116 S Alder, Crestone, CO 81131
116 S Alder, Crestone, CO 81131
116 S Alder, Crestone, CO 81131
116 S Alder, Crestone, CO 81131
116 S Alder, Crestone, CO 81131
116 S Alder, Crestone, CO 81131
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Jonathan Boxer

Jonathan Boxer

+1(970) 948-4802
$ 780,000
Est. payment | /mo

6,600 SqFt

Save
$ 780,000
Est. payment | /mo
Save

6,600 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $118

MLS Listing ID 4230953

Style Spanish

HOA Y/N No

Year Built 2002

Annual Tax Amount $12,338

Tax Year 2025

Property Sub-Type Multi Family

Source recolorado

Property 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!

Location

State CO

County Saguache

Zoning Commercial Multi-Use

Interior

Fireplace N

Exterior

Exterior Feature Balcony

Utilities Available Electricity Connected, Phone Connected, Propane, Sewer Connected

Roof Type Membrane

Total Parking Spaces 10

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Frame,Stucco

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

REColorado (REColorado MLS)
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Crestone Peak Realty

NEARBY SCHOOLS & PROPERTIES

Jonathan Boxer

+1(970) 948-4802

jonathan.boxer@monthaus.com

600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States

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116 S Alder