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Mixed-Use Income Building
For Sale
Contact for pricing
Pending

427 Red Lady Avenue, Crested Butte, CO 81224

Commercial space on the first floor includes two separately metered office areas with dedicated garage bays.

Property SizeContact for details
Days on Market136

Property Features for 427 Red Lady Avenue

General Information

Standard status Pending
Property subtype Mixed Use

Units

Multifamily Units 2
Office Units 2

Building Details

Stories 2
Listing Agency: Bluebird Real Estate
Listed By: Maggie Dethloff · License #CO 40022920
Source: Crexi
Added: Apr 23 Changed: Aug 26 Last Checked: Sep 1 at 1:38AM

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 Bluebird Real Estate

Investment Insights

Based on property information with market context.

This mixed-use income building features two apartment units on the second level and office space on the first floor. The first floor is currently divided into two separately metered office spaces, and each office includes its own garage bay. The street-side office space could be divided into smaller, separate units if desired.

On the second level, there are two two-bedroom apartments described as sunny and spacious, and each includes a private balcony and a large covered storage space. The living units are deed restricted, and details on the long-term rental terms are available by request.

Overall, the property combines multiple income-producing components with a flexible first-floor office layout and residential units with outdoor and storage features.

Key Highlights

  • Commercial building with two 2‑bedroom apartments on the second level
  • First‑floor space includes 2 separately metered office areas, each with its own garage bay
  • Street‑side office area could be divided into smaller or separate units if desired

Property Analytics

Current Use

Duplexes

Lease Details

2
Office units
2
Residential units

Location Intelligence

Trade Area within ½ mile

5
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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Commercial space on the first floor includes two separately metered office areas with dedicated garage bays.
Where is this duplex located?
The property is located at 427 Red Lady Avenue Crested Butte, CO.
What are key features of this property?
This property features: Commercial building with two 2‑bedroom apartments on the second level; First‑floor space includes 2 separately metered office areas, each with its own garage bay; Street‑side office area could be divided into smaller or separate units if desired
More about this property
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