Investment Offering
Salt Lake City, UT - Church & State Marketplace
$6,200,000
Price3%
Cap Rate$186,000
NOI1893
Year Built21,328
± SF Offering GLA0.22
± AC Land AreaDescription
- Originally constructed in 1893 and thoughtfully renovated in 2007, Church & State is one of downtown Salt Lake City’s most iconic and irreplaceable assets. Its historic brick construction, soaring ceilings, and distinctive architecture cannot be replicated by new development at any price.
- The property operates as a curated, multi-tenant marketplace featuring local artisans, wellness practitioners, food and beverage operators, and independent retailers — a format that continues to outperform as consumers prioritize authentic, experiential destinations over conventional retail. This tenant diversity creates natural resilience against leasing volatility.
- Church & State functions as a true community destination, generating repeat visitation and deep neighborhood loyalty that institutionally tenanted assets rarely achieve. This organic demand for space creates meaningful tenant stickiness and long-term occupancy stability.
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