327 Elk Avenue, Crested Butte, CO 81224
327 Elk Avenue, Crested Butte, CO 81224
327 Elk Avenue, Crested Butte, CO 81224
327 Elk Avenue, Crested Butte, CO 81224
327 Elk Avenue, Crested Butte, CO 81224
327 Elk Avenue, Crested Butte, CO 81224
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Kelsey Loftis

Kelsey Loftis

+1(970) 784-6768
$ 2,300,000
Est. payment | /mo

4 Baths

3,020 SqFt

Save Virtual Tour
$ 2,300,000
Est. payment | /mo
Save Virtual Tour

4 Baths

3,020 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Use w/Res

Listing Status Active

Purchase Type For Sale

Square Footage 3,020 sqft

Price per Sqft $761

MLS Listing ID 835696

Full Baths 3

Half Baths 1

Year Built 1890

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi-Use w/Res

Property Description

327 Elk Avenue is an irreplaceable piece of Crested Butte history — a lovingly restored historic building on the town's most iconic street, fully leased and producing income from three distinct spaces. The owners have been thoughtful stewards of the property, investing in a complete commercial renovation, new roof, new exterior stairs, landing and back deck, new furnace, and numerous additional updates throughout. The building is in excellent condition and ready to perform for its next owner. The 908 square foot ground-floor commercial space commands some of the finest Elk Avenue frontage in town, with full renovation including all new electrical, plumbing, insulation, and systems. Upstairs, a fully remodeled four-bedroom, two-bath apartment offers granite countertops, stainless appliances, gas fireplace, Lutron lighting, built-in sound system, commercial grade WiFi, and a smart home system. At the rear of the building, a one-bedroom apartment with full kitchen, generous closet, and its own washer and dryer rounds out the income picture. Two parking spaces in the rear and sweeping views of Red Lady, Gothic, and White Mountain add to the appeal. You could owner-occupy the residential while the commercial and second unit generate income, convert to a boutique hotel or lodge with conditional use approval, or pursue condominium conversion with each unit sold separately. Few properties in Crested Butte offer this many paths forward. Three solid income streams. A lovingly cared for historic building. One of the best addresses in Crested Butte.

Location

State CO

County Gunnison

Interior

Heating Electric Baseboard, Fireplace, Forced Air

Flooring Laminate, Tile, Wood

Furnishings Partially Furnished

Exterior

Parking Features Off Street, 2-10 Total Spaces

Utilities Available Electric, Internet, Natural Gas, Sanitary Sewer, Water

Roof Type Metal

Building

Story 2

Foundation Concrete, Crawl Space

Sewer Public Sewer Installed

Water Public

New Construction No

Others

Virtual Tour https://media.listivo.com/videos/019ead4a-3794-7348-b15b-398a8e6dd5df?v=99

Colorado Real Estate Network (CREN) + Sold
Listed by LIV Sotheby's International Realty - CB

Nearby Locations

Kelsey Loftis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 784-6768

kelseyloftis@gmail.com

PO Box 7053 Gunnison, CO 81230

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327 Elk Avenue