$699,000
FOR SALE

Business for Sale

Grocery

604 1 Street S
Grassy Lake, AB T0K 0Z0

Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community. (id:47421)
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Listed By First Place Realty
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2285879
Last Updated Apr 01, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Grocery
Franchise Non-Franchise
Price History

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Detailed Information
Listing Contract Date 2026-02-12
Municipal ID 0019439686
Plan 4555S
Property Type Business
Transaction Type For sale
Zoning Description C
Business
Business Type Food Services and Beverage
Business Subtype Grocery
Building
Constructed Date 1982
Size (Exterior) 3200 square feet
Total Finished Area 3200 sqft
Land
Total Size Unknown

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