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    1581 Main St Tooele, UT 84074

    Sponsored
    For Lease
    Contact for pricing

    1.01-Acre Retail Pad, High Traffic Area

    Lot size:
    43,996 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.01-acre commercial land parcel presents a unique ground lease or purchase opportunity in Tooele's thriving retail submarket. Located at 1581 N Main Street, this property boasts an enviable position with excellent visibility and immediate access to SR 36. The lot size is 439,956 square feet, zoned CG (Commercial General), and offers a prime location for businesses seeking high traffic exposure. The property's strategic placement on Main Street, near the intersection of Main Street and 1600 N, ensures significant daily traffic counts, with an average daily traffic (ADT) of 29,103 vehicles. This translates to substantial potential for customer reach and business growth. The property is ideal for a drive-thru business, further enhancing its appeal and functionality. Financial terms are flexible, offering a ground lease option at $70,000 annually or a purchase option at $800,000. The APN is 15-053-0-012B. This is a rare opportunity to secure a highly visible and strategically located commercial property in a rapidly growing area of Salt Lake's Tooele submarket cluster. Don't miss this chance to establish your business in a prime location with exceptional visibility and high traffic volume.

    Property Features for 1581 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,996 SF

    Unit(s) available at that property

    Space
    Size
    43,996 SF

    HighLights

    • 1.01‑acre commercial land parcel available for ground lease or purchase.
    • Drive‑thru potential.
    • High traffic count (29,103 ADT) on Main Street with excellent visibility.
    • Immediate access to SR 36.
    • Zoned CG (Commercial General).
    • Ground lease: $70,000/year; Purchase price: $800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Clothing Store Department Store Dental Office Electrical Service Home Appliance Store Plumbing Service HVAC Service Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.297486
    Latitude
    40.559953

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    FAQs

    What type of property is this?
    Land - 1.01-Acre Retail Pad, High Traffic Area
    Where is this land located?
    The property is located at 1581 Main St Tooele, UT.
    What are key features of this property?
    This property features: 1.01-acre commercial land parcel available for ground lease or purchase.; Drive-thru potential.; High traffic count (29,103 ADT) on Main Street with excellent visibility.
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    1581 Main St Tooele, UT 84074
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    Tooele, UT 84074
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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
    1581 Main St Tooele, UT 84074
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