120-122 Elk Avenue, Unit 111

Crested Butte, CO 81224

$7,000,000
Price
—
Beds
3
Baths
5
1/2 Baths
7,835 Sq. Ft.
$893 / Sq. Ft.
7,835
Sq. Ft.
$893
per Sq. Ft.
a view of a cafe with sitting area
a view of small white building with a large window
an aerial view of residential houses and outdoor space
a view of a city with mountains in the background
a view of a patio with table and chairs and potted plants
a view of a house with a balcony and sitting area
a room with lots of furniture and clutter
a dining hall with lots of tables a large window and chairs
a view of store
a view of a room with gym equipment
a view of a room with gym equipment
a view of a house with street from a balcony
a living room with furniture and windows
a living room with furniture and a wooden floor
a view of a hallway and dining room
a front view of a house with a yard
a view of a house with a chairs and table in a patio
a view of a hallway with wooden floor and windows
a view of a hallway with wooden floor and livingroom
a living room with furniture a fireplace and a chandelier
a living room with stainless steel appliances granite countertop furniture wooden floor and a chandelier
a kitchen with stainless steel appliances granite countertop a stove a refrigerator a oven a sink a dining table and chairs
a living room with furniture fireplace and flat screen tv
a bedroom with a large bed and a flat tv screen
a bedroom with a large bed and a large window
a living room with furniture a window and a mirror
a bedroom with a bed a dresser next to a window
a bathroom with a granite countertop toilet sink and mirror
a bedroom with a bed and a lamp
a bedroom with a bed and a flat screen tv
a bathroom with a double vanity sink a mirror and bathtub
a bathroom with a toilet a sink and mirror
a view of a livingroom with furniture and a flat screen tv
a view of a workspace with furniture and a window
a living room with lots of furniture and kitchen view

Description

A special high profile mixed use commercial-residential opportunity on Elk Avenue in the west end of town, Penelopes is available for the first time since the historic restaurant property was completely redeveloped in 2007. Currently home to Asian Ryce Bistro, Chopwood, Creekside Spa, ID Studio and a beautiful 2,100 SF, 3 bed luxury home on Coal Creek known as the Penthouse, 120 and 122 Elk Avenue comprise 11 total units and 7,835 SF. The two-building property straddles the creek with patios, walkways...A special high profile mixed use commercial-residential opportunity on Elk Avenue in the west end of town, Penelopes is available for the first time since the historic restaurant property was completely redeveloped in 2007. Currently home to Asian Ryce Bistro, Chopwood, Creekside Spa, ID Studio and a beautiful 2,100 SF, 3 bed luxury home on Coal Creek known as the Penthouse, 120 and 122 Elk Avenue comprise 11 total units and 7,835 SF. The two-building property straddles the creek with patios, walkways and a footbridge. From the Elk Avenue sidewalk a ADA walkway and a big patio serve the restaurant, bar and the upstairs professional spaces access while the retail space enjoys covered porch access right off the sidewalk. The private alley in the rear serves the Penthouse, two garage spaces and three ground floor-patio office spaces. Leases in place with current tenants.
  1. Listed by Channing Boucher • LIV Sotheby's International Realty - CB

Property Details for 120-122 Elk Avenue, Unit 111

Water Front
No
Zoning
Commercial
Waterfront
Creek
Subdv Name
None
LISTING UPDATED: 08/06/2024 08:55 PM

Property Details for 120-122 Elk Avenue, Unit 111

StatusActive
MLS #811788
Days on Market246
Taxes$40,984 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1890
Lot Size0.23 AC / 10,018 SF
CountyGunnison County

Building Information for 120-122 Elk Avenue, Unit 111

Stories-Residences11Year Built1890Lot Size0.23 AC / 10,018 SF

Property Information for 120-122 Elk Avenue, Unit 111

Summary
Location and General Information
  • Directions: Town of Crested Butte, west end of Elk Avenue on south side of street and south side of Coal Creek.
  • Property Known As: Penelopes
  • Access: Year Round
Owner
  • Owner Name: Sherman Street Holdings
Parking
  • Carport Y/N: No
  • PARKING: Off Street, In Rear of Building
Taxes and HOA Information
  • Tax Year: 2023
  • Total Taxes $: 40984
Property
Property and Assessments
  • FIPS Code: 08051
  • Legal/Lot Block: UNITS 1-11, PENELOPE'S CONDOMINIUMS, CRESTED BUTTE
  • Photo Count: 35
  • New Construction Y/N: No
  • Covenants Y/N: YES
  • Board Name: Gunnison-Crested Butte Association of REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Mixed Use
  • Possible Property Use: Mixed-Use
  • Lot Dimension: Variable
  • Parcel ID #: 3.25503151019E11
  • SqFt Source: Assessor
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Century Link
  • DOMESTIC WATER: Public
  • Existing Utilities: Natural Gas, Electric, Internet
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 11
Interior and Exterior Features
Room Information
  • 1/2 Baths: 5
  • 3/4 Baths: 1
  • 1/4 Baths: 0
  • Total Baths: 8.00
Interior Features
  • Furnished: Unfurnished
  • Main SF: 7835
  • Florring: Tile, Wood, Carpet
  • Foundation: Concrete
  • Heating Fuel/Source: Natural Gas
  • Heating System: In-Floor Radiant
  • Heat Type: Gas
  • # Overhead Doors: 3
Exterior Features
  • Roof: Metal
Rental
Rental Information
  • CAM Y/N: No

Property History for 120-122 Elk Avenue, Unit 111

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 120-122 Elk Avenue, Unit 111

This home is within Gunnison Watershed Re1j School District.
Rating
School
Type
Grades
Distance
Gunnison Elementary School
Public - PK to 5
Marble Charter School
Charter - K to 10
Gunnison Middle School
Public - 6 to 8
Crested Butte Community School
Public - 6 to 12
Rating
School
Distance
Gunnison Elementary School
PublicPK to 5

Marble Charter School
CharterK to 10

Gunnison Middle School
Public6 to 8

Crested Butte Community School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Crested Butte

Neighborhoods

Cities

ZIPs

More information about 120-122 Elk Avenue, Unit 111, Crested Butte, CO 81224

120-122 Elk Avenue, Unit 111 is a mixed use property for sale in Crested Butte, CO 81224. This property was listed for sale on March 21, 2024 by LIV Sotheby's International Realty - CB, it's currently listed at $7,000,000. This listing's school district is Gunnison Watershed Re1j School District. Nearby schools include Gunnison Elementary School, Marble Charter School and Gunnison Middle School. 120-122 Elk Avenue, Unit 111 is a 0-bed, 5.5-bath, 7,835 sqft mixed use property built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LIV Sotheby's International Realty - CB, Channing Boucher

All information is deemed reliable, but accuracy is not guaranteed. Listing information is based on information from the Aspen / Glenwood MLS for the period 03/20/2024 06:00 PM through 11/22/2024 07:35 PM. The property information being provided is for the consumer’s personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 08/06/2024 08:55 PM