Office or retail opportunity directly across from Red Deer’s new courthouse and justice centre. Very conveniently located with Transit hub, City Hall and Library only 1 block away. The long-time owners completed an exterior facelift (2025) with a modern updated curb appeal.
The building has served a variety of businesses and organizations over the years and has been well maintained. The main and second floors have set up for separate entrance and exits. See MLS listings for main and second floor lease options
The current layouts are offices and meeting rooms (main and upper floors) with T-bar ceilings and inset fluorescent light fixtures. The main floor could be reconfigured for retail use.
Up to 7 surface parking stalls at back of building, $90/month/stall; additional off site parking nearby including City of Red Deer parkade with month-to-month parking options.
Rented to a single tenant the common costs for the building are estimated at $4.80 per square foot for 2026, property taxes and insurance included.
Building is also available for sale MLS2334814
Essential information
MLS® number
A2303514
Status
Active
Lease rate
$10/sq ft/yr
Property type
Commercial
Type
Office
Transaction
For Lease
Restrictions
None Known
Building area
8,000 sq ft
Lot size
5,816 sq ft
Year built
1979
Structure
Low Rise (2-4 stories)
Listing brokerage
Century 21 Maximum
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Full
Included
all current blinds and window coverings
Exterior and construction
Roof
Fiberglass, See Remarks
Foundation
Slab
Zoning
C-1
Parking
Total parking
7
Community
Subdivision
RRRR
City
Red Deer
Province
AB
Postal code
T4N 1S6
Where it is
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Approximate location, plotted from the listing’s own coordinates.
What this space costs per month
Commercial rent is quoted per square foot per year. This turns it into the cheque you actually write — and adds the operating costs, which are quoted separately and routinely add a third again.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the figures above, not a quote and not financial advice. Confirm the rent, the operating costs and what is included with the listing brokerage before you rely on any of it — GST, utilities and tenant improvements are not in here. Nothing typed is sent anywhere or saved.
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12 photos$8/sq ft/yrFor lease2nd floor, 4811 48 Street, Red Deer
