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!
Property Details
- Lot Features
- Corner Lot
- Lot Description
- Corner Lot
- Exterior Features
- Balcony
- Exterior Materials
- Balcony
- Property Type
- Purchase
- Style
- Spanish/SW
- Year Built
- 2002
- Roof
- Membrane
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Phone Connected, Propane, Sewer Connected
- County
- Saguache
- Region
- Crestone
- Zoning
- Commercial Multi-Use
- Taxes Annual
- $12,338
- MLS #
- 4230953
- Property Subtype
- Multi Family
- Parcel Number
- 460407337004
- MLS #
- 4230953
- Date Listed
- July 04, 2026
- Address
- 116 S Alder
Location
Legal
Based on information submitted to the MLS GRID as of 2026-09-08 17:02:47 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: Sep 8, 2026 5:02 PM. Source: RECOLORADO
Provided By
Listed by Bonita Day (#e3526d31fb907563a63f6ed9e96ef014), bonita@crestonepeakrealty.com,71
Listing Office: Crestone Peak Realty
Legal Notice
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
