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228 Elk Ave Crested Butte, CO 81224

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For Sale
$7,250,000

Prime location restaurant and apartment in Crested Butte's historic district.

Lot size:
0.07 Acres

Property Features for 228 Elk Ave

General Information

Standard status
Active
Lot size
0.07 Acres

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Listing Contact
Christopher Kopf
Source: Exprealty

Listing Agency: Coldwell Banker Mountain Properties Listing Agent: Christopher Kopf

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Historic Crested Butte Restaurant Building

The McGills Restaurant Building, constructed around 1893, is located in the center of Crested Butte on Elk Avenue. Originally the Town's grocery store run by Tony and Elanor Stephanic until 1988, the building underwent a major renovation in 2005. This renovation included foundational repairs, new electrical, heating, plumbing, and drywall. The original floors were removed, refinished, and reinstalled. A new roof was installed at that time and redone in 2016. Since the remodel, the first floor has been occupied by McGills Restaurant, a breakfast and lunch establishment. The second floor features a 2-bedroom, 2-bath apartment with a loft, currently rented on a month-to-month basis. Situated only 50 feet from the center of town at 3rd and Elk, 228 Elk commands a central, high-traffic location within the Town's historic district. In addition to restaurant use, general retail business opportunities are permitted.
Location Intelligence

Current Use by Public Records

Mc Gill's Breakfast Restaurant UNIQUE WEAR Clothing Store

Suggested Use

Auto Repair Shop Wholesale Shop Dental Office Nail Salon Department Store Garden Center Building Supply Storage Facility HVAC Service Convenience Store

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

Location Insight

  • Map
  • Local Demand
City
Crested Butte
County
Gunnison
State
Colorado
Longitude
-106.9861703
Latitude
38.8695562

FAQs

What type of property is this?
Conventional restaurant - Prime location restaurant and apartment in Crested Butte's historic district.
Where is this conventional restaurant located?
The property is located at 228 Elk Ave Crested Butte, CO.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: - Prime Location: Centrally located on Elk Avenue with high visibility and foot traffic.; - Turnkey Restaurant Opportunity: First floor operates as a successful breakfast and lunch restaurant, offering immediate income.; - Renovated Historic Building: Major renovation in 2005, with roof redone in 2016.
More about this property
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