$1,350,000
FOR SALE

Commercial/Retail

227-229 Pearl St
Thunder Bay, ON P7B 1E3

**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in PRIME DOWNTOWN PORT ARTHUR LOCATION!!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings. (id:47421)
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Listed By ROYAL LEPAGE LANNON REALTY
Data Provided By Thunder Bay Real Estate Board
MLS® Listing Number TB2600210
Last Updated Feb 10, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Warehouse
Community Thunder Bay
Price History

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Detailed Information
Communication Type High Speed Internet
Community Features Bus Route
Features Office space
Listing Contract Date 2026-02-10
Location Description Downtown Waterfront District North Ward Across from the Casino on Pearl Street between Court Street and Cumberland Street.
Municipal ID 621430028 & 621430025
Property Type Retail
Transaction Type For sale
Business
Business Type Industrial, Institutional, Manufacturing, Other, Other, Other, Recreation, Restaurant, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale, Residential
Business Subtype Warehouse, Institution, Manufacturing, General commercial, Other, Offices, Recreation, Restaurant, Food store, General retail, Business, Residential
Building
Age over 26 years
Amenities Storefront, Street Lighting
Basement Type Full
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Boiler
Stories Total 2
Utility Water Municipal water
Parking Spaces
Name Spaces
Other
Utilities
Type Description
CableAvailable
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size 0.32 acres
Access Type Road access
Sewer Municipal sewage system
Size of Irregular Land 0.32

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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