Commercial Sale · Active
Crested Butte, CO 81224
2 Baths · 2,099 Sq Ft
$1,195,000
Mixed Use
Property Type
1885
Year Built
$569
Price per Sq Ft
838133
MLS #
About This Property
Located in the heart of Crested Butte’s historic Elk Avenue business district, 428 Elk Avenue offers an exceptional opportunity to own a true mixed-use property in one of downtown’s most desirable locations. Zoned for both commercial and residential use, the building combines established retail space with a charming residence above, creating flexibility for an investor, business owner or someone looking to live and work in the center of Crested Butte. The main level features approximately 1,160 square feet of prime retail space with excellent Elk Avenue presence. The current retail tenant has operated a successful business here for nearly 20 years, a testament to the visibility, foot traffic and strength of this location.
Upstairs, a comfortable approximately 930-square foot, two bedroom residence is filled with classic Crested Butte character and offers the unique experience of living right in the middle of downtown. Step outside to the fenced east side of the property, where an inviting patio provides a private outdoor space just steps from Elk Avenue. Whether envisioned as an investment, an owner-operated business with housing above, or a combination of commercial and residential uses, 428 Elk Avenue captures the character and versatility that make downtown Crested Butte properties so special. Opportunities to own both commercial and residential space on Elk Avenue don’t come along often!
67 days on market
Listed by Jesse Ebner · Signature Properties Ebner & Associates, LLC · 970-901-2922
Property Details
| Property Type | Commercial Sale |
| Sub Type | Mixed Use |
| Status | Active |
| Price per Sq Ft | $569 |
| MLS # | 838133 |
| Days on Market | 67 |
| Full Baths | 1 |
| Half Baths | 1 |
| Year Built | 1885 |
| Annual Taxes | $8,845 |
| Tax Year | 2025 |
| State | CO |
| County | Gunnison |
| Zoning | Commercial,Other |
| Heating | Baseboard, Hot Water |
| Flooring | Carpet, Tile, Wood |
| Roof | Metal |
| Sewer | Public Sewer |
| Water Source | Public |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 9/24/2026 |
Back on market Source: Colorado Real Estate Network (CREN) #838133 |
— |
| 8/19/2026 |
Pending Source: Colorado Real Estate Network (CREN) #838133 |
— |
| 8/14/2026 |
Price change Source: Colorado Real Estate Network (CREN) #838133 |
$1,195,000 -11.5% $569/sqft |
| 8/14/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #838133 |
$1,350,000 +13.0% $643/sqft |
| 6/12/2026 |
Listing removed Source: Colorado Real Estate Network (CREN) #830270 |
— |
| 6/12/2026 |
Price change Source: Colorado Real Estate Network (CREN) #830270 |
$1,195,000 -7.7% $569/sqft |
| 4/27/2026 |
Price change Source: Colorado Real Estate Network (CREN) #830270 |
$1,295,000 +8.4% $617/sqft |
| 11/30/2025 |
Listed for sale Source: Colorado Real Estate Network (CREN) #830270 |
$1,195,000 $569/sqft |
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.
TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
“COPYRIGHT (2026) by COLORADO REAL ESTATE NETWORK” 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN)
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes 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. Please check with your local government agency for more information.
Thank you — a Mont Haus broker will be in touch shortly.