$2,600,000
705071 Range Road 61
Beds
—
Baths
—
Sqft
10,500
Year
1997
Type
Industrial
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Grande Prairie No. 1, County of. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
INVESTMENT OPPORTUNITY. This shop has a Tenant that has just renewed their lease until May 31, 2027. 10,500 Square foot shop available for sale in Minhas Industrial Park south of the city. 10.88 acre fenced, graveled and landscaped lot!!! Powered parking around the building. 30' x 40' cold storage shop, that is insulated and has power and a 14' overhead door. Thee main shop has a main floor area of 9,000 square feet and a second floor that is 1,500 square feet. There is a 675 square foot unfinished mezzanine in the shop area. The office areas have had updates in the past few years and include vinyl plank flooring, paint and LED lighting. The office area has air conditioning. The shop has a 22' ceiling and 4 - 16' x 16' overhead doors and 1 - 16' x 18' overhead door. There is a 5 ton crane in the shop and a pressure washer. 400 amp, 3 phase power. The zoning is RM-2, which is Rural Medium Industrial. (id:65958)
- Subtype
- Industrial
- Community
- Minhas Industrial Park
- Common interest
- Freehold
- Living area
- 10,500 square feet
- Lot size
- 10.88 acres
- Lot dimensions
- 10.88
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $46,080 (2025)
- Zoning
- RM-2
- Photos
- 35
- MLS#
- A2304578
- Area
- RURAL_GRANDE_PRAIRIE_NO._1,_COUNTY_OF
Cash on cash
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,853
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.