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Mixed-Use Building with Residence
For Sale
$1,195,000

428 Elk Ave Unit B, Crested Butte, CO 81224

Commercial and residential zoning supports a storefront paired with an upstairs home and private patio.

Property Size2,099 SF
Price / SF$569.32
Days on Market60

Property Features for 428 Elk Ave Unit B

General Information

Standard status Active
Size 2,099 SF
Property subtype Commercial

Amenities

patio

Building Details

Year Built 1885
Buildings 1
Listing Agency: Signature Properties Ebner & Associates, LLC
Listed By: Jesse Ebner C · License #ER100017345
Source: Mountainmeadowrealestate
Added: Aug 9 Changed: Oct 3 Last Checked: Oct 5 at 7:19PM

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.

This downtown Crested Butte property pairs a ground-floor retail space of approximately 1,160 square feet with a residence above. The home offers approximately 930 square feet, two bedrooms, and a fenced patio on the east side of the building. The property dates to 1885 and is zoned for commercial and residential use.

The storefront is on Elk Avenue in the historic business district. Its current retail tenant has operated there for nearly 20 years.

Key Highlights

  • Approximately 1,160 square feet of ground‑floor retail space
  • Upstairs residence offers approximately 930 square feet and two bedrooms
  • Zoned for commercial and residential use

Property Analytics

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Current Use

Paradox Footwear Clothing & Fashion Store

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Garden Center Barber Shop Tanning Salon HVAC Service

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential zoning supports a storefront paired with an upstairs home and private patio.
Where is this mixed-use property located?
The property is located at 428 Elk Ave Unit B 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 ground‑floor retail space; Upstairs residence offers approximately 930 square feet and two bedrooms; Zoned for commercial and residential use
More about this property
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