228 S Mill Street, Aspen, CO 81611 (MLS# 168449) -

228 S Mill Street, Aspen, CO 81611

$225

Property Type: Commercial Lease Lot Size (sq. ft.): 1,900 Status: Closed

Current Price: $225 List Date: 2/04/2021 Last Modified: 9/05/2024

Overview

Description

Prime retail space on Mill Street. Surrounded by luxury retailers, and just a block away from restaurant row, this historic building provides high traffic, big windows, high ceilings and views. Base Rent for the 1,902 SF Street-Level space is $225 per SF = $35,663 per month and Base Rent for the 1,931 SF Lower-Level storage is $22 per SF = $3,540 per month. Plus approx $20 per SF for CAMs (taxes, insurance, maintenance, utilities, management, etc.) The tenant can lease all of the downstairs storage or just partial. Total Gross Rent for both the Street-Level and entire Lower-Level storage is approx $45,591 per month, plus tenant pays separate electric.

Listing Details MLS# 168449

Location Info

Type: Leasehold
Major Area: Aspen
Area: 01-Central Core
Original List Price: 200
Street #: 228
Street Direction Pfx: S
Street Name: Mill
Street Suffix: Street
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Lease Info

Total Building SqFt: 5024.00
Unit SqFt: 1931
Ground Floor SqFt: 1,902
Upper Level SqFt: 1191
Sub-Grade SqFt: 1931
Asking Price: 225
Type of Lease: NNN

Financing Info

Tax Year: 2020
Security Deposit: 70000
Security $Payable To: Landlord
Annual Tax P/SqFt: 0

Listing Info

Member Association: Aspen Association

General Info

Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: Subdivision: BALDWIN/SABBATINI SUB EXEMPT PARCEL 2
Zoning: CC
Lot SqFt: 1900
Nbr of Acres: 0.04
Under Construction: No
Business Name: vacant
Inventory: No
Parcel #: 273707339014
Year Built: 1890
Year Remodeled: 2019
Directions: Heading east down Main Street, take a right on Mill Street, the building is on the left across the street from Louis Vuitton.

Status Change Info

Under Contract Date: 2021-11-01
Proposed Leased Date: 2021-11-01
Sold Date: 2021-11-01
Leased Price Per/SF: 0.04
How Leased: Cash

More Information

Remarks

Public Remarks: Prime retail space on Mill Street. Surrounded by luxury retailers, and just a block away from restaurant row, this historic building provides high traffic, big windows, high ceilings and views. Base Rent for the 1,902 SF Street-Level space is $225 per SF = $35,663 per month and Base Rent for the 1,931 SF Lower-Level storage is $22 per SF = $3,540 per month. Plus approx $20 per SF for CAMs (taxes, insurance, maintenance, utilities, management, etc.) The tenant can lease all of the downstairs storage or just partial. Total Gross Rent for both the Street-Level and entire Lower-Level storage is approx $45,591 per month, plus tenant pays separate electric.

Allowable Uses

Retail: Yes
Warehouse: Yes

Current Use

Retail Store: Yes

Construction

Brick: Yes
Frame: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Finished: Yes
Unfinished: Yes

Gas

Natural Gas: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Location Amenities

High Visibility: Yes
View: Yes

Mineral Rights

No: Yes

Parking

None: Yes

Occupant

Vacant: Yes

Disclosures

Excluded Tenant: Yes

Tenant Pays

Annual Escalation: Yes
Building Insurance: Yes
Deposit: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Interior Maintenance: Yes
Property Taxes: Yes
Sewer: Yes
Site Maintenance: Yes
Trash Collection: Yes
Water: Yes

Owner Pays

Nothing: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

Negotiable: Yes

Expenses Include

Grounds Maintenance: Yes
Insurance: Yes
Management: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Unit Electric: Yes
Unit Heat: Yes
Water: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Retail; Warehouse Current Use: Retail Store Construction: Brick; Frame Condominiumized: No Roof: Membrane Condition: Excellent Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water Owner Pays: Nothing; Structural Maint Parking: None Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water Location Amenities: High Visibility; View Occupant: Vacant Disclosures: Excluded Tenant Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: Yes Possession: Negotiable

Documents

Main Level Floor Plan ›

Lower Level Floor Plan ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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