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    503 Red Lady Ave Crested Butte, CO 81224

    For Sale
    $599,000

    Multi-Use - Crested Butte, CO

    Property size:
    989 SF
    Days on Market:
    79
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 503 Red Lady Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    989 SF

    Building Details

    Year built
    1994
    Architectural style
    Other

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

    Listing agent Ross Tunkey (970) 349-6691

    Listing date Sep 19, 2025

    MLS# 824706 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

    Versatile Mixed-Use Property in Crested Butte

    Located in the heart of downtown Crested Butte, this mixed-use property offers a versatile layout with flexibility and functionality. The property includes a 293 square foot private office space downstairs, complete with a ¾ bathroom, suitable for remote work, a home studio, office, or small business. Additionally, there is a separate and private 696 square foot one-bedroom, one-bathroom residential condo upstairs with its own entrance, effectively creating two units. The location provides convenient access to the free bus stop and grocery store. Outdoor activities are easily accessible with skiing, biking, hiking, and Nordic trails nearby. Off-street parking is included. The property features natural gas heat, low HOA dues, and low-maintenance. This property is suitable as a full-time residence, weekend getaway, business headquarters, or investment property.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.92
    Latitude
    38.8937

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    FAQs

    What type of property is this?
    Mixed-use property - Unique property with office space and residential condo in downtown.
    Where is this mixed-use property located?
    The property is located at 503 Red Lady Ave Crested Butte, CO.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Prime downtown Crested Butte location: Steps from the free bus stop, grocery store, and outdoor activities.; - Versatile layout: Features a separate 293 sq ft private office space with a ¾ bathroom downstairs and a 696 sq ft one-bedroom condo upstairs.; - Two separate units: Offers both residential and commercial/office space with private entrances.
    (970) 349-6691
    Request Owner's contact information
    503 Red Lady 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
    503 Red Lady Ave Crested Butte, CO 81224
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