501 Elk Avenue Crested Butte, CO
$ 2,400,000
Property Attributes
  • MLS#768360
  • TypeCommercial
  • CountyGUNNISON
  • CityCrested Butte
  • AreaCrested Butte
  • Zip81224
  • StyleMulti-Use
  • Year Built1990
  • Taxes22342
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4610
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Mountain Properties
Property Description

Exceptional, prime business corner. High visibility corner business property. B3 zoning. Located one block from the bus stop, the Chamber of Commerce, library, and Town Hall. Everyone entering town passes here. Location, location, location! The current occupant is moving out of the front 3265.5 sq ft of Elk Avenue frontage. The tenants in the suites along 5th St. are all staying in place. Crested Butte is a vibrant mountain resort community, designated a National Historic District. 3265.5 sq ft of vacant Elk Ave frontage, just waiting for a new business. Large windows and an inviting front porch give great visibility for any business venture here. Create your own new business, relocate here, or give a tenant an opportunity for a good location. There is off street parking in back. Each space along 5th st has it’s own entrance and it’s own restroom. ADA access and all ground floor space. Don’t miss this opportunity. This is NOT an REO sale. The bank that owns it is closing the Crested Butte branch, and moving all operations to their Gunnison office. The Real Estate is for sale, including the currently rented shop/office spaces along 5th St. Ideal for retail, food service, arts, crafts, service businesses, medical or dental, and more. How about a music venue? Current owner replaced all sewer lines, roof, flooring, and upgraded restrooms. High visibility and good foot traffic. With the recent losses of two long time favorite restaurants there is a great opportunity for a new restaurant, under conditional use and with town approval. This was the former home of Angelo’s pizza, Italian/sandwich restaurant. Some of the “guts” are still in place.

Price History
4/9/2020 Listed $2,400,000

General Features

Available Utilities Cable, Electric, Fiber Optics, Internet, Natural Gas, Phone, Sanitary Sewer, Water
Flooring Concrete, Tile, Wood
New Construction Y/N No
Parking 2-10 Total Spaces
Property Description Corner
Roof Metal
Sewer Public Sewer Installed
Status Active
Status Active
Stories 1
Type Multi-Use
Zoning B3

Interior Features

1/2 Baths 6
Finished SF 4610
Fixtures Included No
Total Rooms 6
Utilities Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Single-phase, Water

Exterior Features

Carport No
Foundation Concrete
Lot Dimensions 77'x125'
Lot Size Area 0.24
Parking Spaces 5
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81224

AVG $920K
AVG $10,123
AVG 29
Year Built
AVG 1968
AVG 64
Data Provided by Walkscore ® not using MLS data