Historic Mixed-Use
For Sale
$12,500,000
165 Midland Avenue, Basalt, CO 81621
COMMERCIAL - Basalt, CO
Property Size5,364 SF
Lot Size0.32 Acres
Price / SF$2,330
Days on Market910
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: Aug 4
Last Checked: Aug 7 at 9:06AM
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.
The Colorado Midland Hotel is a historic mixed-use building constructed in 1896 and remodeled in 2006 with original architectural elements retained. The approximately 5,364-square-foot property includes a first-floor restaurant along with residential and office areas on the upper level. Existing commercial and residential leases are in place.
Located at 165 Midland Avenue in downtown Basalt, the property occupies a central position along the town’s main street corridor, near boutiques, restaurants, cultural amenities, and the Roaring Fork River. C-2 Downtown Business District zoning supports a combination of commercial, residential, and institutional uses. A 2023 feasibility study examines boutique hotel and mixed-use redevelopment concepts; the property is offered without entitlements.
Located at 165 Midland Avenue in downtown Basalt, the property occupies a central position along the town’s main street corridor, near boutiques, restaurants, cultural amenities, and the Roaring Fork River. C-2 Downtown Business District zoning supports a combination of commercial, residential, and institutional uses. A 2023 feasibility study examines boutique hotel and mixed-use redevelopment concepts; the property is offered without entitlements.
Key Highlights
- Historic structure built in 1896 and remodeled in 2006
- Approximately 5,364 sq. ft. of existing floor area
- C‑2 Downtown Business District zoning
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning supports commercial, residential, and institutional uses in a pedestrian-oriented downtown setting.
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: Historic structure built in 1896 and remodeled in 2006; Approximately 5,364 sq. ft. of existing floor area; C‑2 Downtown Business District zoning
