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Converted Office Building
For Lease
$1,400,000

59 N 500 W, Lehi, UT 84043

Commercial Sale Commercial Lease, Lehi, UT

Space SizeContact for details
Lot Size0.65 Acres
Days on Market317

Property Features for 59 N 500 W

General Information

Property type Commercial Lease
Property subtype Other
Zoning description COM
Subdivision Am Fork; Hlnd; Lehi; Saratog.
Standard status Active
APN 13-022-0043
Lot size 0.65 Acres

Taxes and HOA fees

Tax Annual Amount 1848

Building Details

Year built 1891
Listing Agency: Northern Realty Inc
Listed By: Rose Alvarado Lozano
Added: Oct 10, 2025 Changed: Aug 20 Last Checked: Aug 22 at 1:06AM
MLS# 2117240

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Investment Insights

Based on property information with market context.

This office building occupies a 0.65-acre parcel and was converted from a single-family residence to commercial use 2 years ago. The existing layout includes three bedrooms upstairs, one bedroom downstairs, and one bathroom on each level. The rooms can be configured as five offices, providing a defined starting point for an office user seeking a nontraditional layout.

Built in 1891, the property also offers a stated conversion path to a bed and breakfast. The existing building and site provide flexibility for continued office use or a hospitality-oriented configuration, subject to applicable approvals. The property is located down the street from the Rodeo.

Key Highlights

  • Converted from a single‑family residence to commercial use 2 years ago
  • 0.65‑acre parcel
  • Three bedrooms upstairs and one bedroom downstairs

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Auto Parts Store Pharmacy

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

472
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 - Commercially converted building with flexible room configuration and additional land area.
Where is this office building located?
The property is located at 59 N 500 W Lehi, UT.
What is the lease rate?
The lease rate is $1,400,000.
What are key features of this property?
This property features: Converted from a single‑family residence to commercial use 2 years ago; 0.65‑acre parcel; Three bedrooms upstairs and one bedroom downstairs
More about this property
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