Excellent leasing opportunity in the heart of Grande Prairie’s downtown core. This spacious 5,280 sq. ft. main-floor commercial space was previously operated as a restaurant and offers a versatile layout with plenty of potential for a new business. The property’s central location, street-level access and CC zoning make it suitable for a wide range of commercial uses, including another restaurant, retail, professional services, entertainment or other business concepts, subject to approval. Bring your vision and transform this substantial space to suit your operation. Available for lease at $15.00 per sq. ft. plus CAM costs. Immediate possession is available.
Essential information
MLS® number
A2352765
Status
Active
Lease rate
$17/sq ft/yr (listed as “Monthly”)
Property type
Commercial
Type
Business
Transaction
For Lease
Restrictions
See Remarks
Building area
1,850 sq ft
Lot size
7,656 sq ft
Year built
1962
Structure
Low Rise (2-4 stories)
Listing brokerage
Henry Adam Realty
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CC
Community
Subdivision
CityCentre
City
Grande Prairie
Province
AB
Postal code
T8V 0X9
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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EBITDA—
Gross profit
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Pre-tax profit as the books show it
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Value at that multiple SDE × multiple
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Asking price as a multiple of SDE
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.
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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Base rent monthly
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Operating costs monthly
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Total each year
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Base rent per year
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18 photos$15/sq ft/yrFor lease10009 101 Avenue, Grande Prairie
