Main Street Storefront
For Sale
$450,000
Pending
7678 S MAIN ST, Midvale, UT 84047
Freestanding commercial building with rear parking, an independent sewer system, and former salon improvements.
Property Size1,296 SF
Days on Market125
Property Features for 7678 S MAIN ST
General Information
Standard status
Pending
Size
1,296 SF
Total Parking Spaces
2
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$900
Building Details
Building Size
1,296 SF
Year Built
1939
Listing Agency:
Equity Real Estate (Advantage)
Listed By:
Jolynn Petrlich
(801) 747-9177
Source:
Acresutah
Added: Jun 12
Changed: Oct 10
Last Checked: Oct 13 at 3:29AM
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 Equity Real Estate (Advantage)
Investment Insights
Based on property information with market context.
Built in 1939, this storefront property at 7678 S Main St in Midvale, Utah includes a commercial area at the front and a rear section that originally contained a two-bedroom apartment. Existing hookups remain in place for that rear configuration. The building is being offered in as-is condition.
Two parking spaces are located behind the property. The sewer system has been reconstructed and separated from the neighboring block of buildings, creating an independent connection for the property. The space was previously operated as a beauty salon, providing an established commercial layout for a new owner to evaluate and adapt.
Two parking spaces are located behind the property. The sewer system has been reconstructed and separated from the neighboring block of buildings, creating an independent connection for the property. The space was previously operated as a beauty salon, providing an established commercial layout for a new owner to evaluate and adapt.
Key Highlights
- Storefront property at 7678 S MAIN ST, Midvale, UT 84047
- Built in 1939
- Two parking spaces positioned at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,410
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,200
$388.2K
Cap Rate 7%
$277,286
$277.3K
Cap Rate 9%
$215,667
$215.7K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$28.5K $21.96/SF
− Vacancy
−$731 −$0.56/SF
EGI
$27.7K $21.40/SF
− OpEx
−$8.3K −$6.42/SF
NOI
$19.4K $14.98/SF
Area
Salt Lake County, UT
Vacancy
2.57%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,200
Cap Rate 7%
$277,286
Cap Rate 9%
$215,667
Alternative Uses
Best Use
Retail
$277.3K
$242.6K – $323.5K
NOI $19,410 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.26M
$15.10M – $20.13M
NOI $1,207,970 @ 7.0% cap · market cap 268.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Artisan Bloom — 7573 S Main St, Midvale, UT 84047
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with rear parking, an independent sewer system, and former salon improvements.
Where is this storefront property located?
The property is located at 7678 S MAIN ST Midvale, UT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Storefront property at 7678 S MAIN ST, Midvale, UT 84047; Built in 1939; Two parking spaces positioned at the rear
