5
See all 5 photos
$410,000
Est. payment /mo
2,649 Sqft Lot
Active
5056 50 ST Innisfail, AB T4G 1S7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Innisfail
MLS® Listing ID A2330005
Year Built 1967
Annual Tax Amount $467
Tax Year 2026
Lot Size 2,649 Sqft
Acres 0.06
Property Sub-Type Office
Source Central Alberta
Property Description
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.
Location
Province AB
County Red Deer County
Zoning CB
Others
Restrictions None Known
Tax ID 112667117
Ownership Private
Listed by Century 21 Maximum
Nearby Locations
GET MORE INFORMATION