$1,425,000
$13M PRICE DROP

404 N Main St Gunnison, CO 81230

Estimated payment $7,709/month

Total Views 9
4 Beds
4 Baths
3,160 Sq Ft
$451 Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • Crested Butte Community School Rated A-
  • 2 Car Garage

About This Home

7 Contiguous City Lots | B-1 Zoning | Downtown Redevelopment | Located in the Gunnison Opportunity Zone. Outstanding downtown Gunnison redevelopment assemblage—seven contiguous city lots zoned B-1 (Professional Business), offering flexibility for hotel, mixed-use, professional office, or residential development.The site previously received City of Gunnison and CDOT-reviewed Conditional Use approvals for a boutique hotel concept, confirming that such a use has been found acceptable at this location. These approvals have expired and would need to be re-filed under a new proposal, but they provide a strong entitlement foundation and a conceptual package for buyer consideration. Located within the federally designated Gunnison Opportunity Zone, the property may qualify for capital-gains tax incentives for redevelopment or long-term hold strategies. Currently includes four long-term rental units generating income during planning or entitlement phases.With the Gunnison Valley still short roughly 1,080–1,345 housing units by 2029, demand for both residential and lodging inventory remains strong—making this one of the most compelling Main Street redevelopment opportunities in Gunnison today.

Listing Agent

Nikki Pulitzer

LIV Sotheby's International Realty - CB Listed on: 10/21/2025

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,821

Year Built

  • Built in 1958

Lot Details

  • 0.5 Acre Lot
  • Property is zoned Commercial, Live/Work, Mixed-Use

Parking

  • 2 Car Garage

Home Design

  • Concrete Foundation
  • Stick Built Home

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Gunnison 1-5 Elementary School
  • Gunnison 6-8 Middle School
  • Gunnison 9-12 High School

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 370136345004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,821

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Dishwasher, Washer, Dryer, Disposal, Microwave
  • Estimated Total Acres: 0.5
  • Class: RESIDENTIAL
  • Em Deposit: 5%
  • Em Holder: Land Title Guarantee
  • Legal Lot Block: LOTS 4-6, BLOCK 77, FIRST ADDITION TO GUNNISON, LOTS 7-10, BLOCK 77, FIRST ADDITION TO GUNNISON
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 370136345004
  • Price Per Sq Ft: 450.95
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Tax Account Id: R001765/R001764
  • Zoning: Residential Single Family, Live/Work, Commercial, Mixed-Use
  • Type: Stick Built
  • Access: Year Round
  • Internet Service: Yes
  • Total Taxes Dollar: $2821.66
  • Year Built: 1958
  • Foreign Owned Y N: No
  • Prop Description Remarks: 7 Contiguous City Lots | B-1 Zoning | Downtown Redevelopment | Located in the Gunnison Opportunity Zone. Outstanding downtown Gunnison redevelopment assemblage—seven contiguous city lots zoned B-1 (Professional Business), offering flexibility for hotel, mixed-use, professional office, or residential development.The site previously received City of Gunnison and CDOT-reviewed Conditional Use approvals for a boutique hotel concept, confirming that such a use has been found acceptable at this location. These approvals have expired and would need to be re-filed under a new proposal, but they provide a strong entitlement foundation and a conceptual package for buyer consideration. Located within the federally designated Gunnison Opportunity Zone, the property may qualify for capital-gains tax incentives for redevelopment or long-term hold strategies. Currently includes four long-term rental units generating income during planning or entitlement phases.With the Gunnison Valley still short roughly 1,080–1,345 housing units by 2029, demand for both residential and lodging inventory remains strong—making this one of the most compelling Main Street redevelopment opportunities in Gunnison today.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Bedrooms: 4
  • Estimated Total Sq Ft: 3160
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 4
  • Foundation: Concrete
  • Total Office Den: 0

Exterior Features

  • Exterior Structures: Garage

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Boiler
  • Sewer Supplier: Gunnison County Water and Sanitation Division
  • Water Heater: Gas Water Heater
  • Water Supplier: Gunnison County Water and Sanitation Division

Schools

  • High School: Gunnison 9-12

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Gunnison 1-5
  • Middle School: Gunnison 6-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,136 $25,420 $17,180 $8,240
2023 $1,136 $21,730 $14,690 $7,040
2022 $1,293 $21,580 $7,730 $13,850
2021 $1,165 $22,210 $7,960 $14,250
2020 $941 $16,880 $7,190 $9,690
2019 $920 $16,880 $7,190 $9,690
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Price Changed $1,425,000 -90.0% $451 / Sq Ft
10/21/2025 10/21/25 For Sale $14,250,000 -- $4,509 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Attorneys Ttl Guaranty Fund
Warranty Deed $330,000 Gunnison County Abstract Com
Interfamily Deed Transfer -- None Available
Deed $109,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $192,134 Commercial
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 829402

Colorado Real Estate Network (CREN)

APN: R001765

Colorado Gunnison County Gunnison 81230

404 N Main St, Gunnison, CO

This home is located at 404 N Main St, Gunnison, CO 81230 and is currently priced at $1,425,000, approximately $450 per square foot. This property was built in 1958. 404 N Main St is a home located in Gunnison County with nearby schools including Gunnison Elementary School, Gunnison Middle School, and Crested Butte Community School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Nikki Pulitzer
Listing Agent
Nikki Pulitzer
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LIV Sotheby's International Realty - CB
(970) 446-3968