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$1,600,000
238 Days On Site

217 Colfax Avenue
Grass Valley, CA95945

For Sale|Business|Active
0
Beds
0
Total Baths
2,508
SqFt
$638
/SqFt
1965
Built
County:
Nevada
Listing courtesy of Shaye M Blazer of COMPASS
Call Now: 916.218.4500
Is this the listing for you? We can help make it yours.
916.218.4500
217 Colfax Avenue217 Colfax Avenue217 Colfax Avenue217 Colfax Avenue
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Mortgage Calculator

Monthly Payment (Est.)

$7,300
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

An iconic opportunity in the heart of historic Grass Valley – Diego’s Restaurant and its prime 2,500 sq ft commercial building are officially on the market! This turnkey, well-loved establishment is more than a restaurant—it’s a local staple known for its vibrant eclectic atmosphere, loyal clientele, strong local following and unique Chilean inspired South American cuisine. Now, both the business and the real estate are available in a rare all-in-one offering! Situated on a high-visibility lot with ample foot traffic and street exposure, this freestanding property features two beautifully charming indoor dining spaces and an inviting outdoor patio dining area nestled amongst it's magical gardens. The restaurant's highlights are it's fully equipped front open grill, waitress station, along with a large commercial kitchen space, separate dessert & baked goods prep area, two walk-in fridges and multiple pantries. Whether you’re looking to continue the legacy of Diego’s or bring your own culinary vision to life, this is a rare opportunity to own a piece of Grass Valley history—with the stability of owning the building and land especially in one of Nevada County's most charming and fast-growing communities. Visit diegosrestaurant.com to learn more about why it means so much to purchase this unique building and profitable restaurant. Better yet, stop on in to eat and feel the love!

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Listing Snapshot
Price 
$1,600,000
Days On Site 
238 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,508 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.09 Acres
Year Built 
1965
MLS® Number 
20251002
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 months agoListing updated with changes from the MLS®
8 months agoStatus changed to Active
8 months agoPrice changed to $1,600,000
8 months agoListing first seen on site
General Features
Acres 
0.09
Number Of Stories 
1
Property Sub Type 
Business
Security 
Security System
SqFt Total 
2508
Interior Features
Heating 
ElectricNatural Gas
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Exterior Features
Construction Details 
BrickFrame
Lot Features 
Level
Community Features
MLS Area 
OUT OF THE AREA-11O
Listing courtesy of Shaye M Blazer of COMPASS



Listing information is provided by Participants of the Tahoe Sierra Board of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Tahoe Sierra Board of REALTORS MLS.
Data last updated at: 2026-01-10 12:34 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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