Millcreek, UT
Commercial Real Estate Market Trends & Data

$327 Avg asking sale price
$1,210 Avg asking lease rate
15,682 SF Avg unit lease size
15,310 SF Avg building size for sale
6.09% Average cap rate

Millcreek's Demographic Profile

Millcreek has 14,724 households and a median income of $61,011, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 34,377
# Households 14,724
Median age 37
Median household income $61,011
Avg household size 2.0
Renter-occupied housing units 8,375
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Millcreek, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Millcreek $292 17,160 SF 6.44%
Murray $263 26,589 SF 5.40%
Salt Lake City $259 15,867 SF 8.05%
South Salt Lake $269 16,417 SF 6.67%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Millcreek $235 15,283 SF 7.46%
Murray $241 20,884 SF 6.00%
Salt Lake City $257 18,141 SF 7.46%
South Salt Lake $237 13,012 SF 7.46%
Midvale $270 21,963 SF 9.63%
Nearby Retail Markets Avg Cost/SF Typical Size
Millcreek $423 6,375 SF
Holladay $464 7,342 SF
Murray $386 4,629 SF
Salt Lake City $449 22,971 SF
South Salt Lake $330 7,457 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Millcreek $368 24,512 SF 6.41%
Murray $396 42,661 SF 5.98%
Salt Lake City $269 35,611 SF 6.41%
South Salt Lake $354 21,869 SF 6.41%

Commercial Properties For Sale in Millcreek

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Spring Terrace

Salt Lake City, UT 84117

  • 70,965 SF Office Building
  • $275,000
For Sale

894 E 3900 S

Salt Lake City, UT 84107

  • 10,289 SF Retail Building
  • $2,750,000
For Sale

3324 S 200 E

Salt Lake City, UT 84115

  • 9,341 SF Industrial Building
  • 6.44% Cap Rate
  • $2,350,000
For Sale

4220 S State St

Murray, UT 84107

  • 5,272 SF Retail Building
  • 6.77% Cap Rate
  • $3,649,000
For Sale

Oslo Apartments

Salt Lake City, UT 84123

  • 69,507 SF Multifamily
  • 5.98% Cap Rate
  • $21,500,000
For Sale

1.1-AC // SOUTH SALT LAKE CITY // TOD ZONED

South Salt Lake, UT 84115

  • 1.02 AC Lot
  • 1 Commercial Lot
  • $2,595,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Millcreek pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Millcreek $327 15,310 SF
Holladay $391 5,286 SF
Murray $290 26,941 SF
Salt Lake City $322 22,689 SF
South Salt Lake $285 14,757 SF

Regional Demographic Comparison

This comparison places Millcreek alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Millcreek or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Millcreek 34,377 14,724 37 $61,011 2 8,375 1%
Murray 49,315 19,835 39 $72,582 2 7,742 1%
Salt Lake City 204,933 88,644 35 $66,116 2 52,005 2%
South Salt Lake 27,405 10,770 35 $52,325 2 7,236 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Millcreek, UT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Millcreek

View All Commercial Real Estate For Sale in Millcreek
Is Millcreek a good market for a first-time commercial real estate investor?

Millcreek offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Millcreek?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Millcreek. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Millcreek?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Millcreek. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Millcreek compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Millcreek. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Millcreek acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Millcreek, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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