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    18 Rio Grande St Salt Lake City, UT 84101

    For Lease
    $25 SF/Yr

    Downtown SLC retail & office space. High-traffic location.

    Lot size:
    623,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Gateway Mall, a prominent Salt Lake City landmark originally constructed for the 2002 Winter Olympics, presents a unique investment opportunity. This 623,000 square foot, two-story retail and office complex sits on a 21-acre lot at 18 N Rio Grande St, Salt Lake City, UT 84101 (APN: 15-01-177-009, 15-01-131-1018, 08-36-376-015, 08-36-376-014, 08-36-376-013, Cross Street: 500 West). The property features multiple tenancies, with spaces ranging from a minimum divisible size of 1,741 square feet to a maximum contiguous space of 22,000 square feet. Under new management, The Gateway Mall has undergone significant improvements, incorporating new features designed to enhance the visitor experience. These include multiple art exhibits, outdoor recreation areas, and inviting walking paths. Its prime location in the heart of downtown Salt Lake City ensures high visibility and consistent foot traffic, making it an attractive destination for both locals and tourists. This iconic shopping center continues to be a vital part of the Salt Lake City landscape, offering a compelling investment opportunity in a thriving urban environment. The property's strategic location and recent upgrades position it for continued success and strong returns.

    Property Features for 18 Rio Grande St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    623,000 SF
    Total Rate
    1297916.67

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Suite 2
    Size
    2,538 SF
    Rate per SF
    $25
    Space
    Block C | Level 2 & 3
    Size
    33,322 SF
    Rate per SF
    $25
    Space
    Suite 72
    Size
    3,726 SF
    Rate per SF
    $25
    Space
    Suite 117
    Size
    947 SF
    Rate per SF
    $25
    Space
    Suite 60
    Size
    4,538 SF
    Rate per SF
    $25
    Space
    Block C | Level 1
    Size
    23,424 SF
    Rate per SF
    $25
    Space
    Suite 67
    Size
    481 SF
    Rate per SF
    $25
    Space
    Suite 59
    Size
    1,887 SF
    Rate per SF
    $25
    Space
    Suite 62
    Size
    3,400 SF
    Rate per SF
    $25
    Space
    Block A
    Size
    22,000 SF
    Rate per SF
    $25
    Space
    Suite 48 | Second Gen Coffee Shop
    Size
    1,274 SF
    Rate per SF
    $25
    Space
    Suite 93
    Size
    6,608 SF
    Rate per SF
    $25
    Space
    Suite 101
    Size
    1,829 SF
    Rate per SF
    $25
    Space
    Suite 98
    Size
    1,741 SF
    Rate per SF
    $25
    Space
    Suite 69
    Size
    958 SF
    Rate per SF
    $25
    Space
    Suite 100
    Size
    5,036 SF
    Rate per SF
    $25

    HighLights

    • High‑traffic retail and restaurant spaces available for lease.
    • One block from Vivint Arena.
    • Vibrant, active development hosting over 200 annual events.
    • Over 1 million square feet of daytime office occupancy nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gateway Management Office Corporate Office EVgo Charging Station Electric Vehicle Charging Station Don Rickles Mural Art Handcraft Festa Italiana SLC Non-Profit Organization Mind The Gap Music ... Festival

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9036493
    Latitude
    40.7687681

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown SLC retail & office space. High-traffic location.
    Where is this office property / space located?
    The property is located at 18 Rio Grande St Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High-traffic retail and restaurant spaces available for lease.; One block from Vivint Arena.; Vibrant, active development hosting over 200 annual events.
    Request Owner's contact information
    18 Rio Grande St Salt Lake City, UT 84101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Rio Grande St Salt Lake City, UT 84101
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