The Colorado Midland Depot was the first passenger loading area and mail station in the central valley. It was a source of pride and the center of the town. By 1919 the railroad departed Basalt. From 1930 the building was repurposed as an International Harvester dealership, a cheese factory, a liquor store, a service station with a pizza place and ice cream parlor, and The Basalt Bank. In 1976 Alpine Bank purchased the structure, did an extensive remodel, and brought the building to its current state.