$950,000
Richfield, UT 84701
MLS# 25-267148
7450 sqft
1 / 45
Property Description
Prime commercial building with auto shop and three income-producing tenants. It sits just one block off South Main near Walmart and I-70. The property includes five service bays, upgraded AC (2025), fully asphalted parking and storage areas, and an oil-water separator-significant cost savings compared to new construction. The site benefits from rare grandfathered industrial zoning, eliminating today's impact fees and drainage requirements typically imposed at other sites. Three spaces currently leased to an auto detailer, salon, and bookstore provide approx. $1,950/month in additional income. When combined with the auto shop's operating income, the projected performance indicates an estimated CAP rate of 10.25%, depending on buyer structure and if the business is acquired alongside the
Details
Contract Info
Offering Type: Sale
Original List Price: 950000
List Price: $950,000
Current Price: $950,000
List Price/SqFt: 127.52
Cap Rate: 10.3
Listing Date: 2025-12-03
Short Sale Status: No
Location Tax Legal
Geo Lat: 38.753642
Geo Lon: -112.084027
House Number: 1075
Street Direction Pfx: S
Street Name: 75
Street Direction Sfx: E
MLS Area: Outside Area
State/Province: UT
Postal Code: 84701
County: Other
Tax ID: 3-23-1 01
General Property Info
Listing Class: Other - See Remarks
Realtor.com: Commercial
Lot Acres: 0.88
Total SqFt: 7450
Available SqFt: 7450
# of Floors: 2
Year Built: 2001
Status Change Info
Status: Active
Property Features
Type of Property: Commercial; Industrial; Office
Other Features: Overhead Doors; 3 Phase Power
Site Description: Owner Occupied; Tenant Occupied
Construction: Steel
Showing Instructions: Call Listing Agent
Zoning: Commercial; Industrial
Terms of Sale: Exchange; Seller Financing; Submit Any Offer
Possession: Close Of Escrow
Supplements
property (buyer to verify all financials independently). Mike's Auto Clinic, a respected 35-year business, along with its trained staff, customer base, and approximately $200K in equipment, may be purchased separately. Financials are available with a signed NDA. Seller is willing to assist with transition making this a strong turnkey opportunity with significant growth potential including towing, heavy-equipment/AG repair, fleet services, body/paint, or equipment rental (buyer to verify). List price reflects real estate only; business and equipment are optional.
Listing Office: KW Ascend Keller Williams Realty
Last Updated: February - 24 - 2026
Information deemed reliable but not guaranteed.