Downtown Mixed-Use Plaza with
For Sale
$6,500,000
318 Elk Avenue, Crested Butte, CO 81224
Mixed-use building with commercial suites and studio apartments, plus a membrane roof system and a professionally maintained elevator.
Property Size13,770 SF
Price / SF$472.04
Days on Market60
Property Features for 318 Elk Avenue
General Information
Standard status
Active
Size
13,770 SF
Property subtype
Commercial/Industrial
Occupancy
100%
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$21,365
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Coldwell Banker Mountain Properties
(970) 209-1998
Listed By:
Letitia McElroy Swan
(970) 209-1998
Source:
Exitrealty
Added: Jul 4
Changed: Aug 25
Last Checked: Sep 1 at 6:03PM
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
Investment Insights
Based on property information with market context.
Butte Plaza is a downtown mixed-use property featuring 10 commercial suites and 8 residential studio apartments. The building totals approximately 13,770 rentable square feet and is configured for diversified, leased income through 18 occupied units.
Commercial tenants reimburse common operating expenses and commercial property taxes. The building has benefited from a recently installed membrane roof system, recent exterior painting, and a professionally maintained elevator, supporting reduced near-term capital requirements.
Located at 318 Elk Ave in Crested Butte, the property provides a substantial downtown mixed-use footprint with on-site commercial and residential components under one roof.
Commercial tenants reimburse common operating expenses and commercial property taxes. The building has benefited from a recently installed membrane roof system, recent exterior painting, and a professionally maintained elevator, supporting reduced near-term capital requirements.
Located at 318 Elk Ave in Crested Butte, the property provides a substantial downtown mixed-use footprint with on-site commercial and residential components under one roof.
Key Highlights
- Mixed‑use building in downtown Crested Butte with approximately 13,770 rentable SF
- 10 commercial suites occupied by established local businesses and 8 residential studio apartments (18 leased units total)
- Commercial leases reimburse common operating expenses and commercial property taxes
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
832
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial suites and studio apartments, plus a membrane roof system and a professionally maintained elevator.
Where is this mixed-use property located?
The property is located at 318 Elk Avenue Crested Butte, CO.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Mixed‑use building in downtown Crested Butte with approximately 13,770 rentable SF; 10 commercial suites occupied by established local businesses and 8 residential studio apartments (18 leased units total); Commercial leases reimburse common operating expenses and commercial property taxes
