$549,900
FOR SALE

Commercial/Retail

Lot: 20.12 x 37.18 m

9801 97 Avenue
Grande Prairie, AB T8V 0M9

This is a premier "turnkey" acquisition opportunity in the heart of downtown Grande Prairie. The current owner is prepared to offer a 12-month leaseback on the main floor (or a negotiated portion of the building), providing the purchaser with guaranteed Day 1 income. This unique arrangement mitigates vacancy risk and provides immediate debt-service coverage while the new owner stabilizes the asset or plans a long-term leasing strategy.Asset Performance & Value-Add PotentialThe building comprises ± 4,259 sq. ft. of versatile space across two levels, offering a low-barrier entry into the downtown core with high revenue potential:Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.Yield Projection: Based on current Central Commercial (CC) zoning trends, the property offers a conceptual gross income range of $43,000 – $70,000+ annually (depending on configuration and market verification).Accessibility Advantage: The main floor is fully wheelchair accessible, targeting a high-demand, underserved niche for medical, legal, and government-agency tenancies.Strategic Capital ImprovementsMinimize near-term CAPEX and maximize ROI with recent high-value upgrades:New Flat Roof (Recently installed)Modernized exterior siding and professional entranceContemporary interior presentation aligned with neighboring modern developmentsSite Flexibility & Future UpsideOn-Site Parking: Situated on an 8,000 sq. ft. lot, providing the essential parking required for professional service firms.Strategic Acquisition: An adjacent 33' x 122' lot is available for separate purchase, offering a rare "land-bank" opportunity for building expansion, additional parking, or a phased multi-use redevelopment.Property SpecificationsTotal Building Size: ± 4,259 Sq. Ft.Lot Size: 8,000 Sq. Ft. (Plus adjacent lot option)Zoning: CC (Central Commercial) – supports professional, health , and educational uses.Location: Prime Downtown core with high visibility and established foot traffic.Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.Additional information and the "Mixed-Use Business Supplement" are available upon request through your Commercial REALTOR®. (id:47421)
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Listed By RE/MAX Grande Prairie
Data Provided By Grande Prairie & Area Association of REALTORS®
MLS® Listing Number A2249826
Last Updated May 24, 2026
Property Summary
Property Type Commercial/Retail

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Community Central Business District
Price History

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Detailed Information
Lot 20.12 x 37.18 m
Features See remarks
Listing Contract Date 2025-08-22
Municipal ID 0020236048
Plan 1836BP
Property Type Other
Transaction Type For sale
Zoning Description CC
Building
Constructed Date 1958
Size (Exterior) 4259 square feet
Total Finished Area 4259 sqft
Type Commercial Mix
Land
Total Size 8052.48 square feet
Size of Irregular Land 8052.48

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