Historic Mixed-Use
For Sale
Contact for pricing
228 Elk Avenue, Crested Butte, CO 81224
Restaurant and upper-level residence combine in a renovated downtown commercial property with mixed-use zoning.
Property Size3,492 SF
Price / SF$2,003
Days on Market14
Property Features for 228 Elk Avenue
General Information
Standard status
Active
Size
3,492 SF
Property subtype
Retail, Mixed Use
Zoning
Mixed Use
Additional Details
Business Included
Yes
Building Details
Year Built
1882
Year Renovated
2005
Listing Agency:
Betsey Wiebe - LIV
Listed By:
Betsy Wiebe · License #100085369
Source:
Crexi
Added: Jul 25
Changed: Aug 4
Last Checked: Aug 7 at 1:06AM
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 Betsey Wiebe - LIV
Investment Insights
Based on property information with market context.
Built in 1882, this 3,492-square-foot mixed-use property combines an established restaurant with an upper-level residence. The sale includes McGill’s, a breakfast and lunch restaurant occupying the commercial portion, along with a two-bedroom, two-bath residence and loft above. Mixed Use zoning supports continued commercial and residential use.
Renovations completed in the mid-2000s included structural and mechanical work involving the electrical, plumbing, heating, foundation, roof, and drywall systems. Original hardwood floors and restored architectural features remain part of the building’s character. The property is located at 228 Elk Avenue in Crested Butte, near restaurants, galleries, boutiques, and community events.
The configuration provides a combination of operating restaurant space and residential accommodation within a historic building. The upper level may function as an owner’s residence, employee housing, long-term rental, or live-work space, as supported by the existing layout.
Renovations completed in the mid-2000s included structural and mechanical work involving the electrical, plumbing, heating, foundation, roof, and drywall systems. Original hardwood floors and restored architectural features remain part of the building’s character. The property is located at 228 Elk Avenue in Crested Butte, near restaurants, galleries, boutiques, and community events.
The configuration provides a combination of operating restaurant space and residential accommodation within a historic building. The upper level may function as an owner’s residence, employee housing, long-term rental, or live-work space, as supported by the existing layout.
Key Highlights
- 3,492‑square‑foot mixed‑use property at 228 Elk Avenue, Crested Butte, CO 81224
- Built in 1882 with original hardwood floors and restored architectural details
- Sale includes McGill’s breakfast and lunch restaurant
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and upper-level residence combine in a renovated downtown commercial property with mixed-use zoning.
Where is this mixed-use property located?
The property is located at 228 Elk Avenue Crested Butte, CO.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 3,492‑square‑foot mixed‑use property at 228 Elk Avenue, Crested Butte, CO 81224; Built in 1882 with original hardwood floors and restored architectural details; Sale includes McGill’s breakfast and lunch restaurant
