5
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$410,000
Est. payment /mo
2,649 Sqft Lot
Active
5056 50 ST Innisfail, AB T4G 1S7
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Innisfail
MLS® Listing ID A2330005
Year Built 1967
Annual Tax Amount $467
Tax Year 2026
Lot Size 2,649 Sqft
Acres 0.06
Property Sub-Type Office
Source Central Alberta
Property Description
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.
Location
Province AB
County Red Deer County
Zoning CB
Others
Restrictions None Known
Tax ID 112667117
Ownership Private
Listed by Century 21 Maximum
NEARBY SCHOOL & BUSINESS
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