Under contract MLS# 2184157 · 47 days on the market
$7,100,000
It starts with a call with an agent.
1657 N State St, Lehi, UT 84043
About this home
Newly renovated (2022) industrial building conveniently located in Lehi right off the 2100 S I-15 Interchange. Tenant in place. Priced aggressively at a 6.5% cap rate on year 1 NOI. Below market rents with 11% bump in year one, 3% annual bumps thereafter. Priced well below replacement cost and a great price per square foot at $176. Potential Owner/User building as well. Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information
Written by the listing agent.
Location
Living in Lehi
Lehi is a city in Utah County, incorporated in 1852 and the sixth city incorporated in Utah. The downtown area is designated the Lehi Main Street Historic District and is on the National Register of Historic Places.
- 75,907 residents (2020)
- 1 rail station
- 23 named trails
- 51 named parks
Monthly payment
- Principal & interest
- $39,344
- Property tax
- $2,551
- Home insurance
- $110
10% down ($710,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 2 acres
- County
- Utah
- Faces
- East
Listing courtesy of In Depth Realty (Elite) / Mckay Winkel. Based on information from UtahRealEstate.com as of 10/13/2026 2:37 PM. 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.