39
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$6,995,000
Est. payment /mo
4 Baths
3,492 SqFt
New
228 Elk Avenue Crested Butte, CO 81224
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Key Details
Property Type Commercial
Sub Type Multi-Use w/Res
Listing Status Active
Purchase Type For Sale
Square Footage 3,492 sqft
Price per Sqft $2,003
Subdivision Crested Butte (Town Of)
MLS Listing ID 837410
Full Baths 1
Three Quarter Bath 1
Year Built 1882
Annual Tax Amount $32,105
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Multi-Use w/Res
Property Description
Some buildings simply occupy a place on Elk Avenue. Others help define it. For well over a century, 228 Elk Avenue has been intertwined into the daily life of Crested Butte. Built around 1882, this landmark property has welcomed generations of locals and visitors alike, from its early days as a neighborhood grocery store to its current role as the longtime home of McGill's, one of downtown's favorite breakfast and lunch destinations. Today, the opportunity extends well beyond the building itself. Included in the sale is the established McGill's restaurant, allowing a new owner to continue a successful business with a loyal customer base and strong local recognition. At the same time, the property's mixed-use zoning and highly visible Elk Avenue location create the freedom to reimagine the space with an entirely new concept, should a different vision take shape. Thoughtfully renovated in the mid-2000s, the building balances historic authenticity with modern functionality. Extensive structural and mechanical upgrades including electrical, plumbing, heating, foundation, roof, and drywall improvements were completed while preserving the character that makes the property so memorable. Original hardwood floors, restored architectural details, and timeless craftsmanship continue to tell the story of its past. Above the commercial space, a spacious two-bedroom, two-bath residence with a loft adds another layer of versatility. Whether used as an owner's retreat, employee housing, long-term rental, or live-work residence, the upper level offers flexibility that is increasingly rare in downtown Crested Butte. Positioned in the center of one of Colorado's most celebrated mountain towns, just steps from restaurants, galleries, boutiques, and year-round community events, 228 Elk Avenue offers something that cannot be replicated: an authentic piece of Crested Butte's history paired with the opportunity to shape its future. Whether preserving a beloved local institution or introducing the next great chapter on Elk Avenue, this is a property where history, community, and possibility come together.
Location
State CO
County Gunnison
Interior
Heating Boiler, In-Floor Radiant
Flooring Wood
Furnishings Partially Furnished
Exterior
Garage Spaces 2.0
Utilities Available Electric, Internet, Natural Gas, Sanitary Sewer, Water
Roof Type Metal
Building
Story 3
Foundation Concrete
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by LIV Sotheby's International Realty - CB
NEARBY SCHOOL & BUSINESS
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