By Kristy Kuhn
151 S Main Street, Salt Lake City, UT 84111
Shimmering golden doors with glass panels beckon you to get a closer look at what lies within the building. Once inside, the answer is obvious: distinctive elegance and sophisticated style. From the rich walnut paneling, luxe marble flooring, and stained-glass ceiling that welcomes warming sunshine into the space like a natural spotlight seeking beauty, this space is truly unique — opulence meets opportunity with this listing located at 151 South Main Street.
This one-of-a-kind property, located in the heart of downtown Salt Lake City, was built in 1916 for the Tracy Loan and Trust Company. It was designed by prominent New York City architect, Walter J. Cooper, and still features the original vault from when the property served as a bank.
The building has an honorary mention on the National Historic Register. The honorary mention bestows all the prestige of this renowned historical recognition, with none of the limits that usually follow — there are no restrictions on modifications that can be made to either the interior or exterior of the building.
Located right next door to the Eccles Theater, and boasting more than 15,000-square-feet of usable space, this prime piece of real estate offers a unique, and soon-to-be unheard of, opportunity in the downtown area. Doorstep access to a plethora of shopping centers, dining, nightlife and entertainment venues bring a steady stream of foot traffic, making the possibilities for this space virtually endless.
The exterior reflects the dignified neo-classical, revival-style, hearkening back to a bygone era of sophistication and grace. It’s perfectly suited for multiple purposes, including upscale uses, such as a high-end dining establishment or bar, retail space, office space, or even a speakeasy. The space has previously served as a bank, an event space for lavish parties and charity fundraisers, and it’s currently home to the Hope Gallery: an art gallery comprised of renowned works from the top artists reigning from Scandinavia’s realism period of the 1800s.
In the mid- to late-1970s, the building underwent major renovations which saw the addition of a third floor. The original floorplan for the building included only the basement and a main level with seemingly infinite walls that reached clear to the ceiling of stained-glass. Today, the building still has three levels: the breathtaking main floor, a basement boasting tall ceilings, and the upper level, complete with original stained-glass.
While the distinctive architecture reflects the sophistication and style of the early 20th century, it still boasts the convenience of modern structural and mechanical systems on the interior. Form and function really meld seamlessly together in this gorgeous property. Serious investors will note that the property resides in an opportunity zone, and certain tax credits are available through the State Historic Preservation Office to help fund any necessary remodeling projects.