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220 Main St Tooele, UT 84074-1650

OFF-MARKET Commercial real estate Google Maps
0.15 ac lot
Entity Owned 17-yr Hold ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US86-0060281

Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 02-035-0-0004
UPID US86-0060281

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2009
5 recorded transactions
2009
Price N/A
2008
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

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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