116 S Alder Crestone, CO $ 780,000
116 S Alder
$ 780,000
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116 S Alder

Crestone, CO, 81131
$ 780,000
Bedrooms-- Baths-- Sq 6,600

Monthly Estimate*

$ 4,925

Listed by Crestone Peak Realty
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Commercial Property for sale in Crestone, CO

for $780,000. This 6,600 square foot building was built in 2002.

Investment opportunity in the heart of Crestone's commercial district. The Sangre De Cristo Inn is a mixed-use income property comprising approximately 6,600 square feet with eight studio apartments on the upper level and multiple commercial suites on the ground floor. This iconic Southwest-style building serves as a hub for local businesses and wellness-oriented enterprises, creating a unique and established presence in downtown Crestone. The property benefits from diversified income sources through a combination of residential and commercial tenants. Current commercial occupants include wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional service providers. Residential units are occupied under a mix of long-term and month-to-month rental arrangements, providing flexibility for future management strategies and rental optimization. The building's distinctive architecture, central location, and mixed-use configuration position it well for continued demand from both residential and commercial tenants. Located within walking distance of Crestone's shops, galleries, restaurants, and community amenities, the property enjoys excellent visibility and accessibility. Front parking and ample street parking support both commercial and residential use. For investors seeking a foothold in Crestone's unique and growing market, the Sangre De Cristo Inn offers a rare combination of existing income, tenant diversity, mixed-use flexibility, and future value-add potential through operational efficiencies, leasing strategies, and continued community growth. Property requires 48 hour minimum notice to show. Call for more information or to schedule a private tour today!

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Commercial Active

Price

$ 780,000

Property Type

Commercial

Taxes

$ 12,338

Style

Spanish

Year Built

2002

Town/City

Crestone

County/Region

Saguache

MLS | Web ID

4230953

Features
General
Sewer Public Sewer
Utilities Electricity Connected Phone Connected Propane Sewer Connected
Possession Closing/DOD
Roof Membrane
Zoning Commercial Multi-Use
Garage Spaces 0
Architectural Style Spanish
Construction Materials Frame Stucco
Exclusions Tenant's personal property.
Year Built 2002
Electric 220 Volts
Tenant Pays Electricity
Stories Count 2
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family Retail
Gross Income 87347
Building Name Sangre de Cristo Inn
County Saguache
Operating Expense 53701.21
Property Type Commercial Sale
Attached Garage N
Status Active
Directions Head east on County Rd T into the Town of Crestone. Continue onto W Galena Ave 0.2 mi. Turn right onto Alder St Destination will be on the right.
City Crestone
Number Of Units Total 15
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 12338.32
Lease Considered Y/N N
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant
Cap Rate 4.31
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Exterior
Exterior Amenities Balcony
Lot Features Corner Lot
Water Source Public
Total Parking 10
Building Area Total 6600
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Crestone Peak Realty

Broker

(719) 920-7174

Phone

Affordability Calculator

$5,953
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,925
Monthly Property Taxes
$1,028
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2026$780,000 Listed Price

Map


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116 S Alder, Crestone, CO, 81131 is a Commercial Property for sale at $780,000 with 6,600 sqft. 116 S Alder was built in 2002. The property's zip code is 81131 which is in Crestone, CO