101 E 5th St - Restaurant FOR SALE


Creede, CO 81130
$895,000 USD
719-849-3298
101 E 5th St, Creede, CO for Sale
$895,000 USD
Restaurant - FOR SALE
1/40
null | Request Cap Rate

101 E 5th St
Creede, CO 81130


OVERVIEW

Smack dab in the heart of town at the corner of 5th and Main, this iconic 4,217 sq ft commercial property is home to one of Creede’s most recognized and successful businesses. Known today as Kip’s Grill, this location has long been a cornerstone of Main Street and a must-stop for locals and visitors alike. Originally built as the Old Creede Standard Gas Station, the building has evolved with the town, hosting everything from beauty parlors to a yoga studio—before becoming the thriving restaurant and bar it is today. With seating for up to 165 guests, a private upstairs bar (with potential for rental income), and an inviting outdoor patio, this property is built for entertainment and atmosphere. Inside, guests enjoy a spacious game area with pool, darts, foosball, shuffleboard, and Pac-Man. The kitchen and bar are fully equipped for a smooth transition to new ownership: large walk-in freezer and cooler, keg cooler, 10 beers on tap, 2 wine taps (currently for house margaritas), and a 3-compartment frozen drink machine. Additional features include an on-site laundry area and carwash. The sale includes the real estate, business, and all equipment, a true turnkey operation. Kip’s Grill has been in operation for nearly 30 years and enjoys an established reputation and loyal following. The current owners are willing to train new owners to ensure a seamless transition so you can be up and running by Summer 2026. Whether you continue its legacy as a favorite local restaurant or bring a new vision to one of Creede’s most visible properties, 101 5th Street is a rare chance to own a piece of Main Street history, along with a thriving, proven business.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,186 SF

ZONING

Business

APN/PARCEL ID

476325451006

ASK ABOUT THIS PROPERTY

Anne PizelBroken Arrow Ranch & Land CompanyMore Info
719-849-3298

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Anne PizelBroken Arrow Ranch & Land CompanyMore Info
719-849-3298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.