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Historic Mixed-Use Building
For Sale
Contact for pricing
Pending

129 Elk Ave, Crested Butte, CO 81224

Two-level property combines restaurant, bar, hotel rooms, and office space in a downtown setting.

Property SizeContact for details
Days on Market141

Property Features for 129 Elk Ave

General Information

Standard status Pending
Property subtype Retail, Office, Mixed Use

Additional Details

Patio Yes

Building Details

Year Built 1882
Buildings 1
Stories 2
Listing Agency: LIV Sotheby's International Realty - CB
Listed By: Cathy Benson · License #CO
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:57PM

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 LIV Sotheby's International Realty - CB

Investment Insights

Based on property information with market context.

Built in 1882, this two-level mixed-use property combines several operating components within one historic building. The first floor contains a restaurant, bar, remodeled commercial kitchen, and patio positioned alongside Coal Creek. The upper level includes seven individually decorated Victorian guest rooms, three private full bathrooms, an additional communal full bath, and office space.

The property is located at 129 Elk Ave in downtown Crested Butte, with Coal Creek running beside the structure. A free town shuttle stop is directly across the street, providing access to the ski area. Neighboring bars and restaurants are also within the immediate downtown setting.

Key Highlights

  • Built in 1882 and identified as one of Crested Butte’s first hotels
  • Seven individually decorated Victorian guest rooms on the second floor
  • Restaurant, bar, and remodeled kitchen occupy the first floor

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Auto Repair Shop Garden Center Grocery & Convenience Store Veterinary Clinic Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

823
Businesses Nearby

Demographics for 81224, CO

3,941
Population
2,459
Households
1.6
Avg Household Size
41
Median Age
73%
College-Educated
100%
High-School Grad
262.3 sq mi
ZIP Area
15
Density / Sq Mi
$97,535
Median Household Income
$46,511
Median Earnings
$1,408
Median Rent
$862,100
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines restaurant, bar, hotel rooms, and office space in a downtown setting.
Where is this mixed-use property located?
The property is located at 129 Elk Ave Crested Butte, CO.
What are key features of this property?
This property features: Built in 1882 and identified as one of Crested Butte’s first hotels; Seven individually decorated Victorian guest rooms on the second floor; Restaurant, bar, and remodeled kitchen occupy the first floor
(970) 209-5015 Call to check price and availability
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