Will a New Restaurant Take the Chance at Loveland Location?

For nearly 15 years in Downtown Loveland, a spot near the corner of First Street and South Lincoln Avenue had great success as one of Colorado's many Mexican restaurants; since it left in 2021, the location has struggled to keep a business.

Chili Verde Mexican Grill in Downtown Loveland Closes

Chili Verde Mexican Grill took over 116 South Lincoln Avenue in the fall of 2025, coming in after 2 Amigos Cantina shut their doors after about four years.

Second Try For Mexican Restaurant in Downtown Loveland Unsuccessful

In late September of 2026, I noticed that they weren't open for breakfast as they normally would be on a Thursday. A few days later, I noticed that the signage in the windows was gone and the restaurant was empty. I looked for their Facebook page, but it appears to have been deleted.

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The location is tough, but history has shown (from 2007-2021) that a restaurant can indeed thrive there. I bet an Asian restaurant would do well, as the only other Asian restaurants in Downtown are Urban Hot Pot (pricey) and Sushirito; both are further north off of Fifth Street.

Chili Verde Mexican Grill May Be the Last Restaurant at 116 South First

In the end, maybe the space won't become a new restaurant at all, but perhaps a barber shop. Barber shops are always popping up, plus, there's a tattoo parlor across the street; they kind of go "hand-in-hand."