4411 59 Street, Stettler, AB

Name: 4411 59 Street, For Sale in Stettler - Zoocasa
Brand: Real Broker
SKU: A2333818
Price: 950000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$950,000

0020

MLS® A2333818

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 35

Lot Size 0.4 Acres

Approx. Age 1979

MLS® Number A2333818

Property Address: 4411 59 Street, Stettler, AB, T4K1J1

Average square foot calculated using Size range provided by listing agent.

Description

INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8250/ per month in base rental income, or $99, 000 annually, plus GST. Current rents include $2, 750/month for the liquor store, $1, 500/month for the barber shop, and $4, 000/month for the grocery store business (currently leased to the tenant)and bay. Two new (Aug 2026) five-year leases and one new(June 2026) three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal. The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, with over 100k invested into a new roof and updated/replaced HVAC units in 2019, plus replacement of majority of the windows in two of the three bays very recently. Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot. Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing additional future potential for the purchaser, with no current involvement in the business. With a high cap rate, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach.

MLS® NumberA2333818

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1979

Basement

Driveway

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air

Extras

Grocery Store, Shelving, Built-in Coolers, Freezer, Front Counter, POS System

Map

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