Space
Finished area and layout
- Building Area
- 2,357 sqft
- Above Grade
- 2,357 sqft
- Finished Breakdown
- Above 2,357 sqft
2,357 sqft
Building Area
2,649 sqft
Lot
1967
Year Built
Property Snapshot
Key details for this listing
MLS #A2330005
Property
Type, style and structure
- Type
- commercial
- Style
- office / Office
- Year Built
- 1967
About This Property
This office in Innisfail offers 2,357 sqft of building area on a 2,649 sqft lot. Built in 1967. The property has lot dimensions of 2649.00.
MLS Remarks
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. (id:60351)
Full Listing Details
Address5056 50 Street
MLS#A2330005
Listing StatusActive
Property TypeCommercial
Sub-TypeOffice
TransactionSale
Days on Market101
Annual Tax$467 (2026)
Structure TypeOffices
StyleOffice
Year Built1967
Living Area2,357 sqft
Above Grade Area2,357 sqft
CityInnisfail
ProvinceAlberta
Postal CodeT4G1S7
SubdivisionDowntown Innisfail
Lot Size2,649 sqft
Lot Dimensions2649.00
Zoning DetailsCB
Annual Tax$467 (2026)
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