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    7487 Main St Midvale, UT 84047

    For Lease
    $312 /Mo

    1,897 sq ft Medical Office Space. Prime Location.

    Lot size:
    1,897 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,897 square foot ground floor retail space is ideally situated on the corner of Main Street in Midvale, Utah, within the Corner and 6th Apartments building. The property is classified as retail, office, and restaurant space, currently configured as a single-tenant medical office. Its prime location offers unparalleled visibility and accessibility. The space benefits from significant ongoing development in the immediate area, including over 200 new apartments within a quarter-mile radius, ensuring a robust and growing customer base. The property's strategic placement directly across from the planned Main Food Truck Plaza further enhances its appeal and potential for high foot traffic. This presents a unique opportunity for businesses seeking a high-visibility location in a thriving commercial corridor. Located at 7487 S Main St, Midvale, UT 84047, in Salt Lake County, this single-tenant space offers a versatile layout suitable for a variety of uses within its permitted classifications. The property's excellent location and the surrounding development activity make it an attractive investment opportunity with strong potential for future growth and profitability.

    Property Features for 7487 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,897 SF
    Total Rate
    312

    Unit(s) available at that property

    Space
    Size
    1,897 SF
    Rate per SF
    $312

    HighLights

    • 1,897 SF ground floor retail space in Midvale, UT.
    • 28 parking stalls dedicated to the tenant.
    • Significant tenant improvement allowance available.
    • High visibility corner location with excellent natural light.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.91029583494
    Latitude
    40.615448649184

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    FAQs

    What type of property is this?
    Restaurant - 1,897 sq ft Medical Office Space. Prime Location.
    Where is this restaurant located?
    The property is located at 7487 Main St Midvale, UT.
    What is the lease rate?
    The lease rate is $312 /Mo.
    What are key features of this property?
    This property features: 1,897 SF ground floor retail space in Midvale, UT.; 28 parking stalls dedicated to the tenant.; Significant tenant improvement allowance available.
    Request Owner's contact information
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    Midvale, UT 84047
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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
    7487 Main St Midvale, UT 84047
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