real estate

About Commercial Real Estate

When people think of Commercial real estate, they often picture tall office buildings or malls. The Gunnison Valley doesn’t have a lot of those, but that doesn’t mean there aren’t opportunities. Commercial investments range from apartment buildings, storage units, vacant land in commercial areas, office buildings and buildings or spaces for restaurants and retail. Businesses like restaurants and retail stores are offered for sale pretty consistently without any real property. Evaluating commercial opportunities is different from purchasing residential property so it is important to have an agent with commercial experience to guide you.

quick facts:

$238,000 lowest priced commercial property sold since june '22

$1,745,000 highest priced commercial property sold since june '22

20 opportunities currently for sale

311 Elk Avenue | Crested Butte

The Crested Butte Masonic Lodge is a Crested Butte classic standing proudly on the north side of Elk Ave (the sunny side of the street). Built in 1890, the building has been condominiumized and consists of 3 Units; on the ground floor 2 units comprising 1232 sq ft, currently occupied by Artesanos Gallery, and a 1327 sq ft apartment on the second. It is located between two Crested Butte popular restaurants: the Secret Stash and Teocalli Tamale. The upstairs apartment is deed restricted allowing for owner occupancy or long term rental. This is in a centralized location in the heart of the historic district. The ground level consists of two of the condominium units, but is currently configured to accommodate one business. A dividing wall could be re-instituted, creating two spaces. The ground floor is zoned for retail type businesses. The second floor apartment, which was the original Mason meeting room brings back memories of an earlier time with its complete wood finish: wood floors and wainscoting (sometimes referred to as “box car siding”) creatively covering all the walls and ceiling. It consists of a kitchen and bathroom with the remainder laid out for loft style living. Interesting Crested Butte historical fact...this is the location of the only 2 story outhouse.... not usable any longer!

$2,295,000

2,559 S.F. | .11 ACRES | MLS# 801207

611 S. Main Street | Gunnison

Incredible development opportunity in the City of Gunnison. This is the site of the Denver and Rio Grande Western Railroad passenger and freight station depot. The Depot building itself is a long brick and stucco structure with hipped roof, two large garage doors on end and would be an amazing preservation project. The property is 3.35 acres directly bordering the CB /Gunnison Airport along the southern side. The property is zoned Industrial or could be presented as its own PUD for the right development. The City of Gunnison was very supportive in preliminary meetings of converting this to some sort of multi-family residential development with potentially a commercial component zone. The size of this property in the city limits of Gunnison and in the opportunity zone where new investments, under certain conditions, may be eligible for tax incentives provided through the Tax Cuts and Jobs Act of 2017 make this an opportunity not to be missed.

$1,750,000

3,556 S.F. | 3.35 Acres | MLS# 789755

This meticulously maintained multi-family property in downtown Gunnison consists of a family house with 3 bedrooms/2 bathrooms, 3 apartments and a studio unit. The family house offers an en-suite master bedroom, nice sized living area with fireplace and large kitchen with its own washer and dryer. Units 1 and 2 are 1 bed/3/4 bath each. Unit 3 is 1 bed/1 bath and Unit 4 is a studio unit. All of the spaces enjoy ground level living. This location features a big, fenced yard and mature landscaping. There is a common parking area located at the front of the property and some parking in the alley at the rear. The units enjoy and have maintained 100% occupancy. The current yearly gross rental income is $61,200.00. The seller has provided over $80,000.00 in improvements since 2016 and some of the upgrades include a new utility/mechanical room and new windows in the house. This property represents a fantastic investment opportunity or is perfect for anyone looking to occupy and rent the other units. The property is right on the boundary of commercial and residential zoning and may allow an additional commercial or residential building to be constructed. Buyer should contact the City of Gunnison to determine such ability. Gunnison offers tons of recreational opportunities and is the home of Western College University.