175 Midland Avenue #10, Basalt, CO 81621 (MLS# 188653) -

175 Midland Avenue #10, Basalt, CO 81621

$999,000

Property Type: Commercial Sale Square Footage: 690 Status: Pending

Current Price: $999,000 List Date: 6/11/2025 Last Modified: 2/25/2026

Overview

Description

A rare opportunity in the heart of downtown Basalt's coveted Old Town district. This premier street-front commercial property with an upper-level studio delivers an exceptional blend of style, functionality, and prime positioning in one of Basalt's most vibrant and walkable settings. Whether envisioned as a boutique retail concept, creative studio, gallery, professional office, or live/work environment, the space adapts effortlessly. The remodeled lower level is anchored by expansive floor-to-ceiling windows that flood the interior with natural light, creating a bright, welcoming atmosphere while establishing a striking storefront presence with great visibility and strong curb appeal. Upstairs, a full renovation is underway, transforming the studio into a sleek, thoughtfully designed living space with elevated finishes and flexible functionality. Completion is anticipated in Spring 2027, offering a compelling opportunity to secure the property ahead of final delivery. Notably, this i ... (Read more)

Listing Details MLS# 188653

Location Info

Inside City Limits: Yes
Condominiumized: Yes
Zoning City: Basalt
Zoning County: Eagle
Type: Commercial
Major Area: Basalt
Area: 05-Basalt Proper
Asking Price: 999000
Original List Price: 1100000
Street #: 175
Street Name: Midland
Street Suffix: Avenue
Address 2/Unit #: #10
City/Town: Basalt
State/Province: CO
Postal Code: 81621

Keywords Info

Total Building SqFt: 1 - 1,000
Association Dues: Yes
Association Fee: 700
Association Fee Frequency: Quarterly

Listing Info

Occupant Type: Owner
SqFt Level: Ground Floor
Seller/Owner is Licensed: No
REO: No
Member Association: Aspen Association

General Info

Sub/Loc: Frying Pan Inn Condos
County: Eagle
Legal: DESC: BLDG 2 Subdivision: FRYING PAN INN CONDOMINIUMS Unit: 10
Zoning: Comm/Res
Stories: 2
Total SqFt: 690
Unit SqFt: 690
Parcel #: 246707416012
Year Built: 1982
Year Remodeled: 2025
Directions: Heading East on HWY 82, take left on Basalt Ave. At the roundabout, take the 3rd exit onto Emma Rd. Turn Right onto Midland Ave. Property is on your right, just after

Financing Info

Metro Tax District: No
Taxes: 4068.7
Tax Year: 2024
Transfer Tax: No
HOA Dues: 2800
Total HOA Fee Per Year: 2800

Status Change Info

Under Contract Date: 2026-02-21
Proposed Close Date: 2026-05-29
Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: A rare opportunity in the heart of downtown Basalt's coveted Old Town district. This premier street-front commercial property with an upper-level studio delivers an exceptional blend of style, functionality, and prime positioning in one of Basalt's most vibrant and walkable settings. Whether envisioned as a boutique retail concept, creative studio, gallery, professional office, or live/work environment, the space adapts effortlessly. The remodeled lower level is anchored by expansive floor-to-ceiling windows that flood the interior with natural light, creating a bright, welcoming atmosphere while establishing a striking storefront presence with great visibility and strong curb appeal. Upstairs, a full renovation is underway, transforming the studio into a sleek, thoughtfully designed living space with elevated finishes and flexible functionality. Completion is anticipated in Spring 2027, offering a compelling opportunity to secure the property ahead of final delivery. Notably, this is the only unit in the building approved for residential use on the upper level, adding a layer of rarity and distinction that is increasingly difficult to find in Basalt's historic core. With steady foot traffic, exceptional exposure, and timeless appeal, this distinctive property offers a unique opportunity to establish a presence in thriving historic Basalt.

Units

Units: 2

Allowable Uses

Income: Yes
Office: Yes
Retail: Yes

Current Use

Income: Yes
Tourism: Yes

Construction

Frame: Yes

Electric

Yes: Yes

Condition

Excellent: Yes
New: Yes

Basement/Substructure

Crawl Space: Yes

Gas

None: Yes

Roof

Composition Shingles: Yes

Water

Public: Yes

Sanitation

Community: Yes
Sewer: Yes

Extras

Restrooms: Yes
Security System: Yes
Storage: Yes

Heating/Cooling

Central AC: Yes
Forced Air: Yes

Location Amenities

High Traffic Loc: Yes
High Visibility: Yes

Parking

1 - 5 Spaces: Yes
Street Parking: Yes

Possession

DOD: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Income; Office; Retail Current Use: Income; Tourism Construction: Frame Roof: Composition Shingles Condition: New; Excellent Electric: Yes Gas: None Water: Public Sanitation: Community; Sewer Parking: 1 - 5 Spaces; Street Parking Extras: Restrooms; Security System; Storage Location Amenities: High Traffic Loc; High Visibility Sign: Yes Possession: DOD

Listing Office: Slifer Smith & Frampton RFV

Last Updated: February - 25 - 2026

Broker Attribution: (970) 925-8088

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