creative mixed-use concepts. Outside, the property includes covered and uncovered patio areas plus a detached two-car garage/storage building behind the main structure that offers additional utility and future potential, subject to applicable approvals. Rangely is actively encouraging new business, making this a timely opportunity for an owner-user, investor, restaurateur, event operator, or entrepreneur looking to affordably launch or expand in NW Colorado. Historic charm, practical updates, strong visibility, ample parking, flexible space, and the chance to own a true piece of local history all come together at 616 E Main Street. MAKE SURE AND CLICK ON THE VIDEO AND VIRTUAL TOUR LINK FOR THE FULL EXPERIENCE!