Mixed-Use Property with
For Sale
$2,800,000
1485 S Major St, Salt Lake City, UT 84115
Commercial and industrial zoning supports a property combining warehouse, bar, and residential space.
Property Size12,510 SF
Price / SF$223.82
Days on Market380
Property Features for 1485 S Major St
General Information
Standard status
Active
Size
12,510 SF
Property subtype
Commercial
Zoning
Commercial, Industrial
Site & Location
Neighborhood
Ballpark
Road Access
Yes
Warehouse & Industrial
Clear Height
13 ft
Warehouse Space
6,572 SF
Drive-In Doors
2
Power
400 amps
Voltage
208 V
Three-Phase Power
Yes
Additional Details
Property Use
Warehouse, Bar, Residence
Taxes and HOA fees
Annual Taxes
$12,820
Amenities
Paved Parking
Warehouse
Building Details
Year Built
1922
Building Size
12,510 SF
Listing Agency:
Legend Commercial, LLC
(801) 930-6750
Listed By:
Skyler Peterson · License #6991009
(801) 656-7354
Source:
Etzelonline
Added: Oct 10, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:54PM
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 Legend Commercial, LLC
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Investment Insights
Based on property information with market context.
This 12,510-SF mixed-use property brings together a 6,572-SF warehouse, a 3,220-SF bar area, and a 2,718-SF residence. The residence includes 2,302 SF on the first floor and 416 SF on the second. Warehouse features include 10'-13' clear height, two grade-level doors, skylights, compressed airlines, water spigots, and floor drains. Gas forced heat serves the property, and electrical service is 400 Amp, 208/120V, 3 phase. Bathrooms are provided in the warehouse, bar, and residence. The building was constructed in 1922 and has commercial and industrial zoning.
The property has quick access from State Street. The warehouse doors measure 12'x12' and 12'x10'.
The property has quick access from State Street. The warehouse doors measure 12'x12' and 12'x10'.
Key Highlights
- 12,510 SF total: 6,572 SF warehouse, 3,220 SF bar, and 2,718 SF residence
- Warehouse clear height of 10'-13'
- Two warehouse grade‑level doors: 12'x12' and 12'x10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,573
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,171,460
$4.2M
Cap Rate 7%
$2,979,614
$3.0M
Cap Rate 9%
$2,317,478
$2.3M
Market Conditions
NOI Build-Up for 12,510 SF
Gross rent
$285.2K $22.80/SF
− Vacancy
−$7.1K −$0.57/SF
EGI
$278.1K $22.23/SF
− OpEx
−$69.5K −$5.56/SF
NOI
$208.6K $16.67/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,171,460
Cap Rate 7%
$2,979,614
Cap Rate 9%
$2,317,478
Alternative Uses
Best Use
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,573 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$2.47M
$2.16M – $2.88M
NOI $172,638 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,926 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
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Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and industrial zoning supports a property combining warehouse, bar, and residential space.
Where is this mixed-use property located?
The property is located at 1485 S Major St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 12,510 SF total: 6,572 SF warehouse, 3,220 SF bar, and 2,718 SF residence; Warehouse clear height of 10'-13'; Two warehouse grade‑level doors: 12'x12' and 12'x10'
