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    117 Spring St Aspen, CO 81611

    Sponsored
    For Sale
    $3,395,000

    Prime Aspen location, high-traffic area.

    Property size:
    1,708 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 117 Spring Street, Units A & B in the heart of Aspen, Colorado, presents a rare investment opportunity. The property encompasses a total of 1,708 square feet of street-level commercial space, ideally situated for a variety of business ventures. Its downtown Aspen location ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a prominent presence in this vibrant and affluent community. The zoning regulations allow for a diverse range of commercial uses, providing flexibility for potential buyers. This presents a unique chance to acquire an entire building in a highly sought-after area. The property's prime location, combined with its versatile zoning, makes it an excellent investment for both established businesses and discerning investors seeking a high-return asset in a world-renowned destination. The building's street-level accessibility enhances its appeal to customers and ensures optimal visibility. This is a truly exceptional opportunity to own a piece of Aspen's thriving commercial landscape. For further details regarding zoning and permitted uses, interested parties are encouraged to conduct their own due diligence. This property is offered at $3,395,000. Additional information can be found under MLS #176578.

    Property Features for 117 Spring St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,708 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Tim Herreid PC Tax Preparation Service Full Circle Beauty ... Beauty Salon Marolt LLP Accountant Aspen Asset Management Investment Service Michael Sailor Insurance ... Insurance Agency

    Suggested Use

    Law Firm Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Realty agency Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aspen
    County
    Pitkin
    State
    Colorado
    Longitude
    -106.8161
    Latitude
    39.1897

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Aspen location, high-traffic area.
    Where is this commercial real estate located?
    The property is located at 117 Spring St Aspen, CO.
    What is the asking price?
    The asking price for this property is $3,395,000.
    (970) 925-6060
    Request Owner's contact information
    117 Spring St Aspen, CO 81611
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    Aspen, CO 81611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Spring St Aspen, CO 81611
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