Prime Live/Work Opportunity in the Heart of Downtown Basalt. Don't miss this rare chance to own a commercial condominium in the vibrant core of downtown Basalt. This versatile two-story unit has been thoughtfully designed for both function and comfort. The upper-level features vaulted ceilings, high windows, and a sliding glass door that floods the space with natural light. Built-in U-shaped cabinetry and drawers provide smart storage, and a swamp cooler ensures a cool, comfortable environment throughout the summer months. A recently remodeled 3/4 bathroom, new paint, and new windows, adds convenience and modern appeal. Recently the Town of Basalt has approved the option to convert the upper floor into a residential unit--creating an exceptional live/work opportunity. Enjoy walking access to world-class restaurants, art studios, music venues, and the renowned Colorado Gold Medal fishing waters. Plus, you're just 17 miles from the slopes of Aspen and Snowmass, making this an ideal base for both business and pleasure.
For sale
Price cut: $10K (9/16)
$589,000
175 Midland Ave #4, Basalt, CO 81621
0beds
690sqft
Condominium
Built in 1982
-- sqft lot
$568,800 Zestimate®
$854/sqft
$400/mo HOA
What's special
New paintVaulted ceilingsNew windowsHigh windows
- 94 days
- 333
- 18
Zillow last checked:
Listing updated:
Listed by:
Terry Harrington (970)927-8080,
Aspen Snowmass Sotheby's International Realty-Basalt
Source: AGSMLS,MLS#: 193581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Electric, Baseboard
Cooling
- Evaporative Cooling
Appliances
- Laundry: In Hall
Features
- Basement: Crawl Space
Interior area
- Total structure area: 690
- Total interior livable area: 690 sqft
- Finished area above ground: 690
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
Features
- Stories: 2
Details
- Parcel number: 246707416008
- Zoning: Comml/Residential
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
Materials
- Wood Siding, Frame
- Roof: Composition
Condition
- Good
- New construction: No
- Year built: 1982
- Major remodel year: 2024
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Subdivision: Frying Pan Inn Condos
HOA
- Has HOA: Yes
- Services included: Insurance, Water, Trash, Sewer
- HOA fee: $1,200 quarterly
Location
- Region: Basalt
Financial & listing details
- Price per square foot: $854/sqft
- Tax assessed value: $225,000
- Annual tax amount: $3,131
- Date on market: 7/1/2026
- Listing terms: New Loan,Cash
- Inclusions: Dryer, Refrigerator, Washer, Window Coverings, Microwave
Estimated market value
$568,800
$540,000 - $597,000
$3,625/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Price change | $589,000-1.7%$854/sqft |
Source: AGSMLS #193581 Report a problem | ||
| 7/1/2026 | Listed for sale | $599,000-14.4%$868/sqft |
Source: AGSMLS #193581 Report a problem | ||
| 1/1/2026 | Listing removed | $699,900$1,014/sqft |
Source: AGSMLS #188999 Report a problem | ||
| 6/30/2025 | Listed for sale | $699,900+399.9%$1,014/sqft |
Source: AGSMLS #188999 Report a problem | ||
| 9/3/2003 | Sold | $140,000$203/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,113 +37% | $60,750 +39.8% |
| 2024 | $3,733 -0.6% | $43,460 |
| 2023 | $3,756 -1.5% | $43,460 +6.2% |
| 2022 | $3,813 | $40,940 |
| 2021 | -- | $40,940 -9.5% |
| 2020 | $4,061 -1.2% | $45,220 |
| 2019 | $4,109 | $45,220 +2% |
| 2018 | $4,109 +0.5% | $44,340 |
| 2017 | $4,087 +4.6% | $44,340 -2.7% |
| 2016 | $3,909 -4.2% | $45,580 |
| 2015 | $4,078 +5.2% | $45,580 -0.9% |
| 2014 | $3,876 | $46,010 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 81621
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