122 W Main Street, Aspen, CO 81611 (MLS# 190058)

122 W Main Street, Aspen, CO 81611

$12,000,000

Property Type: Commercial Sale Square Footage: 3,488 Lot Size (sq. ft.): 3,354 Status: Closed

Current Price: $12,000,000 List Date: 9/09/2025 Last Modified: 4/01/2026

Overview

Description

122 W Main Street - A rare mixed-use opportunity in the heart of Aspen, this property combines investment potential, functionality, and lifestyle flexibility in one remarkable offering. Commercial Utilization - The main and lower-level commercial spaces feature a collection of beautifully finished private and group offices. The main level includes five private offices and a dedicated workroom (ideal for storage and printing), all filled with natural light and designed for efficiency. These offices create a productive atmosphere just steps from Aspen's world-class amenities. The sub level adds a private office and conference room (each with closet storage), a resort-style kitchen, and a shared work area. Both commercial levels are serviced by an elevator. The current business occupant's term extends through 2028 with three additional two-year renewal options, providing an income-producing investment. Residential Use & Rental - The upper level hosts a residential lodge, offer ... (Read more) 122 W Main Street - A rare mixed-use opportunity in the heart of Aspen, this property combines investment potential, functionality, and lifestyle flexibility in one remarkable offering. Commercial Utilization - The main and lower-level commercial spaces feature a collection of beautifully finished private and group offices. The main level includes five private offices and a dedicated workroom (ideal for storage and printing), all filled with natural light and designed for efficiency. These offices create a productive atmosphere just steps from Aspen's world-class amenities. The sub level adds a private office and conference room (each with closet storage), a resort-style kitchen, and a shared work area. Both commercial levels are serviced by an elevator. The current business occupant's term extends through 2028 with three additional two-year renewal options, providing an income-producing investment. Residential Use & Rental - The upper level hosts a residential lodge, offering a luxurious private retreat with excellent rental potential. Interiors showcase mountain-modern elegance with vaulted ceilings, exposed wood beams, and natural stone accents. The open living and dining area, anchored by a cozy stone fireplace, is ideal for gathering, while spa-inspired bathrooms and private bedrooms create serene spaces for relaxation. Expansive windows frame Aspen's famed Ajax Mountain, filling the lodge with light and enhancing its mountain charm. The main level of the lodge includes two bedrooms, each with en-suite bathrooms, plus a full kitchen, living room, dining room, and laundry with half bath. One bedroom opens to a back deck with hot tub. The loft, accessed by a spiral staircase, offers a family room overlooking the great room, a bunk room with five beds, a full bath, and a separate bedroom, totaling two king beds, one queen bed, and five bunks. The lodge is sold fully furnished, and an elevator services the main residential level. Location - Perfectly positioned on West Main Street, the property offers quick access to Aspen's dining, boutiques, cultural venues, parks, recreation, and skiing. The Yellow Brick School and park are just a half block north, Clark's Market is minutes away, and Paepcke Park sits kitty-corner from the property. A RFTA bus stop is less than a block down Main Street. Whether you're seeking an investment, a productive professional base, or a private mountain retreat, 122 W Main Street delivers a rare combination of commercial investment and lifestyle in one of the world's most coveted destinations. Note: Aspen's lodge designation allows for owner occupancy up to 90 days per year with no more than 30 days consecutive. Please review associated documents for further details. All information is subject to change and/or error. Buyer to verify all details.

Listing Details MLS# 190058

Location Info

Inside City Limits: Yes
Condominiumized: Yes
Zoning City: Aspen
Zoning County: Pitkin
Type: Commercial
Major Area: Aspen
Area: 01-West End
Asking Price: 13250000
Original List Price: 13250000
Street #: 122
Street Direction Pfx: W
Street Name: Main
Street Suffix: Street
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Total Building SqFt: 1.001 - 5,000
Association Dues: No
Fee's $: No

Listing Info

Occupant Type: Tenant
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association

General Info

Sub/Loc: None
County: Pitkin
Legal: Commercial Space: 122 West Main Street, Units 118-120,122-124 Legal Description: Condominium units 118-120 and 122-124, Ajax View Commercial Building/Northstar Office Building Condominiums, according to the condominium map thereof recorded March 29,1996 as Reception No. 391273, and further defined and described in condominium declaration recorded April 1, 1996 at Reception No. 391339, Pitkin County, Colorado Lodge 122 West Main Street, Units 126-128 Legal Description: Condominium units 126-128, Ajax View Commercial Building/Northstar Office Building Condominiums, according to the condominium map thereof recorded March 29,1996 as Reception No. 391273, and further defined and described in condominium declaration recorded April 1, 1996 at Reception No. 391339, Pitkin County, Colorado
Zoning: MU
Lot SqFt: 3354
Nbr of Acres: 0.08
Stories: 3
Total SqFt: 3488
Unit SqFt: 3488
Inventory: No
Parcel #: 273512477011
Year Built: 1995
Year Remodeled: 2019
Directions: North side of Main Street between N Garmisch and N 1st Streets.

