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Property profile & analytics
FOR LEASE
Retail space

136 S Main St Salt Lake City, UT 84101

158,281 SF 0.86 ac lot Built 1909
Entity Owned 4-yr Hold Free & Clear
Property ID
US86-0340126
136 S Main St, Salt Lake City, UT 84101 For Lease
$17,985,000 1,646 SF available
136 S Main St, Salt Lake City, UT 84101
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Property summary
AI-generated overview

This exceptional retail or restaurant opportunity is located in the beautifully renovated Kearns Building, a landmark 10-story structure on Main Street. The space boasts approximately 6,400 square feet of contiguous, high-profile retail space, ideal for a variety of uses. Benefit from excellent Main Street frontage and a large, inviting storefront, ensuring high visibility and foot traffic. The space features stunning high-vaulted ceilings, adding to its unique character and charm. This prime downtown location places your business directly across from the Eccles Theater, adjacent to the City Creek Center, and within easy reach of numerous hotels, restaurants, and other downtown attractions. The Kearns Building itself offers high-end finishes and desirable on-site amenities, enhancing the overall tenant experience. The building sits on a 0.86-acre lot and was originally constructed in 1911, undergoing a complete renovation in 2020. The entire building encompasses 166,939 square feet, with multiple tenancies. Tenant improvement allowances are available. This is a rare chance to secure a truly exceptional retail space in the heart of the city's most vibrant area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1909
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 158,281 SF
Lot 0.86 ac (37,462 SF)
Zoning code D1
APN 15-01-229-055
UPID US86-0340126
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dylla Gardiner Law, PLLC Law Firm Child Welfare Organization
  • Kearns Building Business Service Center Corporate Office
  • The Square at Kearns Building Coworking & Hybrid Office
  • William Enoch Andrews, Injury Lawyer PC Law Firm
  • Quayle Asset Management Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.66M
Blend (final) Blend
$17.99M
Owner & transaction history
Ihc Health Services INC · 4 yrs held
Ihc Health Services INC
since 2021
4 recorded transactions
2021
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
Zoning & alternative use
D1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $20.9M +17.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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