120 Elk Avenue is the most exciting historic reclamation project in the town of Crested Butte in recent years. The original structure that housed Penelope’s Restaurant for decades has been completely renovated for retail, restaurant
and office uses.

This stunning structure is accompanied by new construction for residential and office/retail spaces in an adjacent building overlooking Coal Creek accessed by foot bridge from Elk Avenue.

The restaurant space features 2150 total sft with an additional dedicated outdoor patio. The southern wall of the restaurant features four "doors" that open to create an outdoor ambience right on Coal Creek.

The 970 sft retail space features great exposure with its location on Elk Avenue.

There are two additional retail spaces - 450 sft and 520 sft - located right on Coal Creek.

The four office spaces range in size from 255 sft to over 865 sft and feature great light and easy access to Elk Avenue.