$2,195,000
Estimated Payment$10,367/mo
House For Sale

327 Elk Avenue, Crested Butte, CO 81224

5Beds
4Baths
3,020Sq. Ft.
Residential House With Fireplace

A rare multi-use commercial/residential opportunity located in the heart of downtown Crested Butte. 327 Elk Avenue offersone commercial space and two residential spaces. An extensive renovation was done to the entire building with many upgrades and repairs. These include a new main water line, new water meter, all new Led lighting throughout, fresh paint inside & out and so much more! The 908 sq. ft. ground-level commercial space is situated to offer foot traffic galore. It is home to Nikys Mini Donuts, a long-standing successful business with a 5-year lease. The commercial space was fully renovated with all new electrical wiring, new plumbing, new gas furnace, new in-wall insulation, air conditioner and double layer drywall. Other amenities include tons of storage, a half bath and the best Elk Avenue frontage one could desire.Upstairs offers a completely remodeled fully-furnished, four bedroom, two full bath apartment complete with granite countertops, stainless appliances, washer and dryer, gas fireplace, built-in sound system with Alexa, Lutron lighting system with recessed Led lighting, commercial grade WiFi and a smart home system. In the rear of the building downstairs there is a large remodeled fully furnished, one-bedroom apartment with full kitchen, washer and dryer, natural gas wall heater and sizable walk in closet. Plenty of extra storage throughout the building as well as four car spaces in the rear, and incredible views of Red Lady, Gothic and White Mountain. This is the gem, in a truly spoiled location. Downtown Crested Butte is unique in that there are not many opportunities presented like this. Conditional use for a boutique hotel or lodge possible.Per approval by the town, the building could also be converted into a condominium, allowing each unit to be sold separately.Create a legacy for your family and the Crested Butte community today. Niky's Donuts franchise is now available. Inquire for more information.

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327 Elk Avenue
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Location
327 Elk Avenue Crested Butte, CO 81224
Home Details

Interior Details

General

  • Appliances: Dishwasher, Dryer, Microwave, Range Oven, Refrigerator, Washer
  • Fireplace Features: Fireplace, Gas
  • Total Fireplaces: 1
  • Fireplace : Yes
  • Flooring: Hardwood, Laminate, Mixed, Tile

Utilities

  • Heating: Yes
  • Heating Details: Electric, Gas, Baseboard
  • Cooling Details: A C
  • Cooling: Yes

Rooms

  • Kitchen Features: Granite Countertops
  • Full Bathrooms: 1
  • Bathroom 1 Features: Stall Shower, Tub and Shower
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2

Financial Details

Tax Details

  • Annual Tax Amount: 8904

    HOA

    • Association Amenities: Ski Resort, Smoke Detector, Under 1 2 Acre, Ski Property, Vacation Second Home, Qc Approved Listing

      Property Details

      Community

      • Community Features: Area Boat Dock, Area Boat Ramp, Area Climbing, Area Fishing, Area Hiking, Area Horse Riding Stables, Area Hunting, Area Pool, Area Skiing, Area Snowmobiling, Area Tennis, Biking, Boating, Golf, Jogging Biking Path, Outdoor Activities, Country Living, Cycling, Fishing, Hunting, Mountain, Resort, Skiing

        General

        • Water Source(s): City Water
        • Fencing: Partially Fenced
        • Road Surface: City Town Street

        Construction Details

        • Architectural Style: 2 Story
        • Construction Materials: Wood Frame, Wood Siding
        • Roof: Metal Roof

        Parking

        • Garage: Yes

          Location Details

          View

          • View Details: Mountain

            MLS Details

            General

            • Days on Homes.com: 65
            • MLS Number: 788531
            • Listed: 11/18/2021
            • Last Updated: 1/18/2022
            • Offered By: Liv Sotheby's International Realty
            • Listing Source: Sotheby's
            Monthly Payment Calculator

            $10,367

            Estimated Mortgage
            Principal & Interest
            $7,403
            Insurance
            $768
            Taxes
            $2,195
            Mortgage Insurance
            $0
            i
            Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
            i
            If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
            Nearby Schools
            • Gunnison Elementary School
              Class size: 12Distance: 22.00 mi
              C-
            • Gunnison Middle School
              Class size: 13Distance: 22.00 mi
              C+
            • Gunnison High School
              Class size: 14Distance: 22.36 mi
              A-
            Points of Interest

            Parks and Recreation

            Distance
            • Crested Butte
              2.8 mi
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            Listing Agent
            Kiley Flint
            LIV Sotheby's International Realty
            Crested Butte, CO
            Continue Your Search

            $2,195,000

            5 Beds4 Baths3,020 Sq. Ft.

            327 Elk Avenue

            Crested Butte, CO 81224

            Kiley Flint
            LIV Sotheby's International Realty