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    Property profile & analytics
    OFF-MARKET Estimated value $2,725,000
    Strip malls

    2121 Mcclelland St, Salt Lake City, UT 84106-2397

    71,401 SF 1.37 ac lot Built 1910
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US86-0509772
    Property summary
    AI-generated overview

    This exceptional retail property at 2121 S McClelland St, Salt Lake City, UT 84106, offers multiple restaurant spaces ideal for a variety of uses. The building totals 4,333 square feet across two stories, with a flexible layout allowing for spaces ranging from 1,089 to 1,784 contiguous square feet. Currently, the entire 4,333 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. The property benefits from its prime location in the heart of Sugar House, a vibrant and walkable neighborhood with over 1,500 residential units within easy reach, ensuring high foot traffic and visibility. Suitable for services, health, wellness, beauty, boutiques, or specialty retail businesses. Recent improvements to McClelland Street further enhance the property's appeal. The property is offered on a NNN lease basis with a net annual rate of $9.71 per square foot. This is a rare chance to secure a well-located, versatile retail space in a thriving Salt Lake City neighborhood. The property's size and layout offer significant flexibility for customization to meet specific business needs. Don't miss this opportunity to establish your business in a high-demand area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1910
    Total area 71,401 SF
    Lot 1.37 ac (59,677 SF)
    Zoning code CSHBD1
    APN 16-20-206-041
    UPID US86-0509772
    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
    • AWQMS (Bike/Boat/Book/etc) Store Corporate Office
    • Old Republic Title Title Company Escrow Service
    • The Rhettro Team Real Estate Agency
    • The Stern Team Real Estate Agency
    • Keller Williams Salt Lake City - Zak & Jeannette Mason Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.73M
    Owner & transaction history
    2100 Sugarhouse LLC · 12 yrs held
    2100 Sugarhouse LLC
    since 2013
    7 recorded transactions
    2021
    2019
    2013
    2012
    2011
    2010
    $8.2M
    1969
    Zoning & alternative use
    CSHBD1 · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $4.4M +23.8%
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