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101 E 5th St
Creede, CO 81130
Retail Property For Sale
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,543 SF
Building Class
C
Year Built
1946
Price
$895,000
Price Per SF
$161.46
Tenancy
Single
Building Height
1 Story
Building FAR
0.90
Lot Size
0.14 AC
PROPERTY TAXES
| Parcel Number | 476325451006 | Improvements Assessment | $74,844 |
| Land Assessment | $17,298 | Total Assessment | $92,142 |
PROPERTY TAXES
Parcel Number
476325451006
Land Assessment
$17,298
Improvements Assessment
$74,844
Total Assessment
$92,142
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