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507 Main Street, Three Hills

$293,000

About this property

Unique opportunity to own main street retail space with a legal suite above. This building features over 1200 sq feet of ground level, wheelchair accessible retail/commercial space, with active lease, a full basement for storage and more, upper level is a legal suite with over 1000 square feet of living space including a large primary, a luxury spa bathroom, with free standing soaker tub, walk in closet, in suite laundry and a bright open concept living space. Outside features a tiered deck and patio space, for either personal or business use, complete with raised garden beds, a storage shed with covered walkway and covered parking area.

Essential information

MLS® number
A2326773
Status
Active
Price
$293,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
Utility Right Of Way
Building area
1,139 sq ft
Lot size
3,250 sq ft
Year built
1960
Structure
Retail
Listing brokerage
Big Earth Realty
Source
Pillar 9™ MLS® System

Interior

Heating
Forced Air, Natural Gas
Included
upstairs: refrigerator, electric range,. microwave range hood, dishwasher

Exterior and construction

Foundation
Poured Concrete
Lot features
Interior Lot, Low Maintenance Landscape, Many Trees, Near Shopping Center, Private, See Remarks
Zoning
CB

Parking

Total parking
7

Community

City
Three Hills
Province
AB
Postal code
T0M2A0

Where it is

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Investment calculator

Cap rate, cash flow and the coverage ratio a commercial lender will look at first.

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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.

The purchase

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The building

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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.

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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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