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Historic Retail Space
New
For Lease
$45,000/Mo

228 S Mill Street, Aspen, CO 81611

A pop-up sublease pairs a street-level storefront with separate lower-level storage.

Space Size2,402 SF
Days on Market2

Property Features for 228 S Mill Street

General Information

Standard status Active
Size 2,402 SF
Net Rentable 2,402 SF
Zoning CC

Space & Availability

Available Space 2,402 SF
Floor Ground, Lower Level
Space Use Retail
Sublease Yes
Available From 2024-04-22

Additional Details

Total Rate $45,000

Amenities

big windows
high ceilings

Building Details

Year Built 1890
Construction historic
Listing Agency: Setterfield & Bright
Listed By: Angi Wang, CNE
Source: Frontierhomeandranch
Added: Oct 23 Last Checked: Oct 23 at 5:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Setterfield & Bright

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Investment Insights

Based on property information with market context.

This retail space occupies a historic building constructed in 1890. The offering includes 1,902 square feet at street level and 500 square feet of lower-level storage. The sublease is designated for pop-up use, with a term running from April 22, 2024, through September 30, 2024. The subtenant pays utilities separately.

The property is on Mill Street in Aspen, across from Louis Vuitton and one block from the restaurant row. Other luxury retailers are in the surrounding area. Zoning is CC.

Key Highlights

  • 1,902 SF of street‑level retail space
  • 500 SF of lower‑level storage
  • Pop‑up sublease term: April 22, 2024 through September 30, 2024

Property Analytics

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Current Use

Stone Island Clothing & Fashion Store M.S. Rau Home Decor Store White Cube Aspen Art Gallery Kith Aspen Clothing Store

Suggested Use

Top Pick Auto Parts Store Garden Center Locksmith Storage Facility Plumbing Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$33.72 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,629
Businesses Nearby
71k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 47% Groceries 35% Apparel 14% Home Improvements & Furnishings 4%
City Market Groceries
24,888 visits/mo 0.2 miles
Exxon Shops & Services
12,477 visits/mo 0.1 miles
Wells Fargo Shops & Services
8,028 visits/mo 0.1 miles
American National Bank Shops & Services
5,539 visits/mo 0.1 miles
Polo Ralph Lauren Apparel
4,757 visits/mo 0.1 miles

Demographics for 81611, CO

9,637
Population
7,564
Households
1.3
Avg Household Size
43
Median Age
68%
College-Educated
97%
High-School Grad
305.6 sq mi
ZIP Area
32
Density / Sq Mi
$95,708
Median Household Income
$58,255
Median Earnings
$1,822
Median Rent
$1,243,500
Median Home Value
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Market

Lease Benchmarks for Aspen, CO

$106 /SF/Yr
Avg Asking Price
$2.14–$225 /SF/Yr
Price Range
1,544 SF
Avg Space Size

This space is priced 111% above the average of $106 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A pop-up sublease pairs a street-level storefront with separate lower-level storage.
Where is this retail space located?
The property is located at 228 S Mill Street Aspen, CO.
What is the lease rate?
The lease rate is $45,000/Mo.
What are key features of this property?
This property features: 1,902 SF of street‑level retail space; 500 SF of lower‑level storage; Pop‑up sublease term: April 22, 2024 through September 30, 2024
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