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    Property profile & analytics
    FOR LEASE
    Commercial land

    331 S Rio Grande St, Salt Lake City, UT 84101

    0.03 ac lot
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US86-0589205
    Property summary
    AI-generated overview

    The Carpenter Building offers exceptional creative office space in the heart of Salt Lake City. This multi-tenant building boasts 10,997 square feet of immediately available space, with a minimum divisible unit of 1,978 square feet. Enjoy the building's unique aesthetic, featuring exposed brick and ductwork, original hardwood floors, and abundant natural light throughout both individual suites and common areas. High ceilings, reaching 15 feet, contribute to a spacious and inspiring work environment. Suites offer open floor plans, ideal for modern businesses. The building is conveniently located next to major freeways, providing easy access to Salt Lake City International Airport and the University of Utah. Its prime downtown location places it within walking distance of The Gateway, Pioneer Park, the TRAX light rail system, and all the amenities of downtown Salt Lake City. Ample adjacent parking is available for tenants and visitors. The building includes an elevator for ADA accessibility and a convenient common area loading dock. With hundreds of new apartment units under construction within a one-block radius, this location offers exceptional growth potential and a vibrant, urban atmosphere. This is a rare opportunity to secure high-quality creative office space in a highly desirable Salt Lake City location. Salt Lake County location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.03 ac (1,307 SF)
    Zoning code D-3
    APN 15-01-327-012
    UPID US86-0589205
    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
    • PEGUS Research Inc Research Institute
    • Barton Law Office, LLC Law Firm Child Welfare Organization
    • David E. Rosenbloom, Attorney at Law Law Firm
    • Alta Minerals Industrial Park Production Facility
    • Blerp Inc. (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Igl Properties LLC · 11 yrs held
    Igl Properties LLC
    since 2015
    6 recorded transactions
    2017
    2015
    2009
    2008
    2002
    2001
    Zoning & alternative use
    D-3 · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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