116 S Alder, Crestone, CO 81131
Saguache County
Key Facts
Description
Investment opportunity in the heart of Crestone's commercial district. The Sangre De Cristo Inn is a mixed-use income property comprising approximately 6,600 square feet with eight studio apartments on the upper level and multiple commercial suites on the ground floor. This iconic Southwest-style building serves as a hub for local businesses and wellness-oriented enterprises, creating a unique and established presence in downtown Crestone. The property benefits from diversified income sources through a combination of residential and commercial tenants. Current commercial occupants include wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional service providers. Residential units are occupied under a mix of long-term and month-to-month rental arrangements, providing flexibility for future management strategies and rental optimization. The building's distinctive architecture, central location, and mixed-use configuration position it well for continued demand from both residential and commercial tenants. Located within walking distance of Crestone's shops, galleries, restaurants, and community amenities, the property enjoys excellent visibility and accessibility. Front parking and ample street parking support both commercial and residential use. For investors seeking a foothold in Crestone's unique and growing market, the Sangre De Cristo Inn offers a rare combination of existing income, tenant diversity, mixed-use flexibility, and future value-add potential through operational efficiencies, leasing strategies, and continued community growth. Property requires 48 hour minimum notice to show. Call for more information or to schedule a private tour today!
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Style
Spanish
Year Built
2002
Living Area
6,600 sq ft
Parking Spaces
10
Zoning
Commercial Multi-Use
Days on Market
4
MLS® Listing#
4230953
Property Features
Exterior
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$12,338
Tax year 2025
Parcel Number
460407337004
Directions
Head east on County Rd T into the Town of Crestone. Continue onto W Galena Ave 0.2 mi. Turn right onto Alder St Destination will be on the right.
Affordability Calculator
$156,000
Estimated monthly payment
$4,151/mo
Principal $624,000 · Est. interest $870,536 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Crestone, CO
- $347,619
- Median Listing Price
- 103
- Median Days on Market
- 1,560
- Median Sq Ft
- $250
- Median Price / Sq Ft
- 84
- Active Listings
- This home’s price is 124% above the area median.
- Its price per sq ft is 53% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Crestone, CO.
Location
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Points of Interest in Crestone, CO
Showing the Crestone area map.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5 N Baca Grant Way, Crestone, CO | $620,000 | 4 | 2 | 2,916 |
| 5 N Baca Grant Way, Crestone, CO | $620,000 | 4 | 2 | 2,916 |
| 790 Birch Rd, Crestone, CO | $639,000 | 2 | 2 | 1,615 |
| 790 Birch Road, Crestone, CO | $639,000 | 2 | 2 | 1,615 |
| 2826 N Carefree Way, Crestone, CO | $649,000 | 3 | 4 | 2,166 |
| 2826 N Carefree Way, Crestone, CO | $649,000 | 3 | 4 | 2,166 |
Moving Cost Estimate
EXIT Agents in Crestone
Listing Courtesy: Crestone Peak Realty - bonita@crestonepeakrealty.com,719-920-7174
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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