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    Historic Main Street Retail Space Title is generated by Realmo AI

    151 S Main St, Salt Lake City, UT

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    Iconic Salt Lake City building with approximately 15,000 square feet.

    Type:RETAIL
    Property size:
    15,000 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $233/SF
    Added:
    Jun 9, 2025
    Days on Market:
    373
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 151 S Main St

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    0.12 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Kip Paul
    Kip Paul

    Listing agent Kip Paul

    Listing office Cushman & Wakefield | Salt Lake City

    Listing date Jun 9, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Salt Lake City

    HighLights

    • 15,000 square feet of space
    • Located on Salt Lake City’s iconic Main Street
    • Historic building: The Tracy Loan and Trust Co. Building
    • Beautifully preserved space
    • Investment opportunity

    Overview

    This investment opportunity features approximately 15,000 square feet of historic and beautifully preserved space. The property is located on Main Street in Salt Lake City.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $329.4k $21.96
    − Vacancy −$9.2k −$0.61
    EGI $320.2k $21.35
    − OpEx −$96.1k −$6.40
    NOI $224.1k $14.94
    15,000 SF · lease $21.96/SF/yr · vacancy 2.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.20M
    $2.80M – $3.74M (±1% cap)
    NOI $224,124 @ 7.0% cap · market cap 6.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.04M
    $3.54M – $4.71M (±1% cap)
    NOI $282,885 @ 7.0% cap · market cap 8.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mill Art Consulting Consultant humancareinc Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

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    • The English Garden Florist — 210 E 400 S, Salt Lake City, UT 84111

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7658

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    FAQs

    What type of property is this?
    Storefront property - Iconic Salt Lake City building with approximately 15,000 square feet.
    Where is this storefront property located?
    The property is located at 151 S Main St Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 15,000 square feet of space; Located on Salt Lake City’s iconic Main Street; Historic building: The Tracy Loan and Trust Co. Building
    (801) 303-5555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kip Paul
    Kip Paul
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