Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.
Essential information
MLS® number
A2330005
Status
Active
Price
$410,000
Property type
Commercial
Type
Office
Transaction
For Sale
Restrictions
None Known
Building area
2,357 sq ft
Lot size
2,649 sq ft
Year built
1967
Structure
Low Rise (2-4 stories)
Listing brokerage
Century 21 Maximum
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CB
Community
Subdivision
ILDI
City
Innisfail
Province
AB
Postal code
T4G 1S7
Where it is
Loading map…
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
Cap rate—
Cash on cash—
Net operating income
—
Mortgage payment monthly
—
Annual debt service
—
Cash flow monthly, before tax
—
Cash in the deal
—
Loan amount
—
Debt service coverage—
—
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.
Tell me when another one comes up
Leave your details and Satyam will let you know as soon as a new listing in office space in Innisfail reaches the market — often before it is advertised anywhere else.
✓
You are on the list.
You will hear the moment a new listing in office space comes up.
9 photos$329,9001245, 3730 108 Avenue NE, Calgary
