445 S 400 W includes 16,929 square feet of expertly maintained retail and office space at the heart of Downtown Salt Lake City. The two-story building was constructed in 1940 on a 1.12-acre lot across the street from Pioneer Park. The property is ideal for a variety of commercial uses, including retail, bars, and restaurants thanks to its impressive modern features. The building is equipped with a loading dock and warehouse space, glass roll-up garage doors, a brick patio, and on-site gated parking. The interiors boast exposed brick and wooden beams, and the unique setting and prime location enable businesses to attract a sizeable local customer base.
The property is placed between Cesar Chavez Boulevard and University Boulevard, delivering combined exposure to more than 60,000 vehicles each day. Within five minutes of the city’s busiest destinations, including the Salt Palace Convention Center, the Delta Center, The Gateway Mall, the Leonardo Museum, and much more. Traffic is driven to the area by major employment centers, breweries, music and event venues, and top-rated local restaurants including Arempas, The Copper Onion, Current Fish & Oyster Bar, Settebellow Pizzeria Napoletana, Spitz Restaurant, Thani Bowl Noodle House, and Takashi. This strong concentration of the city’s most popular shopping, dining, and recreation makes Salt Lake City’s CBD the ideal location for a growing retail business. Interstate 15 and the neighborhood’s plentiful light rail stations make getting to and from the city’s CBD quick and easy.
Downtown Salt Lake City has experienced rapid recent growth, with the population within 5 miles of the property growing by 12% since 2010 to currently sit over 147,000. These residents are avid shoppers, commanding an average household income of over $79,000 and providing impressive consumer spending of more than $1.7 billion throughout 2023.
