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$ 1,100,000
Est. payment | /mo
1 Bath
930 SqFt
$ 1,100,000
Est. payment | /mo
1 Bath
930 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 930 sqft
Price per Sqft $1,182
MLS Listing ID 834730
Half Baths 1
Year Built 1880
Tax Year 2025
Property Sub-Type Multi-Use
Property Description
Some buildings don't just occupy a town — they define it. 218 Maroon Avenue is one of them. Situated on the banks of Coal Creek in the heart of downtown Crested Butte, 218 Maroon Avenue is a multi-tenant property with deep historical roots and a walkable, central location that no new construction could replicate. The property includes four units on a NNN lease structure, keeping owner expenses minimal. The current rent roll balances stability with opportunity: Units A, B, and D are anchored by Butte Bagels — a Crested Butte institution in its own right — under a lease running through June 2029, providing reliable long-term income from day one. Unit C, occupied by a Keller Williams real estate office through October 2026, offers opportunity for owner use, repositioning to a new tenant, or continued tenancy. This landmark property along Coal Creek carries more than a century of Crested Butte's most defining chapters within its legendary walls. Its story began on Elk Avenue, where generations of locals settled into the chair of Mr. Boyd for a haircut and conversation — the kind of unhurried ritual that once anchored small-town life. The charming property has worn many hats over the years, including a sales office for the Crested Butte ski resort in the 1960s, then home to the Crested Butte Chronicle and later the Crested Butte Pilot newspaper. When the owner threatened to erase it from Elk Avenue entirely, the community pushed back. Builder Fritz Diether and Mitch Evans answered the call, relocating the structure in 1987 — along with two other historic properties and the residence from Union Congregational Church — to its current home along the Coal Creek steambank, just behind the Post Office. What emerged was an intimate, pedestrian-scaled gathering place locals would come to affectionately call Dietherville: a small village of saved buildings that became one of the town's most beloved landmarks. As Diether himself said of the effort, "Crested Butte doesn't have that many old buildings left to restore. Their value is that they're a precious commodity." That philosophy lives on in this rare commercial investment opportunity. For a buyer who understands that place has value, that history compounds like no other asset, and that Crested Butte's authenticity is precisely what makes it irreplaceable — this is that opportunity.
Location
State CO
County Gunnison
Interior
Heating Electric Baseboard
Flooring Laminate, Other, Wood
Furnishings Unfurnished
Exterior
Utilities Available Electric, Internet, Natural Gas, Sanitary Sewer, Water
Waterfront Description Creek
Roof Type Metal
Building
Story 1
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by LIV Sotheby's International Realty - CB
Nearby Locations
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