228 Elk Avenue Crested Butte, CO 81224 — MLS# 811584

Start of property details

Share this property:
Gallery
Share
Payments
228 Elk Avenue
Crested Butte, CO 81224
FOR
SALE
$7,250,000
For Sale
3,492
Sq.Ft.
0.07
Acres
1893
Yr. Built
MLS# 811584
Cumulative Days on Market: 20 (since March 14th, 2024) Data provided by the MLS.

Property Details

McGills Restaurant Building is quintessential Crested Butte located in the center of Town on Elk Avenue. Built around 1893, it served as the Town's grocery store run by Tony and Elanor Stephanic until 1988. In 2005 the building's new owner undertook a major renovation including foundational repairs, all new electrical, heating, plumbing, and drywall. The original floors were removed, refinished and laid back down. At that time a new roof was installed and again redone in 2016. Since the remodel, the first floor has been occupied and has operated as McGills Restaurant, a successfull breakfast and lunch restaurant. The second floor apartment consists of a 2 bedroom, 2 bath, with loft apartment and is currently rented month to month. 228 Elk, only 50 feet from the center of town at 3rd and Elk, commands the most central, high traffic spot amonst the Town's historic district. In addition to restaurant use, general retail business opportunities are permitted.

Ask a Local Expert

Property Highlights

Status
For Sale
Price
$ 7,250,000
Property Type
COMMERCIAL
Sub Type
Restaurant
Sqft Total
3,492
Acres
0.07
Year Built
1893

Location

Area
Crested Butte
County
Gunnison
Waterfront
No

Heating, Cooling & Utilities

Heating
In-Floor Radiant

Features

Current Property Use
Restaurant, Other
Access
Year Round

Building Details

Roofing
Metal

Taxes & Terms

Taxes
$24,625
REO/Lender Owned
No
Listed by Coldwell Banker Mountain Properties.
Listing Data last updated 4th April, 2024 06:00
Get a Link to this Property: Copy To Clipboard

Phone:
Connect with:

Payment Calculator

per month. Fixed. % interest.
per month
Total interest paid over s will be:
Principal & Interest
Home Insurance
Property Tax
HOA Fees
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 4-Apr-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
Get Walk Score Content

Property History

Today
Property information last updated
20 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 20. Data provided by the MLS.

