218 Maroon Avenue A,B,C,D, Crested Butte, CO 81224
Gunnison County
Key Facts
Description
Some buildings don't just occupy a town — they define it. 218 Maroon Avenue is one of them. Situated on the banks of Coal Creek in the heart of downtown Crested Butte, 218 Maroon Avenue is a multi-tenant property with deep historical roots and a walkable, central location that no new construction could replicate. The property includes four units on a NNN lease structure, keeping owner expenses minimal. The current rent roll balances stability with opportunity: Units A, B, and D are anchored by Butte Bagels — a Crested Butte institution in its own right — under a lease running through June 2029, providing reliable long-term income from day one. Unit C, occupied by a Keller Williams real estate office through October 2026, offers opportunity for owner use, repositioning to a new tenant, or continued tenancy. This landmark property along Coal Creek carries more than a century of Crested Butte's most defining chapters within its legendary walls. Its story began on Elk Avenue, where generations of locals settled into the chair of Mr. Boyd for a haircut and conversation — the kind of unhurried ritual that once anchored small-town life. The charming property has worn many hats over the years, including a sales office for the Crested Butte ski resort in the 1960s, then home to the Crested Butte Chronicle and later the Crested Butte Pilot newspaper. When the owner threatened to erase it from Elk Avenue entirely, the community pushed back. Builder Fritz Diether and Mitch Evans answered the call, relocating the structure in 1987 — along with two other historic properties and the residence from Union Congregational Church — to its current home along the Coal Creek steambank, just behind the Post Office. What emerged was an intimate, pedestrian-scaled gathering place locals would come to affectionately call Dietherville: a small village of saved buildings that became one of the town's most beloved landmarks. As Diether himself said of the effort, "Crested Butte doesn't have that many old buildings left to restore. Their value is that they're a precious commodity." That philosophy lives on in this rare commercial investment opportunity. For a buyer who understands that place has value, that history compounds like no other asset, and that Crested Butte's authenticity is precisely what makes it irreplaceable — this is that opportunity.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1880
Living Area
930 sq ft
MLS® Listing#
834730
Property Features
Heating
Flooring
Lot Features
Roof
Utilities
Water Source
Financial Details
HOA
Yes
Annually
Annual Taxes
$77,221
Tax year 2025
Parcel Number
325503136032
Directions
From the intersection of Elk Avenue and 6th Street, travel west on Elk Avenue 3.5 blocks and turn right into the parking lot next to the post office. The property is behind the post office, and the main entrances of all units are off the alley between Elk Avenue and Maroon Avenue.
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Crested Butte, CO
- $1,000,000
- Median Listing Price
- 92
- Median Days on Market
- 1,416
- Median Sq Ft
- $958
- Median Price / Sq Ft
- 254
- Active Listings
- This home’s price is 10% above the area median.
- Its price per sq ft is 23% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Crested Butte, CO.
Location
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Points of Interest in Crested Butte, CO
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4 Porcupine Court, Crested Butte, CO | $775,000 | — | — | — |
| 369 Lake Ridge Drive, Crested Butte, CO | $775,000 | — | — | — |
| 710 Gothic Road #3, Mt. Crested Butte, CO | $785,000 | 2 | 3 | 878 |
| 801 Gothic Road, Mt. Crested Butte, CO | $785,000 | — | — | — |
| 509 Red Lady 222, Crested Butte, CO | $795,000 | — | — | 773 |
| 2234 Red Mountain Ranch Road, Crested Butte, CO | $795,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Crested Butte
Listing Courtesy: LIV Sotheby's International Realty - CB - C: 970-275-2554
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Real Estate listings held by companies other than LIV Sotheby's International Realty - CB contain that company's name.
Fair Housing Disclaimer
Date Last Updated
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