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Mixed-Use Retail Building
For Sale
$1,195,000
Pending

428 Elk Avenue, Crested Butte, CO 81224

COMMERCIAL, Crested Butte, CO

Property Size2,099 SF
Days on Market9

Property Features for 428 Elk Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bathroom 2, Bathroom 1
Directions Located on the 400 block of Elk Avenue on the south side of the road.
Standard status Pending
Size 2,099 SF

Amenities

patio

Building Details

Year built 1885
Listing Agency: Signature Properties Ebner & Associates, LLC
Listed By: Jesse Ebner · License #ER100017345
Added: Aug 14 Changed: Aug 19 Last Checked: Aug 22 at 5:06PM
MLS# 838133

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1885, this mixed-use property combines a street-level retail area with a residential unit on the upper floor. The main level contains approximately 1,160 square feet of retail space, while the upstairs residence measures approximately 930 square feet and includes two bedrooms and two bathrooms. Commercial and residential zoning supports the building’s dual-purpose configuration.

The property is located at 428 Elk Avenue in Crested Butte’s historic Elk Avenue business district. Retail frontage faces the business district, and the residence includes a fenced east-side patio providing dedicated outdoor space. The property totals 2,099 square feet and is currently occupied by a retail tenant, with a separate residence above.

Key Highlights

  • 2,099‑square‑foot mixed‑use property at 428 Elk Avenue
  • Approximately 1,160 square feet of main‑level retail space
  • Approximately 930‑square‑foot upstairs residence with 2 bedrooms

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential zoning combines street-level retail with an upstairs two-bedroom residence and private patio space.
Where is this mixed-use property located?
The property is located at 428 Elk Avenue 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: 2,099‑square‑foot mixed‑use property at 428 Elk Avenue; Approximately 1,160 square feet of main‑level retail space; Approximately 930‑square‑foot upstairs residence with 2 bedrooms
More about this property
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