Follow us on Facebook or Instagram

Give us a call 970-872-3322

$6,995,000
0.07± Acres
Active
Gunnison County, CO
Contact Maps

228 Elk, Crested Butte, Colorado

MLS ID: 837410
Status: Active
Price: $6,995,000
Acres: 0.07±
Type: Development, Commercial
Address: 228 Elk
City, State: Crested Butte, CO
County: Gunnison County
ZIP Code: 81224
Lat/Long: 38.869494, -106.986183
Parcel Number: 325503150003
Listed by: Betsy Wiebe of Liv Sotheby's International Realty - Cb
Bathrooms: 4
SqFt: 3,492
Year Built: 1882

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.

Additional Information

Interior

Bathrooms Full: 1
Building Area Total: 3,492
Flooring: Wood
Furnished: Partially
Heating (Yes/no): Yes
Heating: Electric, Hot Water, Natural Gas, Radiant Floor

Exterior

Foundation Details: Concrete Perimeter
Inclusions: Computer System, Furniture, Inventory, Office Equipment, Phone #, Trade Name, Training Available
Lot Size Dimensions: 25 x 125
Parking Total: 2
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Stories: 3
Water Source: Public

Financial/HOA/Schools

Days On Market: 3
Subdivision Name: Crested Butte (town Of)
Tax Annual Amount: 32105.35
Zoning Description: Business

Maps

Get Directions
  • NAIP
  • Satellite
  • Topography

,

Interested? Contact Us Today About This Listing

  • This field is for validation purposes and should be left unchanged.

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of September 10, 2026 at 12:00:00 AM UTC.

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, 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). PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act of 1968 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.

Listed By: Betsy Wiebe of Liv Sotheby's International Realty - Cb