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    228 Elcho Ave Crested Butte, CO 81224

    For Sale
    $1,400,000

    Multi-Use w/Res - Crested Butte, CO

    Property size:
    2,350 SF
    Lot size:
    0.38 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 228 Elcho Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,350 SF
    Lot size
    0.38 Acres

    Building Details

    Year built
    1999
    Architectural style
    Other

    Bluebird Real Estate (970) 349-6691 [email protected]

    Listing agent Trenton Bona (970) 349-6691

    Listing date Nov 7, 2025

    MLS# 823815 Listing URL

    Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Gas Station Opportunity

    Located at 228 Elcho Avenue in Crested Butte, Colorado, this property presents an exceptional opportunity to own a restaurant and gas station. The property, situated in CB South, an area with a high density of year-round residents, is one of only two food establishments in the area, promoting a steady flow of daily traffic. The ground floor unit, Unit A, encompasses 2350 square feet and has been home to The Wooden Spoon, a successful restaurant, convenience store, and the only gas station between Crested Butte and Gunnison. The 0.38-acre lot includes a spacious deck with an outdoor bar area, an indoor bar and grill, off-street parking, and a fully stocked convenience store complete with beverage coolers. There are also two half bathrooms for guests. A brand-new flat-top grill has just been installed, and all trade fixtures are in good working condition. An upgraded gas pump system is currently underway, which will allow for 24/7 credit card access for both gasoline and diesel sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Wooden Spoon Country Restaurant ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Nail Salon Gym & Fitness Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.8841928
    Latitude
    38.811221

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    FAQs

    What type of property is this?
    Gas station - Restaurant, convenience store, and gas station in Crested Butte, Colorado.
    Where is this gas station located?
    The property is located at 228 Elcho Ave Crested Butte, CO.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Only gas station between Crested Butte and Gunnison, with upgraded 24/7 credit card access for gasoline and diesel.; - Established restaurant and convenience store with multiple revenue streams.; - Located in CB South, the area with the highest density of year-round residents in the north valley.
    (970) 349-6691
    Request Owner's contact information
    228 Elcho Ave Crested Butte, CO 81224
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    Crested Butte, CO 81224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 Elcho Ave Crested Butte, CO 81224
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