Financing Info

Metro Tax District: No
Taxes: 35520.28
Tax Year: 2025
Transfer Tax: Yes
HOA Dues: 0
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2026-01-30
Proposed Close Date: 2026-03-31
Sold Date: 2026-03-31
Sold Price Per/SF: 3440.37
How Sold: Cash

More Information

Remarks

Public Remarks: 122 W Main Street - A rare mixed-use opportunity in the heart of Aspen, this property combines investment potential, functionality, and lifestyle flexibility in one remarkable offering. Commercial Utilization - The main and lower-level commercial spaces feature a collection of beautifully finished private and group offices. The main level includes five private offices and a dedicated workroom (ideal for storage and printing), all filled with natural light and designed for efficiency. These offices create a productive atmosphere just steps from Aspen's world-class amenities. The sub level adds a private office and conference room (each with closet storage), a resort-style kitchen, and a shared work area. Both commercial levels are serviced by an elevator. The current business occupant's term extends through 2028 with three additional two-year renewal options, providing an income-producing investment. Residential Use & Rental - The upper level hosts a residential lodge, offering a luxurious private retreat with excellent rental potential. Interiors showcase mountain-modern elegance with vaulted ceilings, exposed wood beams, and natural stone accents. The open living and dining area, anchored by a cozy stone fireplace, is ideal for gathering, while spa-inspired bathrooms and private bedrooms create serene spaces for relaxation. Expansive windows frame Aspen's famed Ajax Mountain, filling the lodge with light and enhancing its mountain charm. The main level of the lodge includes two bedrooms, each with en-suite bathrooms, plus a full kitchen, living room, dining room, and laundry with half bath. One bedroom opens to a back deck with hot tub. The loft, accessed by a spiral staircase, offers a family room overlooking the great room, a bunk room with five beds, a full bath, and a separate bedroom, totaling two king beds, one queen bed, and five bunks. The lodge is sold fully furnished, and an elevator services the main residential level. Location - Perfectly positioned on West Main Street, the property offers quick access to Aspen's dining, boutiques, cultural venues, parks, recreation, and skiing. The Yellow Brick School and park are just a half block north, Clark's Market is minutes away, and Paepcke Park sits kitty-corner from the property. A RFTA bus stop is less than a block down Main Street. Whether you're seeking an investment, a productive professional base, or a private mountain retreat, 122 W Main Street delivers a rare combination of commercial investment and lifestyle in one of the world's most coveted destinations. Note: Aspen's lodge designation allows for owner occupancy up to 90 days per year with no more than 30 days consecutive. Please review associated documents for further details. All information is subject to change and/or error. Buyer to verify all details.

Current Use

Other: Finance / Lodge
Income: Yes

Units

Units: 2

Allowable Uses

Hotel/Lodge: Yes
Income: Yes
Mixed Use: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes
Other: Yes

Construction

Frame: Yes

Access

Paved: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Finished: Yes

Gas

Natural Gas: Yes

Roof

Composition Shingles: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Elevator: Yes
Fire Alarm: Yes
Fire Sprinkler Sys: Yes
Fireplace: Yes
Furnished: Yes
Kitchen Area: Yes
Landscaped: Yes
Laundry: Yes
Living Quarters: Yes
Restrooms: Yes
Security System: Yes
Smoke Detectors: Yes
Storage: Yes
ADA Compliant: Yes

Heating/Cooling

Central AC: Yes
Central Heating: Yes

Location Amenities

High Traffic Loc: Yes
High Visibility: Yes
View: Yes

Mineral Rights

No: Yes

Parking

1 - 5 Spaces: Yes
Common: Yes
Street Parking: Yes

Occupant

Owner Occupied: Yes
Tenant Occupied: Yes
3 - 5 Years: Yes
Option to Renew: Yes

Terms Offered

Cash: Yes
Lease Back: Yes

Possession

DOD: Yes
Subject to Lease: Yes

Property Features

Allowable Uses: Hotel/Lodge; Income; Mixed Use; Office; Restaurant/Bar; Retail; Other Current Use: Income Construction: Frame Roof: Composition Shingles Condition: Excellent Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Parking: 1 - 5 Spaces; Common; Street Parking Access: Paved Extras: ADA Compliant; Elevator; Fire Alarm; Fire Sprinkler Sys; Fireplace; Furnished; Kitchen Area; Landscaped; Laundry; Living Quarters; Restrooms; Security System; Smoke Detectors; Storage Location Amenities: High Traffic Loc; High Visibility; View Occupant: Owner Occupied; Tenant Occupied; 3 - 5 Years; Option to Renew Water Rights: No Mineral Rights: No Terms Offered: Cash; Lease Back Possession: DOD; Subject to Lease

Documents

122 W Main Property info summary ›

MU Zoning ›

Assessor Records, basement commercial ›

Assessor Records, main commercial ›

Assessor Records, Lodge plus loft ›

Assessor Records, Condo Assn ›

BendonAdams Narrative ›

Listing Office: Douglas Elliman Real Estate-Hyman Ave

Last Updated: April - 01 - 2026

Broker Attribution: (970) 925-8810

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