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Two-Story Mixed-Use Property
For Sale
$1,350,000

428 ELK Avenue Unit B, Crested Butte, CO 81224

Main-level retail space is paired with an upstairs residence and a fenced patio area.

Property Size2,099 SF
Price / SF$643.16
Days on Market280

Property Features for 428 ELK Avenue Unit B

General Information

Standard status Active
Size 2,099 SF
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $6,959

Amenities

3
Business,Mixed Use
Parking.
Off Street, Assigned Parking Space, Paved Driveway.
irregular, Less than 1/2

Building Details

Year Built 1885
Stories 2
Listing Agency: Bluebird Real Estate, LLC
Listed By: Steven Mills
Source: Xome
Added: Nov 23, 2025 Changed: Aug 30 Last Checked: Aug 30 at 4:39AM

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, LLC

Investment Insights

Based on property information with market context.

This historic mixed-use property, built in 1885, combines commercial and residential components within a two-story configuration. The main floor provides 1160 +/- square feet of retail space, while the second floor contains a 930 +/- square foot residence with 2 bedrooms and 1 bathroom. A fenced patio extends along the east side of the property.

The building is positioned in Crested Butte’s historic Elk Avenue business district. The retail space has been occupied by a business for nearly 20 years. The property also includes an assigned off-street parking space, paved driveway access, and an irregular lot measuring less than 1/2 acre.

Key Highlights

  • 1160 +/- square feet of main‑floor retail space
  • 930 +/- square foot second‑floor residence
  • 2‑bedroom, 1‑bathroom residential component

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 Retail in West region

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

What type of property is this?
Mixed-use property - Main-level retail space is paired with an upstairs residence and a fenced patio area.
Where is this mixed-use property located?
The property is located at 428 ELK Avenue Unit B Crested Butte, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1160 +/- square feet of main‑floor retail space; 930 +/- square foot second‑floor residence; 2‑bedroom, 1‑bathroom residential component
More about this property
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