165 Midland Ave Basalt, CO 81621
Property details
About 165 Midland Ave
Located only 20 minutes from Aspen, Colorado this Residential and Commercial land opportunity is in the heart of downtown Basalt, Colorado. The property consists of .322 acres with significant possibility to develop a gorgeous penthouse and/or a high end condominium hotel complex above the commercial space below. There is approximately 5,400 existing square foot multi-use space built on the property. The historical dining and bar area are accented by two fireplaces which consists of approximately 1,820 square feet. The remaining commercial space located on the lower level consists of the Kitchen, Office and Storage areas. The restaurant business is included in the list price. Residential Space: Three residential units are also located on the property on the upper level and to the rear of the building with transferable rental income. Future developments will require approvals from the Town of Basalt. Commercial Space: Includes Dining, Bar, Kitchen, Office and Storage areas on the first floor. Patios: Remodeled attached Patio which is approx. 1,820 square foot with a new roof and drop down enclosures to house guests year round with installed infra heaters. New Stone Patios allow for additional seating in the summer. Property also has an outdoor play ground for children. Square Footage: Seller represents that the square footage amounts are approximates. Buyer to verify square footages. Feasibility Study: Feasibility study created in 2023 identifies future development possibilities. Property is not being conveyed with entitlements. Buyer to verify entitlements with the Town of Basalt and obtain approvals.
Highlights
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 3
- Total Bedroom Count: 4
- List Price: $13,495,000
- Price/SqFt: $2,432
- Lot: 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.
- Year Built: 1892
- Living Area: 5,547 SqFt
- Lot Size: 0.32 Acres
- MLS Number: 187509
- MLS Name: Aspen
- Office Name: Douglas Elliman Real Estate-SMV
- Office Phone: (970) 923-4700
- Listing Agent: Cynthia Milling
©Copyright 2025 by Aspen Glenwood Springs MLS. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen Glenwood Springs MLS. IDX information is provided exclusively for consumers’ personal, non- commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2025, 10:15:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$13,495,000
165 Midland Ave
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
7
Basalt Elementary School
Public District PK-4
0.2 mi
•151 Cottonwood Dr
3
Crystal River Elementary School
Public District PK-4
9.3 mi
•160 Snowmass Dr
9
Aspen Elementary School
Public District KG-4
15.8 mi
•235 High School Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,455. The most common annual income of people living in Basalt, CO is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
Frequently asked questions
About 165 Midland Ave
The listing price of 165 Midland Ave property is $13,495,000.
The property 165 Midland Ave is a condo located in Basalt, Colorado, 81621.
Active Listing: 165 Midland Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 165 Midland Ave are: Basalt Elementary School (GreatSchools Rating 7/10), Crystal River Elementary School (GreatSchools Rating 3/10), Aspen Elementary School (GreatSchools Rating 9/10), Basalt Middle School (GreatSchools Rating 4/10), Carbondale Middle School (GreatSchools Rating 7/10), Ross Montessori School (GreatSchools Rating 5/10), Basalt High School (GreatSchools Rating 6/10), Roaring Fork High School (GreatSchools Rating 6/10), Bridges (GreatSchools Rating 1/10).
The property at 165 Midland Ave has 4 bedrooms and 3 full and 2 half bathrooms.
The property 165 Midland Ave is 5,547 SqFt (source: MLS/tax record).
The year of construction for 165 Midland Ave is 1892.
This home is located at 165 Midland Ave in Basalt, CO and zip code 81621. This 5,547 square foot home, which was built in 1892, sits on a 0.32 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $13,495,000.