Space
Finished area and layout
- Building Area
- 2 ac
2 ac
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- commercial retail / Mixed Use
Lot
Land, frontage and setting
- Zoning
- Highway Commercial (C4)
Costs
Price, taxes and monthly charges
About This Property
This commercial retail in Out Of Area offers 2 ac of building area. The property has zoned Highway Commercial (C4). The home features yes.
MLS Remarks
MIDWAY COMMERCIAL LOT 2 - CENTRAL ALBERTA INVESTMENT OPPORTUNITY Ontario investors seeking a lower-cost alternative to GTA commercial real estate can consider this income-producing commercial opportunity in Lacombe, Alberta, strategically located along the QEII corridor between Edmonton and Calgary.$4.8M Asking Price | ~$250,145 Current Base Rent | ~5.21% Indicative Yield The property offers significant upside through the potential development of up to 10,000 SF of professional/medical space. Phase I could begin with 5,000 SF, estimated at $900K, with potential rent of approximately $150K annually at $30/SF. Upon completion and lease-up, projected base rental income could reach approximately $400K annually, representing an estimated 7.02% yield on the $5.7M total acquisition + Phase I development cost. The medical component represents an estimated 16.7% development yield. At a potential 6% stabilized cap rate, projected income could support approximately $6.67M in value, representing approximately $970K of potential gross value creation. Key Highlights: Existing income; Medical/professional development upside; Phased construction; Central Alberta QEII location. Lower capital entry point than many Ontario opportunities. Local property management available through MaxWell Real Estate Solutions in Red Deer. Acquire, Develop, Lease, Increase NOI, Create Value. All figures are approximate projections and subject to verification, market conditions, financing, construction costs, leasing and actual operating performance.
Full Listing Details
Address7605 Henderson Way, Out of Area, AB T4L 0K7
MLS#X13712678
Listing StatusNew
Property TypeCommercial
Sub-TypeCommercial retail
TransactionSale
List DateAug 25, 2026
Days on Market61
Annual Tax$35,000 (2025)
StyleMixed Use
CityOut Of Area
ProvinceAb
Postal CodeT4L 0K7
ZoningHighway Commercial (C4)
CoolingYes
SecurityNo
UtilitiesYes
Annual Tax$35,000 (2025)
From Hwy 2, take Hwy 12 into Lacombe, turn onto Henderson Way, and proceed to 7601 Henderson Way.
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