Historic Mixed-Use
For Sale
$12,500,000
165 Midland Avenue, Basalt, CO 81621
Commercial Sale, Basalt, CO
Property Size5,364 SF
Lot Size0.32 Acres
Price / SF$2,330
Days on Market938
Property Features for 165 Midland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Basement
Crawl Space
Subdivision
Basalt Center
Lot features
Corner Lot, Landscaped
Directions
From Aspen head down valley on Hwy 82 and exit at the town of Basalt. Take a right and drive over the bridge onto Midland Avenue. Property is located in the middle of the town on the right next to Alpine Bank.
Standard status
Active
APN
246707416001
Size
5,364 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Condominium Units 1,2 and 3, Building 1, AND CONDOMINIUM UNIT 11, BUILDING 3 Frying Pan Inn Condomimiiums.
Tax Annual Amount
19113
Legal Description
Condominium Units 1,2 and 3, Building 1, AND CONDOMINIUM UNIT 11, BUILDING 3 Frying Pan Inn Condomimiiums.
Building Details
Year built
1896
Floors in Building
2
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
Douglas Elliman Real Estate-Willits
(970) 925-8810
Listed By:
Cynthia Milling · License #EA.001328368
(970) 379-1771
Added: Feb 9, 2024
Changed: Sep 4
Last Checked: Sep 4 at 8:06AM
MLS# 182521
Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1896, this designated historic structure contains approximately 5,364 square feet and currently accommodates a first-floor restaurant with residential and office areas above. The building was remodeled in 2006 while retaining original architectural elements, and its frame-and-brick construction includes a composition roof.
Located at 165 Midland Avenue in downtown Basalt, the property sits along the community’s main street corridor near boutiques, dining establishments, cultural amenities, and the Roaring Fork River. C-2 zoning supports a mix of commercial, residential, and institutional uses. Existing commercial and residential leases provide an operating income component, while prior studies have examined boutique hotel and mixed-use redevelopment concepts. The property is offered without entitlements.
Located at 165 Midland Avenue in downtown Basalt, the property sits along the community’s main street corridor near boutiques, dining establishments, cultural amenities, and the Roaring Fork River. C-2 zoning supports a mix of commercial, residential, and institutional uses. Existing commercial and residential leases provide an operating income component, while prior studies have examined boutique hotel and mixed-use redevelopment concepts. The property is offered without entitlements.
Key Highlights
- Designated historic structure built in 1896
- Approximately 5,364 square feet of existing floor area
- First‑floor restaurant with upper‑level residential and office areas
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
7-Eleven
Shops & Services
5,461 visits/mo
0.3 miles
Conoco
Shops & Services
3,648 visits/mo
0.3 miles
Exxon
Shops & Services
2,735 visits/mo
0.4 miles
Phillips 66
Shops & Services
2,227 visits/mo
0.1 miles
SUBWAY
Dining
1,521 visits/mo
0.4 miles
Demographics for 81621, CO
6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 property with restaurant space and upper-level residential or office areas in downtown Basalt.
Where is this mixed-use property located?
The property is located at 165 Midland Avenue Basalt, CO.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Designated historic structure built in 1896; Approximately 5,364 square feet of existing floor area; First‑floor restaurant with upper‑level residential and office areas
