340 E 1200 S, Orem, UT 84058
CARILLON SQUARE · Utah County
Key Facts
Description
Prime commercial opportunity in the heart of Orem located near the highly trafficked intersection of State Street and University Parkway. This 6,000 SF standalone building offers approximately 3,000 SF on the main level and 3,000 SF on the lower level, providing flexible space for a variety of commercial uses including restaurant, retail, office, medical, or owner-user opportunities. Positioned in one of Orem's most visible commercial corridors, the property benefits from exceptional exposure, high ADT, and strong surrounding demographics. Features include designated parking, prominent marquee signage for maximum visibility, and convenient access from major thoroughfares. Surrounded by national retailers, restaurants, and established businesses, this location offers outstanding accessibility and long-term growth potential in one of Utah County's busiest commercial districts. Please DO NOT disturb the restaurant. Contact the agent for details to access the property. FF&E are negotiable- contact agent for details. Square footage figures are provided as a courtesy estimate only . Buyer is advised to obtain an independent measurement.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1970
Lot Size
0.31 acres
Lot Dimensions
0.0x0.0x0.0
Zoning
Commercial
Days on Market
9
MLS® Listing#
2159132
Property Features
Cooling
Heating
Flooring
Roof
Windows
Other Structures
Utilities
Financial Details
HOA
None
Annual Taxes
$5,800
Parcel Number
19-015-0044
Affordability Calculator
$372,000
Estimated monthly payment
$9,900/mo
Principal $1,488,000 · Est. interest $2,075,892 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Orem, UT
- $517,808
- Median Listing Price
- 58
- Median Days on Market
- 2,299
- Median Sq Ft
- $236
- Median Price / Sq Ft
- 190
- Active Listings
- This home’s price is 259% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Orem, UT.
Location
Points of Interest in Orem, UT
Showing the Orem area map.
Nearby Schools
Hillcrest School
School · 0.4 mi away
Westmore School
Elementary · 0.6 mi away
Cherry Hill Elementary School
Elementary · 0.6 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.0 mi away
Centennial Elementary
Elementary · 1.0 mi away
Elizabeth Delong School of the Deaf
School · 1.0 mi away
Lakeridge Junior High School
Secondary · 1.0 mi away
Noah Webster Academy
School · 1.1 mi away
Orem High School
Secondary · 1.1 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.2 mi away
Westridge Elementary School
Elementary · 1.4 mi away
Institute of Religion - the Church of Jesus Christ of Latter-Day Saints
School · 1.5 mi away
Orem Elementary School
Elementary · 1.5 mi away
Provo School District Eschool
School · 1.6 mi away
Uvu School of Education
School · 1.7 mi away
Utah County Academy of Sciences
School · 1.7 mi away
Provo Canyon School
Secondary · 1.8 mi away
Walden School of Liberal Arts
School · 1.8 mi away
Cascade Elementary School
Elementary · 1.8 mi away
Centennial Middle School
Secondary · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1547 N 275 W, Orem, UT | $1,324,900 | 4 | 4 | 5,540 |
| 1636 N 320 E, Orem, UT | $1,349,900 | 4 | 4 | 5,823 |
| 1757 N 710 E, Orem, UT | $1,399,000 | 6 | 6 | 6,353 |
| 713 E 1500 N 19, Orem, UT | $1,475,000 | 4 | 4 | 5,330 |
| 1355 W 465 S, Orem, UT | $1,500,000 | — | — | 6,290 |
| 1644 N 850 W, Orem, UT | $1,700,000 | 5 | 6 | 5,602 |
Moving Cost Estimate
EXIT Agents in Orem
Listing Courtesy: Century 21 Everest - 8014493000
Last Updated: 2026-05-19