Retail and Rear Warehouse
244 N Main St Spanish Fork, UT 84660
For Sale
Contact for pricing
Two-level main-floor retail space includes a rear warehouse for shipping and receiving, with onsite parking.
Property Size6,801 SF
Price / SF$205.85
Days on Market105
Property Features for 244 N Main St
General Information
Standard status
Active
Size
6,801 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Utah County
(801) 666-4256
Listed By:
David Runnells
Source:
Moodyscre
Added: Apr 16
Changed: Jul 25
Last Checked: Jul 29 at 4:11PM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This property offers retail space across two levels, with 2,972 SF available (2,000 SF on the main floor and 972 SF on the lower level). A 1,300 SF rear warehouse is included in the available area and is suited for shipping and receiving. The building also has a stable storefront tenant in place on the main floor (Preloved), and additional unit space may be available.
The property is located on Main Street and includes 20 private parking stalls plus 20 open parking stalls. Building height is 27 feet, and crown signage is permitted.
Available configuration includes both storefront/main-floor and lower-level space, supported by the rear warehouse component for back-of-house operations related to receiving and distribution.
The property is located on Main Street and includes 20 private parking stalls plus 20 open parking stalls. Building height is 27 feet, and crown signage is permitted.
Available configuration includes both storefront/main-floor and lower-level space, supported by the rear warehouse component for back-of-house operations related to receiving and distribution.
Key Highlights
- Stable Preloved storefront tenant on the main floor with in‑place rent of $4,300/month NNN (exp. Nov. 2026)
- Two‑level retail space totaling 2,972 SF available: 2,000 SF up and 972 SF down, for owner‑user or lease‑up
- Rear 1,300 SF warehouse included for shipping and receiving
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 | $169.8k | $24.96 |
| − Vacancy | −$7.1k | −$1.05 |
| EGI | $162.6k | $23.91 |
| − OpEx | −$48.8k | −$7.17 |
| NOI | $113.8k | $16.74 |
6,801 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,836 @ 7.0% cap · market cap 8.13%
Second Best
Warehouse
$939.5K
$822.0K – $1.10M
NOI $65,763 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,232 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-level main-floor retail space includes a rear warehouse for shipping and receiving, with onsite parking.
Where is this retail space located?
The property is located at 244 N Main St Spanish Fork, UT.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Stable Preloved storefront tenant on the main floor with in‑place rent of $4,300/month NNN (exp. Nov. 2026); Two‑level retail space totaling 2,972 SF available: 2,000 SF up and 972 SF down, for owner‑user or lease‑up; Rear 1,300 SF warehouse included for shipping and receiving
