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Historic Warehouse in CBD Heart
For Lease
$17 SF/Yr

150 South State Street, Salt Lake City, UT 84111

Upgraded warehouse with retail/office potential near City Creek Center.

Space SizeContact for details
Property Size53,000 SF
Days on Market256

Property Features for 150 South State Street

General Information

Standard status Active
Size 53,000 SF
Property subtype Office
Listing Agency: InterNet Properties
Listed By: Andy Renfro
Source: Iproperties
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Aug 4 at 4:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of InterNet Properties

Investment Insights

Based on property information with market context.

This building, originally constructed as a warehouse in the early 1900s, has recently undergone interior upgrades. The property features wood floors, exposed brick, and details under a stucco façade. Cast iron decorative columns and windows are present on all sides of the building. The property is located in the heart of the CBD, next to the City Creek Center project. It is within walking distance of shopping, Temple Square, The Alta Club, Trax, and numerous local restaurants. The building offers a potential tenant a variety of different retail, office, or warehouse options. The property has a size of 53000 square feet.

Key Highlights

  • Prime location in the heart of CBD, next to the new City Creek Center.
  • Walking distance to shopping, Temple Square, The Alta Club, Trax, and numerous local restaurants.
  • Versatile space suitable for retail, office, or warehouse use.

Property Analytics

Current Use

Saasuma (Bike/Boat/Book/etc) Store Homeworkable (Bike/Boat/Book/etc) Store Webware.io Advertising Agency SearchMyDocs Inc (Bike/Boat/Book/etc) Store datalab.cc Vocational School

Suggested Use

Top Pick Building Supply Auto Parts Store Veterinary Clinic (Bike/Boat/Book/etc) Store Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,475
Businesses Nearby

Demographics for 84111, UT

12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value

Market

Lease Benchmarks for Salt Lake City, UT

$22.8 /SF/Yr
Avg Asking Price
$0.67–$69.06 /SF/Yr
Price Range
17,810 SF
Avg Space Size

This space is priced 25% below the average of $22.8 /SF/Yr.

Vacancy Rate% for Office in Salt Lake City, UT

9.7% 2019
14.7% 2020
17.9% 2021
19.3% 2022
23.6% 2023
24.8% 2024
23.1% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Upgraded warehouse with retail/office potential near City Creek Center.
Where is this office units located?
The property is located at 150 South State Street Salt Lake City, UT.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of CBD, next to the new City Creek Center.; Walking distance to shopping, Temple Square, The Alta Club, Trax, and numerous local restaurants.; Versatile space suitable for retail, office, or warehouse use.
More about this property
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