Unlock the potential of one of Downtown Medicine Hat's prominent historic properties. Built in 1913 and situated on one of the city's highest-profile corners, this landmark building offers exceptional exposure, outstanding traffic counts, and endless possibilities for redevelopment. The main floor features two separate commercial storefronts of approximately 1,550 and 1,750 square feet, each with large display windows that provide excellent visibility for retail, restaurant, office, or service-based businesses. Above, the second floor has already been gutted, creating a blank canvas ready to be transformed to suit your vision. Whether you're considering residential lofts, boutique short-term rental suites, professional offices, creative studio space, or a unique mixed-use development (subject to municipal approval), the opportunity is here to create something truly special. While the building requires significant renovation, opportunities like this are becoming increasingly rare. Its prime Downtown location, historic character, and flexible layout provide the foundation for an ambitious restoration or redevelopment project that could become a cornerstone of Medicine Hat's vibrant city centre. If you've been searching for a project with character, visibility, and exceptional upside, this is your chance to bring new life to a piece of local history. Please note, this property is to be subdivided, and the proposed lot will be 50x70 (listed property taxes would be adjusted accordingly after subdivision)
Essential information
MLS® number
A2326907
Status
Active
Price
$350,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
Building Restriction, Development Restriction
Building area
6,889 sq ft
Year built
1913
Structure
Mixed Use
Listing brokerage
EXP REALTY
Source
Pillar 9™ MLS® System
Exterior and construction
Frontage
15.24M 50`0"
Zoning
MU-D
Community
Subdivision
SEHL
City
Medicine Hat
Province
AB
Postal code
T1A 0C8
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
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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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38 photos$379,000655 2 Street SE, Medicine Hat
