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    503 Red Lady Ave Crested Butte, CO 81224

    For Sale
    $799,000

    Multi-Use - Crested Butte, CO

    Property size:
    1,291 SF
    Days on Market:
    75
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 503 Red Lady Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,291 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 22, 2025

    MLS# 828687 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

    Mixed-Use Property in Downtown Crested Butte

    Located in the heart of downtown Crested Butte, this mixed-use property offers versatile layout, flexibility, and functionality. It features two private ground-floor office spaces and a 696 square foot one-bedroom, one-bathroom residential condo upstairs with its own entrance. One commercial space is 293 square feet with a ¾ bathroom, while the other is 302 square feet with a ½ bath. The commercial spaces are suitable for remote work, a home studio, office, small business, or rental investment. The two commercial spaces can be combined into a larger 595 sq ft space using the pre-existing connecting door. The residential unit is ideal for full-time residence and long-term rental. The property is located steps from the free bus stop and grocery store, providing effortless access to daily errands and commuting. Outdoor activities such as skiing, biking, hiking, and Nordic trails are easily accessible. Additional features include off-street parking, natural gas heat, low HOA dues, and low-maintenance. The property has a total size of 1291 square feet and sits on a 0 acre lot. The property is located at 503 Red Lady Avenue, Crested Butte, CO 81224.
    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 - Versatile mixed-use property with office spaces and residential condo in Crested Butte.
    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 $799,000.
    What are key features of this property?
    This property features: - Unbeatable downtown Crested Butte location, steps from the bus stop and grocery store, with easy access to outdoor activities.; - Versatile layout: Two ground-floor commercial spaces (293 sq ft with ¾ bath and 302 sq ft with ½ bath) plus a 696 sq ft one-bedroom residential condo.; - Flexibility for various uses: live, work, rent, or combine commercial spaces.
    (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

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    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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