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Modern Office Building Amenities
For Lease
$6,935/Mo

1557 W Innovation Way, Lehi, UT 84043

Modern office building with structured parking, panoramic views, and shared conference, fitness, and wellness amenities.

Space SizeContact for details
Days on Market107

Property Features for 1557 W Innovation Way

General Information

Standard status Active
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Amenities

tenant lounges
fitness centers
yoga studio
private lockers/shower
shared conference/training center
food truck court
Innovation Park
secure indoor fob-accessible bike storage
outdoor patio
on-site tenant ambassador
property management
multiple fiber optic provider connectivity
Listing Agency: Salt Lake City - Millrock
Listed By: Brandon Fugal · License #5477023-SA00
Source: Colliers
Added: May 18 Changed: Aug 17 Last Checked: Aug 31 at 12:49PM

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 Salt Lake City - Millrock

Investment Insights

Based on property information with market context.

This modern office building is designed to support a contemporary workplace, with tenant lounges, fitness centers, and a yoga studio. Amenities also include private lockers/showers, a shared conference/training center, and an outdoor patio. The property offers secure indoor, fob-accessible bike storage and multiple fiber optic provider connectivity for tenant communications needs.

Located at 1557 W Innovation Way in Lehi, UT, the site provides easy freeway and arterial access and is near retail, restaurants, hotels, and the Mountain Point Medical Center. On-site tenant ambassador services and property management are included.

Parking is supported by a 5.5/1,000 total parking ratio with structured/covered parking. The property sits at the starting point of the 18-mile paved Murdock cycling trail system and includes access to an on-site food truck court within Innovation Park.

Key Highlights

  • Modern office building with structured/covered parking and a 5.5/1,000 total parking ratio
  • Shared tenant amenities include conference/training center, fitness center, and yoga studio
  • Tenant facilities include lounge areas plus private lockers/showers

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 84043, UT

76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Modern office building with structured parking, panoramic views, and shared conference, fitness, and wellness amenities.
Where is this office building located?
The property is located at 1557 W Innovation Way Lehi, UT.
What is the lease rate?
The lease rate is $6,935/Mo.
What are key features of this property?
This property features: Modern office building with structured/covered parking and a 5.5/1,000 total parking ratio; Shared tenant amenities include conference/training center, fitness center, and yoga studio; Tenant facilities include lounge areas plus private lockers/showers
More about this property
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