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123 S JEREMY ST, Salt Lake City, UT 84104
$774,500
Reduced from $850,000 · today
123 S JEREMY ST, Salt Lake City, UT 84104
Subtype
Retail
Building SF
2,735
$/SF
$283
Lot
0.16 ac
Property Details
Description
Rare live/work opportunity to acquire a flexible mixed-use commercial property just one mile from downtown Salt Lake City. Property includes +/-2,693 square feet across two separate structures on 0.16 acres, featuring a +/-1,493 SF retail/mixed-use building and a +/-1,200 SF detached studio/workspace currently utilized as a dance studio. (cont.) The layout supports a wide range of uses including retail, showroom, studio, light production, or service-based operations. Outdoor area may support parking, storage, or expanded use (buyer to verify). Parking may be obtained by city approval and the installation of curb cuts and approach. Its configuration also presents potential for a live/work environment (buyer to verify), appealing to owner-users seeking both visibility and functional workspace. Existing parcel is adjacent to an established event venue, caf, and arts campus with proven programming history. For qualified buyers, seller may consider discussions regarding additional adjacent land/parking expansion for boutique hospitality, mixed-use, or redevelopment concepts. Buyer to verify all zoning, parking, and development feasibility. Opportunity Zone located. All information provided as a courtesy. Buyer to verify.
Listed by Christie Daugherty · Spark Realty, LLC
Location
123 S JEREMY ST, Salt Lake City, UT 84104
Cap Rate Calculator
Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.
Cap Rate
5.25%
$/SF
$283
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/8/2026, 12:16:41 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.