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$7,100,000 Just Listed
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Property Description
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
Full Property Details
Full Property Details for 1657 N State St
General
- Price: $7,100,000
- Taxes: $30,611
- Status: Active
- Type: Industrial
- Source: WFR
- MLS ID: 2184157
- Updated: 9/9/2026
- Added to Site: Today
Location
- Area: Am Fork; Hlnd; Lehi; Saratog.
- County: Utah
- Direction Faces: East
Structural Information
- Current Bldg. Use: Industrial, Office
- Year Built: 1993
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Size: 2
- Zoning: I
Financial Considerations
- Tax Amount: $30,611
Disclosures and Reports
- Property ID: 53-128-0011
Listed by In Depth Realty (Elite)
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Schools
Schools serving 1657 N State St
School District:Alpine School District
| Name | Grades | Distance |
|---|---|---|
Lehi School 765 North Center Street, Lehi, UT 84043 | K-6 | 1 mi |
Lehi Jr High School 700 East Cedar Hollow Road, Lehi, UT 84043 | 7-9 | 1 mi |
Lehi High School 180 North 500 East, Lehi, UT 84043 | 10-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1657 N State St
Date
Details
Price
Change
Source
9/09/2026
Listed
$7,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1657 N State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,612
—
$5,630,000
54%
2024
$30,612
7%
$3,656,000
9%
2024
$28,634
16%
$3,351,000
6%
2023
$24,777
-9%
$3,148,300
13%
2021
$27,251
10%
$2,791,300
-9%
2022
$24,873
-9%
$3,063,900
14%
2021
$27,251
15%
$2,683,900
7%
2019
$23,729
21%
$2,497,500
28%
2018
$19,592
-11%
$1,949,500
-8%
2017
$21,995
1%
$2,115,500
9%
2016
$21,786
-4%
$1,944,100
1%
2015
$22,723
2%
$1,924,900
3%
2014
$22,205
-3%
$1,869,900
5%
2013
$22,848
—
$1,774,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1657 N State St
1657 N State St, Lehi, UT 84043 (MLS# 2184157) is a Industrial property. 1657 N State St is currently listed for $7,100,000 and was received on September 09, 2026. Want to learn more about 1657 N State St? Do you have questions about finding other Industrial real estate for sale in Lehi? You can browse all Lehi real estate or contact a Coldwell Banker agent to request more information.

