Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2285 Main St South Salt Lake, UT 84115-2600

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2285 Main St South Salt Lake, UT 84115-2600

    View on Map
    • Strip malls
    • 6,878 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US86-1358415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2285 Main St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Property size
    6,878 SF
    Zone code
    CC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-19-151-003
    APU
    1619151003

    Description

    This exceptional property at 2285 Main Street in Salt Lake County offers a unique blend of retail, office, and restaurant possibilities. Currently configured as creative office space, this 7,000 square foot building presents a fantastic opportunity for multiple tenants. Two spaces are immediately available, ranging in size from 2,047 to 3,427 square feet, providing flexibility for various business needs. The building's location within a designated Opportunity Zone offers significant tax advantages for qualified investors. This prime South Salt Lake location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a vibrant and thriving commercial environment. The property's versatile layout allows for customization to suit individual tenant requirements. Whether you're seeking a stylish office space, a unique retail storefront, or a distinctive restaurant location, this property offers the potential to create a thriving business hub. The available square footage provides ample room for growth and expansion, catering to businesses of various scales. Don't miss this chance to secure a prominent presence in a rapidly developing area of Salt Lake City. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7213
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,882
    $383,700
    $678,700
    $1,062,400
    -
    $383,700
    $678,700
    $1,062,400

    Comparable in this City

    • Value Estimation
      $1,020,000
      19,584 SF

      249 3300th S

      SHOPPING CENTER, STRIP CENTER • 19,584 SF
      249 3300th S, South Salt Lake, UT 84115-3903
      View Details
    • Value Estimation
      $655,000
      7,842 SF

      1423 300th W

      SHOPPING CENTER, STRIP CENTER • 7,842 SF
      1423 300th W, Salt Lake City, UT 84115-5103
      View Details
    • Value Estimation by Request
      5,246 SF

      3265 Richards St

      SHOPPING CENTER, STRIP CENTER • 5,246 SF
      3265 Richards St, South Salt Lake, UT 84115-3763
      View Details
    • Value Estimation
      $515,000
      9,675 SF

      3337 Main St

      SHOPPING CENTER, STRIP CENTER • 9,675 SF
      3337 Main St, South Salt Lake, UT 84115-4443
      View Details
    • Value Estimation by Request
      4,534 SF

      1363 Major St

      SHOPPING CENTER, STRIP CENTER • 4,534 SF
      1363 Major St, Salt Lake City, UT 84115-5330
      View Details
    • Value Estimation by Request
      1,249 SF

      3370 State St Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 1,249 SF
      3370 State St Ste, South Salt Lake, UT 84115-5099
      View Details

    Similar Nearby for Sale

    • $2,745,000
      0.34 Acres

      Salt Lake City Commercial Opportunity

      Two-building commercial property with flex space, office, and retail.
      346 E 3300 S, Salt Lake City, UT 84115
      View Details
    • $628,000
      3,232 SF

      Freestanding Building on Main Street

      Freestanding building in growing downtown Salt Lake City periphery.
      1597 S Main St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      9,820 SF

      Freestanding Retail/Flex Building For Sale

      9,820 SF retail/flex building with redevelopment opportunity.
      257 W 3300 S, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      Pending

      NNN Automotive Investment Opportunity

      Fully leased automotive property in South Salt Lake City.
      175 W Crystal Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      6,245 SF

      Retail/Warehouse Space in Salt Lake

      6,245 SF retail/warehouse space with easy freeway access.
      3077 S 300 W, Salt Lake City, UT 84115
      View Details
    • $1,395,000

      Commercial Property Near Downtown

      Commercial property suitable for owner-user or investment near downtown.
      1612 S State St, Salt Lake City, UT 84115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,890 SF

      Prime Retail Space Available

      Retail space in Utah's leading retail corridor for lease.
      281-291 W 2100 S, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      1,608 SF

      Prime Retail Space Available

      Retail space in Utah's leading retail corridor.
      237-261 W 2100 S, Salt Lake City, UT 84115
      View Details
    • $24 SF/Yr
      3,660 SF

      Retail Space in South Salt Lake

      Retail space with high ceilings and freeway access.
      2345 S Main St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      9,288 SF retail space available for lease.
      389 W 1830 S, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      924 SF

      Retail Space Near I-15

      924 SF retail space with high visibility and accessibility.
      1868 S 300 W, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      6,965 SF

      Automotive Shop Space Available

      Automotive shop with service garage, storage warehouse, and office space.
      3445 West Temple S, Salt Lake City, UT 84115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2285 Main St
    South Salt Lake, UT 84115-2600
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2285 Main St, South Salt Lake, UT, 84115

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!