310 Second Street, Crested Butte, CO 81224

Why is the Rijks Gallery the most compelling listing in 2025? UNIQUE LOCATION: We are located on Second Street between Elk Avenue and Maroon Avenue in historic Crested Butte, Colorado. Elk Avenue is the main street anchoring the business district in town. Maroon Avenue is the gateway to the desirable West End residential zone. The Rijks Gallery is nestled between the two with the added benefits of fronting a short cul-de-sac alley, overlooking Coal Creek and facing multiple majestic peaks. UNIQUE BUILDING: The Rijks Gallery was built by local artist Susan Anderton as an art gallery and craft shop with an upstairs personal residence. Today, the lower level is one open commercial space housing the Rijks’ art gallery and frame shop. The property consists of 2,922 total square feet on a 1,988 square foot lot. A new building this size would require a lot three-times larger under current zoning. UNIQUE ZONING: The Rijks Gallery is the only R3C parcel tangent to the north side of the business core. The R3C zoning designation allows for a host of residential and commercial uses, including 1-2 family dwelling units, food and beverage, lodging, retail, office and service establishments. In its current configuration, the street level of the Rijks Gallery occupies 1,716 square feet with one half-bath and plumbing for a second bathroom. This space has three separate entrances off the alley facilitating multiple commercial uses and tenants. The upstairs residence occupies 1,206 square feet with an oversized kitchen/living/dining area, 3 bedrooms (one set up as an office today) and 2 more bathrooms (2.5 total today). Per the zoning, either level could be converted to a commercial or residential use(s) giving the new owner tremendous flexibility to have a single-family home, a prime commercial space or both (subject to Town approval, of course). Please call Scout or your local real estate professional for a closer look at this truly one-of-a-kind property in the heart of Crested Butte! [Note: Learn more about the Rijks Gallery at rijksgallery-dot-com; Watch the 60-second property video; Learn more from reading the picture captions.]

NOTE ON CAP RATE

Currently, the seller is both landlord and tenant and is not intending to continue its tenancy after closing. Under prevailing market (NNN) lease rates, a new owner can expect cap-rate performance in the 5 +/- range with strong potential for capital appreciation given the desirable location in the Crested Butte commercial core and the range of possible uses under the R3C zoning district.