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    242 N Main St Spanish Fork, UT 84660

    For Sale
    $895,000

    COMMERCIAL - Spanish Fork, UT

    Type:Retail
    Lot size:
    0.05 Acres
    Days on Market:
    155
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 242 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    Rooms
    Basement
    APN
    07-068-0010
    Interior features
    Basement, Computer, Dishwasher, Elevator: Freight, Kitchen, Range/Oven, Refrigerator, Restroom: Private, Restroom: Public, Sprinkler System Fire
    Exterior features
    Paved Parking, Security Lighting
    Accessibility
    Accessible Elevator Installed
    Appliances
    Furniture, Franchise, Real Estate, Supplies
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1950
    Flooring type
    Tile, Carpet, Concrete
    Roof type
    Flat

    Realtypath (801) 386-5908 [email protected]

    Listing agent Rene Romero (801) 427-3762

    Listing date Jul 10, 2025

    Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant with Apartment For Sale

    This commercial property in Spanish Fork, UT, presents an opportunity with seller financing available. The property features a restaurant and a three-bedroom apartment on the top floor. The restaurant has been a local eatery for over 20 years, known for its food and atmosphere. It has a customer base and a reputation, making it an investment opportunity. The addition of the three-bedroom apartment enhances the property's appeal, offering both residential and business potential. The lot size is 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rub N Grub KC BBQ

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.6544522
    Latitude
    40.1128896

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    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant with a spacious three-bedroom apartment.
    Where is this restaurant located?
    The property is located at 242 N Main St Spanish Fork, UT.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Established Restaurant with Proven Track Record: Over 20 years of success and a loyal customer base.; - Seller Financing Available: Attractive financing option.; - Spacious Three-Bedroom Apartment: Offers residential living or rental income potential.
    (801) 427-3762
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    242 N Main St Spanish Fork, UT 84660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 N Main St Spanish Fork, UT 84660
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