Millcreek, Salt Lake County, UT Commercial Real Estate for Lease and Sale

Explore 16 listings of Millcreek commercial real estate to find the best space for your business.

Olympus Hills

3969 South Wasatch Blvd, Millcreek, Salt Lake City, UT
Property

Retail

183,074 SF
Availability

4 Spaces

14,474 SF
Year Built

1962
For Lease

$20.00/SF/YR
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Highland Professional Plaza

4698 South Highland Dr., Millcreek, UT
Property

Office

9,950 SF
Availability

1 Space

1,750 SF
Year Built

1998
For Lease

$23.00/SF/YR
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Apt CoWork at Cottonwood Apartments
Apt CoWork
974 Olympus Park Drive, Salt Lake City, UT
Services

Meeting Room
Amenities

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi

Parking

Printer

Privacy booths

Standing desks

TV/Monitor

Window view
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Canyon Rim Shopping Center

3171 East 3300 South, Millcreek, Salt Lake City, UT
Property

Retail

92,880 SF
Availability

3 Spaces

8,264 SF
Year Built

1984
For Lease Contact for pricing
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Benchmark Plaza

4525 South Wasatch Blvd, Millcreek, Salt Lake City, UT
Property

Office

43,358 SF
Availability

1 Space

1,460 SF
Year Built

1986
For Lease

$21.50/SF/YR
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Cottonwood on Highland

1321 East Villa Vista Avenue, Millcreek, UT
Property

Retail

11,167 SF
Availability

4 Spaces

5,395 SF
For Lease Contact for pricing
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2943 E 3300 S

2943 E 3300 S, Millcreek, Salt Lake City, UT
Property

Retail

3,362 SF
Year Built

1961
For Sale

$800,000
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3701 S Highland Dr

3701 S Highland Dr, Millcreek, Salt Lake City, UT
Property

Retail

2,990 SF
Availability

1 Space

2,990 SF
Year Built

1988
For Lease

$30.00/SF/YR
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4455 South 700 East Building | For Lease

4455 South 700 East, Millcreek, Murray, UT
Property

Office
Availability

1 Space

5,696 SF
For Lease Contact for pricing
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Millcreek Monarch Office

896 Monarch View Lane, Millcreek, UT
Property

Office

945 SF
Availability

1 Space

945 SF
For Lease Contact for pricing
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Highland Ridge

4568-4578 So. Highland Drive, Millcreek, Salt Lake City, UT
Property

Office

9,124 SF
Availability

1 Space

1,343 SF
For Lease

$14.00/SF/YR
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Millcreek Office

2505 East 3300 South, Millcreek, Salt Lake City, UT
Property

Office

13,835 SF
Availability

4 Spaces

4,760 SF
Year Built

2002
For Lease

$17.50/SF/YR
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Millcreek Office

2505 East 3300 South, Millcreek, Salt Lake City, UT
Property

Office

13,835 SF
Availability

1 Space

2,078 SF
Year Built

2002
For Lease

$20.00/SF/YR
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Cove Point Office Plaza

3865 S. Wasatch Blvd, Millcreek, UT
Property

Office

15,000 SF
Availability

1 Space

1,102 SF
Year Built

1980
For Lease

$22.00/SF/YR
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Millcreek Office

2505 East 3300 South, Millcreek, Salt Lake City, UT
Property

Office

13,835 SF
Year Built

2002
For Sale

$2,600,000
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3538 S Highland Dr | For Sale

3538 S Highland Dr, Millcreek, UT
Property

Office

3,664 SF
For Sale

$1,650,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Millcreek commercial real estate market incorporates 197,176 square feet of office space across 14 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Millcreek commercial real estate market includes 293,473 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Millcreek incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Millcreek is represented by Retail space, which accounts for 31,123 square feet of available listings. Office space available in Millcreek adds up to 28,154 square feet.

Meanwhile, most of the listings of commercial property for sale in Millcreek are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Millcreek is $19.61 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Millcreek can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Millcreek, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $23 per square foot. In particular, the property type commanding the highest lease rates in Millcreek was Office space.

The average size of a commercial property in Millcreek depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Millcreek, the average size of an office property is 17,926 square feet.
Retail properties here incorporate an average of 58,695 square feet.

Millcreek, Salt Lake County, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Millcreek currently add up to 55,764 square feet. The market offers 11 active office listing(s), which amount to 24,641 square feet and account for 73% of commercial spaces on the market. Local retail availability includes 31,123 square feet across 4 retail space(s).

Property Type	Count of Listings	Total SF
Office	11	24,641
Retail	4	31,123

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Millcreek, Salt Lake County, UT. Currently, there is 20,861 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	17,499
Retail	1	3,362

Millcreek, Salt Lake County, UT Commercial Real Estate for Lease and Sale

Olympus Hills

Highland Professional Plaza

Apt CoWork at Cottonwood Apartments

Canyon Rim Shopping Center

Benchmark Plaza

Cottonwood on Highland

2943 E 3300 S

3701 S Highland Dr

4455 South 700 East Building | For Lease

Millcreek Monarch Office

Highland Ridge

Millcreek Office

Millcreek Office

Cove Point Office Plaza

Millcreek Office

3538 S Highland Dr | For Sale

Frequently Asked Questions

Millcreek, Salt Lake County, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Millcreek, Salt Lake County, UT Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Millcreek, UT?

What factors affect the price of commercial real estate in Millcreek, UT?

What is the average rent for commercial space in Millcreek, UT?

What are the best areas for commercial real estate in Millcreek, UT?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Millcreek, UT?

Millcreek, Salt Lake County, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Retail Searches

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