Similar Properties

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, Inc. (CREN), © Copyright 2024. All rights reserved. All information is deemed reliable but is not guaranteed and should be independently verified. See Disclaimer This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited. Real estate listings held by brokers other than Toad Real Estate are marked with the name of that company's name.
Listing Data last updated: 04/03/2024 02:20 PM
Equal Housing Opportunity
Service by Buying Buddy® IDX CRM
Copyright © 2003 - 2024 Buying Buddy. All rights reserved.
{"property_id":"co79_811584","above_ground_sqft":null,"allow_address":null,"amenities":null,"appliances":null,"approval_cond":null,"architecture":null,"avg_utilities":null,"basement":null,"basement_sqft":null,"basement_type":null,"baths_half":null,"baths_threequarters":null,"building_num":null,"basement_finished":null,"builder":null,"car_storage":null,"construction":null,"cooling":null,"county":"Gunnison","covenants":null,"date_measured":null,"depth":null,"design_features":null,"descriptions":null,"dining_room":null,"dining_room_loc":null,"directions":null,"electricity":null,"elementary_school":null,"email":null,"faces":null,"facilities":"Restaurant,Other","features":"Year Round","families":null,"family_room":null,"family_room_loc":null,"fee1":null,"financing":null,"fireplace":null,"fireplace_loc":null,"fireplace_num":null,"flooring":null,"game_room":null,"game_room_loc":null,"gas":null,"green_hers_score":null,"green_leed_certified":null,"green_ngbs_certified":null,"green_star_certified":null,"heat":"In-Floor Radiant","hoa":null,"hoa_fee":null,"hoa_fee_freq":null,"horses":null,"horse_facility":null,"horse_features":null,"inclusions":null,"kitchen":null,"kitchen_loc":null,"lake_acres":null,"lake_depth":null,"laundry":null,"laundry_loc":null,"listor":null,"living_room":null,"living_room_loc":null,"lot_size":null,"lot_size_text":null,"maintained_by":null,"master_br":null,"master_br_loc":null,"media_room":null,"media_room_loc":null,"middle_school":null,"min_lease":null,"model":null,"notes":null,"office":null,"office_loc":null,"older_housing":null,"outdoor_features":null,"ownership_type":null,"parking_covered":null,"permit":null,"pets":null,"ph_listor":null,"ph_office":null,"pool":null,"pool_features":null,"property_name":null,"public_remarks":"McGills Restaurant Building is quintessential Crested Butte located in the center of Town on Elk Avenue. Built around 1893, it served as the Town's grocery store run by Tony and Elanor Stephanic until 1988. In 2005 the building's new owner undertook a major renovation including foundational repairs, all new electrical, heating, plumbing, and drywall. The original floors were removed, refinished and laid back down. At that time a new roof was installed and again redone in 2016. Since the remodel, the first floor has been occupied and has operated as McGills Restaurant, a successfull breakfast and lunch restaurant. The second floor apartment consists of a 2 bedroom, 2 bath,  with loft apartment and is currently rented month to month. 228 Elk, only 50 feet from the center of town at 3rd and Elk, commands the most central, high traffic spot amonst the Town's historic district. In addition to restaurant use, general retail business opportunities are permitted.","roofing":"Metal","school_district":null,"seller_type":"No","sewer":null,"sr_high_school":null,"status":"Active","stories":null,"study_den":null,"study_den_loc":null,"style":null,"tap_gas":null,"tap_sewer":null,"tap_water":null,"taxes":"$24,625","terms":null,"tour_url":null,"tour_url2":null,"tour_url3":null,"type":"Restaurant","units":null,"unit_floors":null,"utilities":null,"view":null,"water":null,"water_front":"No","water_front_ft":null,"well":null,"year":"1893","zoned":null,"headline_txt":null,"description_txt":null,"property_uid":"811584","listing_status":"active","mls_status":null,"mls_id":"co79","listing_num":"811584","acreage":null,"acres":"0.07","address":null,"address_direction":null,"address_flg":null,"address_num":null,"agent_id":"9223","area":"Crested Butte","baths_total":null,"bedrooms_total":null,"car_spaces":null,"city":"Crested Butte","coseller_id":null,"coagent_id":null,"days_on_market":null,"finished_sqft_total":null,"geocode_address":"228 Elk Avenue","geocode_status":null,"lat":"38.869519","lon":"-106.986198","office_id":"3711","office_name":"Coldwell Banker Mountain Properties","orig_price":"7250000","photo_count":"10","previous_price":null,"price":"7250000","pricerange_min":null,"pricerange_max":null,"prop_img":"https:\/\/cdnparap100.paragonrels.com\/ParagonImages\/Property\/P10\/CREN\/811584\/0\/0\/0\/d7f9a9413867680453f797a973e85055\/2\/c8c89ce4d80fb3afc980b4df2a8c96f7\/811584-7783f7c8-3a0e-441c-929c-a1a6b132e374.JPG","property_type":"COMMERCIAL","sqft_total":"3492","state":"CO","street_type":null,"street_name":"Elk","sub_area":null,"unit":null,"zip_code":"81224","listing_dt":null,"undercontract_dt":null,"openhouse_dt":null,"price_change_dt":null,"seller_id":null,"sold_dt":null,"sold_price":null,"update_dt":"2024-04-04 09:50:24","create_dt":"2024-03-14 21:20:28","marketing_headline_txt":null,"use_marketing_description_txt":null,"marketing_description_txt":null,"showcase_layout":null,"mortgage_calculator":null,"property_history":null,"marketing_account_id":null}