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    220 Main St Tooele, UT 84074

    Sponsored
    For Sale
    $750,000

    Prime Tooele location, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.63-acre commercial property in Tooele, Utah, presents a unique investment opportunity. Situated at 220 South Main Street, this land boasts 77 feet of frontage and a depth of 356 feet, offering significant development potential. The property is zoned for Mixed Use, allowing for a variety of commercial and residential applications, including compatible businesses, professional offices, and limited commercial uses. Its strategic location across from established businesses like Taco Time and Arby's ensures high visibility and accessibility. The high traffic count on Main Street, with an ADT of 15,873 (2020), further enhances its commercial viability. The asking price is $750,000, translating to a land value of $27.33 per square foot. This offering includes the potential for developing three townhouse lots (1500-1800 sq ft units each, priced at $90,000 per unit) along 50 West, and a separate lot along Main Street suitable for a 5,800 sq ft retail or office building, priced at $250,000. The total buildable square footage across all potential developments is 27,443 square feet. This property is ideally suited for developers or investors seeking a high-traffic, mixed-use location in a growing Utah community. The address is 220 S Main St, Tooele, UT 84074.

    Property Features for 220 Main St

    General Information

    Property type
    Land
    Lot Size
    27,443 SF

    HighLights

    • 27,443 square feet of total space.
    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
    -112.2992642
    Latitude
    40.5263326

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    FAQs

    What type of property is this?
    Land - Prime Tooele location, mixed-use potential.
    Where is this land located?
    The property is located at 220 Main St Tooele, UT.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 27,443 square feet of total space.; ;
    Request Owner's contact information
    220 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
    220 Main St Tooele, UT 84074
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