Highly Visible Retail
2194 Fort Union Boulevard, Salt Lake City, UT 84121
For Sale
Contact for pricing
Retail building with strong frontage and flexible owner-user potential for healthcare, wellness, or service uses.
Property Size2,100 SF
Price / SF$456.19
Days on Market149
Property Features for 2194 Fort Union Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Listing Agency:
Align Real Estate
Listed By:
Jody Jones · License UT 9333926-SA0
(801) 577-2175
Source:
Crexi
Added: Jun 15
Changed: Nov 1
Last Checked: Nov 10 at 8:09AM
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 Align Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail property offers a standalone, highly visible building with approximately 2,100 square feet of space, designed to support a variety of storefront and service-oriented uses. The asset is presented as a flexible owner-user opportunity, with room for concepts such as boutique retail, beauty services, specialty food, pet services, and related professional offerings.
The building is located along Fort Union Boulevard in Cottonwood Heights, within one of Salt Lake County’s established commercial corridors. The property benefits from frontage exposure on a primary thoroughfare and is positioned to serve a trade area described as educated and affluent.
For tenant or owner-operators, the current configuration is well suited to wellness and healthcare-adjacent businesses, including med spa operations, dental or orthodontic practices, and similar specialty services. The same storefront footprint can also support tutoring centers, fitness concepts, and professional-service retailers seeking a prominent retail address in a concentrated commercial setting. This is an opportunity for an owner to align the space with a targeted consumer-facing use while leveraging the property’s visibility on a major retail corridor.
The building is located along Fort Union Boulevard in Cottonwood Heights, within one of Salt Lake County’s established commercial corridors. The property benefits from frontage exposure on a primary thoroughfare and is positioned to serve a trade area described as educated and affluent.
For tenant or owner-operators, the current configuration is well suited to wellness and healthcare-adjacent businesses, including med spa operations, dental or orthodontic practices, and similar specialty services. The same storefront footprint can also support tutoring centers, fitness concepts, and professional-service retailers seeking a prominent retail address in a concentrated commercial setting. This is an opportunity for an owner to align the space with a targeted consumer-facing use while leveraging the property’s visibility on a major retail corridor.
Key Highlights
- 2,100 SF retail building on Fort Union Boulevard in Cottonwood Heights
- Strong frontage on one of Salt Lake County’s established commercial corridors
- Flexible owner‑user potential with retail and service use suitability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,377
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,540
$627.5K
Cap Rate 7%
$448,243
$448.2K
Cap Rate 9%
$348,633
$348.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$46.1K $21.96/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$44.8K $21.35/SF
− OpEx
−$13.4K −$6.40/SF
NOI
$31.4K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,540
Cap Rate 7%
$448,243
Cap Rate 9%
$348,633
Alternative Uses
Best Use
Retail
$448.2K
$392.2K – $523.0K
NOI $31,377 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,604 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
McDonald's
Dining
29,824 visits/mo
0.5 miles
Taco Bell
Dining
15,335 visits/mo
0.5 miles
Sinclair
Shops & Services
14,029 visits/mo
0.1 miles
Starbucks
Dining
12,009 visits/mo
0.4 miles
Dollar Tree
Shops & Services
11,316 visits/mo
0.1 miles
Demographics for 84121, UT
41,628
Population
16,669
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
97%
High-School Grad
64.5 sq mi
ZIP Area
645
Density / Sq Mi
$114,912
Median Household Income
$56,990
Median Earnings
$1,732
Median Rent
$614,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Salt Lake County, UT
Properties on Market for Storefront properties in Salt Lake County
Vacancy Rate% for Retail in Salt Lake City, UT
Similar Off Market Nearby
- Cottonwood Heights Flower Delivery — Order Pickup in Lobby, 7109 S Highland Dr #5, Cottonwood Heights, UT 84121
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with strong frontage and flexible owner-user potential for healthcare, wellness, or service uses.
Where is this storefront property located?
The property is located at 2194 Fort Union Boulevard Salt Lake City, UT.
What is the asking price?
The asking price for this property is $958,000.
What are key features of this property?
This property features: 2,100 SF retail building on Fort Union Boulevard in Cottonwood Heights; Strong frontage on one of Salt Lake County’s established commercial corridors; Flexible owner‑user potential with retail and service use suitability
