228 Elk Avenue,Crested Butte, CO 81224
Crested Butte, CO 81224
Description
Some buildings simply occupy a place on Elk Avenue. Others help define it. For well over a century, 228 Elk Avenue has been intertwined into the daily life of Crested Butte. Built around 1882, this landmark property has welcomed generations of locals and visitors alike, from its early days as a neighborhood grocery store to its current role as the longtime home of McGill's, one of downtown's favorite breakfast and lunch destinations. Today, the opportunity extends well beyond the building itself. Included in the sale is the established McGill's restaurant, allowing a new owner to continue a successful business with a loyal customer base and strong local recognition. At the same time, the property's mixed-use zoning and highly visible Elk Avenue location create the freedom to reimagine the space with an entirely new concept, should a different vision take shape. Thoughtfully renovated in the mid-2000s, the building balances historic authenticity with modern functionality. Extensive structural and mechanical upgrades including electrical, plumbing, heating, foundation, roof, and drywall improvements were completed while preserving the character that makes the property so memorable. Original hardwood floors, restored architectural details, and timeless craftsmanship continue to tell the story of its past. Above the commercial space, a spacious two-bedroom, two-bath residence with a loft adds another layer of versatility. Whether used as an owner's retreat, employee housing, long-term rental, or live-work residence, the upper level offers flexibility that is increasingly rare in downtown Crested Butte. Positioned in the center of one of Colorado's most celebrated mountain towns, just steps from restaurants, galleries, boutiques, and year-round community events, 228 Elk Avenue offers something that cannot be replicated: an authentic piece of Crested Butte's history paired with the opportunity to shape its future. Whether preserving a beloved local institution or introducing the next great chapter on Elk Avenue, this is a property where history, community, and possibility come together.
Details
| MLS # | 837410 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1882 |
| Days On Site | 30 |
| Listing Provided By | LIV Sotheby's International Realty - CB | Betsy Wiebe |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,492 |
| Story(s) | 3 |
| Units | 2 |
| Zoning | Business |
| Acreage | 0.07 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Electric, Hot Water, Natural Gas, Radiant Floor |
| Furnished | Partially |
Exterior
| Roof | Metal |
|---|---|
| Foundation Details | Concrete Perimeter |
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available |
|---|
Other
| List Aor | Gunnison Crested Butte Association Of Realtors |
|---|
Taxes
| Property | 32105 |
|---|
Area Information
| State | CO |
|---|---|
| County | Gunnison |
| City | Crested Butte |
| Zip Code | 81224 |
| Area | Crested Butte |
| Community Name | Crested Butte (Town of) |
| Listing VS Median (in Crested Butte (Town of)) | |
Price: $6,995,000 low | high Med: $1,807,500 sqft: 3,492 low | high Med: 2,543 $ / sqft: $2,003 low | high Med: $717 On site: 30 low | high Med: 342.5 | |
Market Activity 81224
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Learn More About This Property
| State | CO |
|---|---|
| County | Gunnison |
| City | Crested Butte |
| Zip Code | 81224 |
| Area | Crested Butte |
| Community Name | Crested Butte (Town of) |
| Listing VS Median (in Crested Butte (Town of)) | |
Price: $6,995,000 low | high Med: $1,807,500 sqft: 3,492 low | high Med: 2,543 $ / sqft: $2,003 low | high Med: $717 On site: 30 low | high Med: 342.5 | |