228 Elk Ave Crested Butte, CO 81224
Prime location restaurant and apartment in Crested Butte's historic district.
Lot size:
0.07 Acres- Added:
- Mar 12, 2024
- Days on Market:
- 779
- Last Refresh:
- Jan 20 at 9:03 am
Property Features for 228 Elk Ave
General Information
- Standard status
- Active
- Lot size
- 0.07 Acres
Listing agent Christopher Kopf (970) 209-5405
Listing office Coldwell Banker Mountain Properties (970) 209-5405
Listing date Mar 12, 2024
Source Exprealty
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 Coldwell Banker Mountain Properties
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mc Gill's
Restaurant
UNIQUE WEAR
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Crested Butte
- County
- Gunnison
- State
- Colorado
- Longitude
- -106.986
- Latitude
- 38.8696
Nearby Similar for Sale
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.
