Commercial Sale · Active

525 Red Lady

Crested Butte, CO 81224

6 Baths · 5,855 Sq Ft

$2,999,000

Mixed Use

Property Type

1997

Year Built

$512

Price per Sq Ft

$2

HOA Fee

836203

MLS #

About This Property

Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity.

These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities.

With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.

124 days on market

Listed by Caleb Brewer · Peak Property Management & Sales · 970-349-6339

Last updated: 7/6/2026 11:03 AM · Source: Colorado Real Estate Network (CREN), MLS#: 836203

Property Details

Key Details

Property Type Commercial Sale
Sub Type Mixed Use
Status Active
Price per Sq Ft $512
Subdivision Crested Butte (Town of)
MLS # 836203
Days on Market 124
Full Baths 6

More Details

Year Built 1997
HOA Fee $2
Annual Taxes $10
Tax Year 2024
State CO
County Gunnison
Zoning Commercial

Interior

Heating Baseboard, Fireplace(s)
Flooring Carpet, Laminate, Tile

Exterior & Parking

Parking Features Off Street, 1 per unit

Building & Lot

Water Source Public
New Construction No

Location

Price History

DateEventPrice
6/18/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #836203
$2,999,000 $512/sqft
6/7/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #835725
$2,999,000 -3.1% $512/sqft
11/1/2025 Listing removed
Source: Colorado Real Estate Network (CREN) #829584
—
10/28/2025 Listed for sale
Source: Colorado Real Estate Network (CREN) #829584
$3,095,000 $529/sqft

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Listing information last updated July 6, 2026 at 11:03 AM.

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