5550 900Millcreek, UT 84117

Property Details for 5550 900

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.14 AC

Property size (Sq ft)

53,609 SF

Zone code

CDC

Property type

Retail properties

Property subtype

Other retail properties

APN

22-17-126-013

APU

2217126013

Description

This exceptional opportunity presents 40,000 square feet of land available for lease in Millcreek, Utah, at 5550 S 900 E, zip code 84117. The site is ideal for a build-to-suit kiosk, approximately 1,000 square feet, perfect for a bank, credit union, or similar business. The property boasts a prime location, anchored by a newly opened EOS Fitness and an Autozone, ensuring high visibility and foot traffic. The land lease rate is $25,000 per year. This is a single-tenant property, offering exclusive use of the developed space. The existing structure is not a kiosk

• CAP approach

  CAP return

  Valuation

  6%

  $20,818,622

  6.5%

  $19,217,190

  7%

  $17,844,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,066,220

  Geo Method

  $27,066,220

• Alternative Use

  Use

  Valuation

  Residential

  $16,210,419

  Hospitality

  $14,848,657

  Educational

  $12,353,908

  Medical

  $12,778,778

  Retail

  $19,217,190

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6502

Longitude

-111.867

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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