136 Main StSalt Lake City, UT 84101

Property Details for 136 Main St

Year built

1909

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

158,281 SF

Zone code

D1

Property type

Retail space

APN

15-01-229-055

APU

1501229055

Description

This exceptional retail or restaurant opportunity is located in the beautifully renovated Kearns Building, a landmark 10-story structure on Main Street. The space boasts approximately 6,400 square feet of contiguous, high-profile retail space, ideal for a variety of uses. Benefit from excellent Main Street frontage and a large, inviting storefront, ensuring high visibility and foot traffic. The space features stunning high-vaulted ceilings, adding to its unique character and charm. This prime downtown location places your business directly across from the Eccles Theater, adjacent to the City Creek Center, and within easy reach of numerous hotels, restaurants, and other downtown attractions. The Kearns Building itself offers high-end finishes and desirable on-site amenities, enhancing the overall tenant experience. The building sits on a 0.86-acre lot and was originally constructed in 1911, undergoing a complete renovation in 2020. The entire building encompasses 166,939 square feet, with multiple tenancies. Tenant improvement allowances are available. This is a rare chance to secure a truly exceptional retail space in the heart of the city's most vibrant area.

• CAP approach

  CAP return

  Valuation

  6%

  $61,465,880

  6.5%

  $56,737,736

  7%

  $52,685,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $79,913,224

  Geo Method

  $79,913,224

• Alternative Use

  Use

  Valuation

  Residential

  $47,860,404

  Hospitality

  $43,839,872

  Educational

  $36,474,256

  Medical

  $37,728,664

  Retail

  $56,737,736

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7662

Longitude

-111.892

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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