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    98 Main St Gunnison, UT 84634

    For Sale
    $350,000

    Historic Gunnison retail building, corner lot, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 2-story commercial building, situated on a desirable corner lot in historic Gunnison, UT, presents a unique investment opportunity. Originally constructed in 1910 as a ZCMI store and listed on the historical registry, this property boasts significant character and charm. The building currently operates as a thriving material/quilt store, but its versatile layout offers immense potential for a variety of businesses. The main level features original hardwood floors, a metal tile ceiling, a handicap-accessible bathroom, and ample storage space in the rear and side of the building. Front and side parking is available. The lower level also has tinted windows. The upper level, recently renovated with new wiring and ceilings, currently houses a dance studio (under separate lease) and additional office spaces. This level includes two bathrooms. The building is equipped with two gas furnaces and an air conditioner. All upstairs windows are low-E. The roof is only two years old. The asking price of $350,000 is for the building only

    Property Features for 98 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    4,792 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quilt S'More Fabric Store

    Map

    City
    Gunnison
    County
    Sanpete
    State
    Utah
    Longitude
    -111.8185
    Latitude
    39.15384

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Historic Gunnison retail building, corner lot, high potential.
    Where is this retail property located?
    The property is located at 98 Main St Gunnison, UT.
    What is the asking price?
    The asking price for this property is $350,000.
    (435) 528-7717
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    98 Main St Gunnison, UT 84634
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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
    98 Main St Gunnison, UT 84634
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