327 Elk Avenue, Crested Butte, CO 81224
Gunnison County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1890
Living Area
3,020 sq ft
Lot Size
0.07 acres
MLS® Listing#
835696
Property Features
Heating
Flooring
Basement
Parking
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$12,462
Tax year 2025
Parcel Number
325503110011
Directions
From CB 4 Way - Head west on Elk Ave approximately 0.2 miles. 327 Elk Ave will be on the right side of the street just past the intersection ofFourth Street.
Affordability Calculator
$460,000
Estimated monthly payment
$12,242/mo
Principal $1,840,000 · Est. interest $2,566,964 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Crested Butte, CO
- $1,000,000
- Median Listing Price
- 89
- Median Days on Market
- 1,470
- Median Sq Ft
- $958
- Median Price / Sq Ft
- 247
- Active Listings
- This home’s price is 130% above the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Crested Butte, CO.
Location
Points of Interest in Crested Butte, CO
Showing the Crested Butte area map.
Nearby Schools
Crested Butte Elementary School
Elementary · 0.5 mi away
Little Red Schoolhouse
Elementary · 6.7 mi away
Marble Charter School
School · 17.9 mi away
Gunnison Middle School
Secondary · 22.0 mi away
Lake School
School · 22.1 mi away
Gunnison High School
Secondary · 22.4 mi away
Seasons Schoolhouse
School · 22.6 mi away
Aspen Country Day School
Secondary · 22.6 mi away
Aspen High School
Secondary · 23.4 mi away
Aspen School District
Elementary · 23.4 mi away
Aspen Elementary School
Elementary · 23.4 mi away
Aspen Middle School
Secondary · 23.4 mi away
Aspen Mountain Tots
School · 23.9 mi away
Little Red School House
Elementary · 24.0 mi away
Aspen Community School
Elementary · 29.0 mi away
Paonia Elementary School
Elementary · 32.8 mi away
Paonia High School
Secondary · 33.1 mi away
Basalt High School
Secondary · 33.7 mi away
Basalt Middle School
Secondary · 34.4 mi away
Basalt Elementary School
Elementary · 34.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 602 & 604 Fourth Street, Crested Butte, CO | $1,650,000 | 5 | 4 | 2,163 |
| 111 Alpine Court, Crested Butte, CO | $1,650,000 | 3 | 3 | 2,064 |
| 825 Whiterock Avenue, Crested Butte, CO | $1,685,000 | 3 | 4 | 1,523 |
| 67 Paradise Road, Mt. Crested Butte, CO | $1,695,000 | 4 | 3 | 2,289 |
| 223 Sopris Avenue, Crested Butte, CO | $1,695,000 | 2 | 2 | 1,218 |
| 180 Elk Valley Road 110, Crested Butte, CO | $1,700,000 | 3 | 3 | 2,204 |
Moving Cost Estimate
EXIT Agents in Crested Butte
Listing Courtesy: LIV Sotheby's International Realty - CB - C: 970-209-9004
FULL CREN Disclaimer
Real Estate listings held by companies other than LIV Sotheby's International Realty - CB contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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