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Mixed-Use Property with Apartment
For Sale
$1,600,000

81 Gillaspey Avenue, Crested Butte, CO 81224

Ground-floor retail space is paired with an upstairs two-bedroom apartment.

Property Size2,621 SF
Price / SF$610.45
Days on Market124

Property Features for 81 Gillaspey Avenue

General Information

Standard status Active
Size 2,621 SF
Property subtype Commercial/Industrial

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $7,156

Building Details

Year Built 1998
Buildings 1
Tenancy Multi
Listing Agency: LIV Sotheby's International Realty - CB
Listed By: Betsy Wiebe
Source: Exitrealty
Added: Apr 30 Changed: Aug 30 Last Checked: Aug 30 at 3:38PM

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 LIV Sotheby's International Realty - CB

Investment Insights

Based on property information with market context.

Built in 1998, this 2,621-square-foot mixed-use property combines ground-floor retail with residential space above. The lower level currently houses a liquor store, while the upper floor includes a two-bedroom apartment with a comfortable living arrangement.

The property is located at 81 Gillaspey Avenue in Crested Butte South’s commercial district, near restaurants and community events. The residential component is described as suitable for full-time occupancy, employee housing, or rental use, creating flexibility within the existing configuration.

Key Highlights

  • 2,621‑square‑foot mixed‑use property
  • Ground floor currently houses a liquor store
  • Upstairs two‑bedroom apartment

Property Analytics

Current Use

Red Mountain Liquors (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Garden Center Furniture & Home Goods Cafe & Coffee Shop Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

105
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail space is paired with an upstairs two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 81 Gillaspey Avenue Crested Butte, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2,621‑square‑foot mixed‑use property; Ground floor currently houses a liquor store; Upstairs two‑bedroom apartment
More about this property
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