151 Main StSalt Lake City, UT 84111

Property Details for 151 Main St

Year built

1914

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

15,246 SF

Zone code

D1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-06-105-011

APU

1606105011

Description

This stunning 15,000-square-foot executive office space, located in the heart of Salt Lake City's central business district, presents a unique opportunity. Housed in the historic Tracy Loan and Trust Co. building, formerly the Hope Gallery and Museum of Fine Art, this two-story property boasts exquisite architectural details. Built in 1916 by renowned New York City architect Walter J. Cooper, the Neo-Classical Revival style building features beautiful walnut paneling, elegant marble floors, and a breathtaking stained-glass ceiling. While retaining its historic charm, the building benefits from modern structural and mechanical systems, ensuring both aesthetic appeal and functional efficiency. Its prime location offers unparalleled accessibility and visibility, situated adjacent to the George S. and Dolores Doré Eccles Theater. The entire 15,000 square feet is currently vacant, providing a blank canvas for a discerning tenant seeking a prestigious and historically significant location for their business. This single-tenancy building represents a rare opportunity to occupy a landmark property in Salt Lake County.

• CAP approach

  CAP return

  Valuation

  6%

  $4,994,196

  6.5%

  $4,610,028

  7%

  $4,280,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,734,531

  Geo Method

  $4,734,531

• Alternative Use

  Use

  Valuation

  Residential

  $4,610,028

  Hospitality

  $4,222,760

  Educational

  $3,513,287

  Medical

  $3,634,114

  Retail

  $5,465,113

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7658

Longitude

-111.891

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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