857 Main St Salt Lake City, UT 84111-4106
Property profile & analytics
857 Main St Salt Lake City, UT 84111-4106
- Bars & Pubs
- 7,260 SF
- 0.20 lot acres
Property ID
US86-0293804
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.
Location Intelligence
Current Use by Public Records
- Proper Brewing Co. / Production Facility / Brewery & Distillery
Property Details for 857 Main St
- Year built
- 1925
- Construction
- WOOD FRAME
- Lot size
- 0.20 lot acres
- Property size
- 7,260 SF
- Zone code
- D2
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- 16-07-151-039
- APU
- 1607151039
Description
This exceptional investment opportunity presents a thriving, established regional brewery in Salt Lake City, Utah. The property, located at 857 S Main St, encompasses two buildings totaling 16,550 square feet on a 0.47-acre lot. The main building, constructed in 2015 and extensively renovated in 2020 with a 7,000 square foot addition, houses a brewery, retail space, event areas, and office facilities. An adjacent building at 865 S Main St (Proper Burger) is also included in the sale. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $433,832 and a 7.00% capitalization rate. The asking price is $6,200,000, translating to $374.62 per square foot. The property is offered as a sale-leaseback, with the seller willing to lease back the entire site, providing a secure and consistent income stream for the buyer. This presents a rare chance to acquire a well-established, high-performing commercial property with significant upside potential in a desirable Salt Lake City location. The property features a Triple Net (NNN) lease structure, minimizing landlord responsibilities. The two-story buildings offer a versatile layout, catering to both production and customer-facing operations. This is an ideal investment for those seeking a stable, high-yield asset with a built-in tenant and significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.891
- Latitude
- 40.7506
- 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
$11,921
$443,300
$762,500
$1,205,800
-
$443,300
$762,500
$1,205,800
