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18 Rio Grande St Salt Lake City, UT 84101

OFF-MARKET Retail properties & Spaces Google Maps
623,000 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 623,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Electric Vehicle Charging Station
  • (Bike/Boat/Book/etc) Store Production Facility
  • Charitable Organization Social Service Agency
  • Music Venue

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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