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Mixed-Use Property with Retail and Residence
For Sale
$1,195,000
Pending

428 Elk Ave Unit 2, Crested Butte, CO 81224

Commercial and residential zoning supports a two-level downtown configuration with retail space, a two-bedroom residence, and a private patio.

Property Size2,099 SF
Days on Market16

Property Features for 428 Elk Ave Unit 2

General Information

Standard status Pending
Size 2,099 SF
Property subtype Commercial

Building Details

Year Built 1885
Buildings 1
Listing Agency: Signature Properties Ebner & Associates, LLC
Listed By: Jesse Ebner C · License #9460
Source: Mountainmeadowrealestate
Added: Aug 14 Changed: Aug 29 Last Checked: Aug 25 at 7:14AM

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 Signature Properties Ebner & Associates, LLC

Investment Insights

Based on property information with market context.

Built in 1885, this mixed-use property combines approximately 1,160 square feet of ground-level retail space with an approximately 930-square foot residence above. The upper level includes two bedrooms and retains classic Crested Butte character, while the east side of the property has a fenced patio for private outdoor space.

The property is located at 428 Elk Avenue in Crested Butte’s historic business district, placing the building within the downtown commercial setting described for Elk Avenue. Commercial and residential zoning accommodates the existing combination of retail and housing. The configuration supports ownership of both spaces in one building, with the commercial area and residence arranged on separate levels.

Key Highlights

  • Approximately 1,160 square feet of main‑level retail space
  • Approximately 930‑square foot, two bedroom residence above
  • Zoned for both commercial and residential use

Property Analytics

Current Use

Paradox Footwear Clothing & Fashion Store

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

832
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential zoning supports a two-level downtown configuration with retail space, a two-bedroom residence, and a private patio.
Where is this mixed-use property located?
The property is located at 428 Elk Ave Unit 2 Crested Butte, CO.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 1,160 square feet of main‑level retail space; Approximately 930‑square foot, two bedroom residence above; Zoned for both commercial and residential use
More about this property
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