Southwest-Style Mixed-Use
New
For Sale
$780,000
116 S Alder, Crestone, CO 81131
Two-level commercial property with studio apartments, multiple suites, and commercial multi-use zoning in downtown Crestone.
Property Size6,600 SF
Price / SF$118.18
Days on Market4
Property Features for 116 S Alder
General Information
Standard status
Active
Size
6,600 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial Multi-Use
Units
Unit Mix
8 x studio
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$12,338
Building Details
Building Size
6,600 SF
Year Built
2002
Buildings
1
Stories
2
Units
15
Construction
Southwest-style
Tenancy
Multi
Listing Agency:
Crestone Peak Realty
(719) 920-7174
Listed By:
Bonita Day · License #100107837
(719) 920-7174
Source:
Coloradopartners
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 13 at 12:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crestone Peak Realty
Investment Insights
Based on property information with market context.
Built in 2002, the Sangre De Cristo Inn is an approximately 6,600-square-foot mixed-use building with eight studio apartments upstairs and multiple commercial suites at street level. The property combines residential and commercial occupancy within a Southwest-style structure, with current commercial users representing wellness, yoga, beauty, retail, real estate, massage, and other professional services. Residential leasing includes both long-term and month-to-month arrangements.
The property is located at 116 S Alder in Crestone’s commercial district, within walking distance of local shops, galleries, restaurants, and community amenities. Front parking and additional street parking accommodate the building’s residential and commercial functions. Commercial Multi-Use zoning supports the property’s existing configuration.
The property is located at 116 S Alder in Crestone’s commercial district, within walking distance of local shops, galleries, restaurants, and community amenities. Front parking and additional street parking accommodate the building’s residential and commercial functions. Commercial Multi-Use zoning supports the property’s existing configuration.
Key Highlights
- Approximately 6,600 square feet of mixed‑use space
- Eight studio apartments on the upper level
- Multiple commercial suites on the ground floor
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 81131, CO
1,510
Population
794
Households
1.9
Avg Household Size
55
Median Age
51%
College-Educated
95%
High-School Grad
373.0 sq mi
ZIP Area
4
Density / Sq Mi
$60,625
Median Household Income
$33,403
Median Earnings
$1,259
Median Rent
$345,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property with studio apartments, multiple suites, and commercial multi-use zoning in downtown Crestone.
Where is this mixed-use property located?
The property is located at 116 S Alder Crestone, CO.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Approximately 6,600 square feet of mixed‑use space; Eight studio apartments on the upper level; Multiple commercial suites on the ground floor
