For Sale or Lease! Terrific Ross Street location across from City Hall Park. Half block to Court House, City Hall, Professional Building, Stantec Executive Place and the vibrant Ross Street Patio. New stone and stucco exterior, new front and rear windows, new elevator and new washrooms on main floor(2nd and 3rd flr washrooms will be completed for tenants). New digital access and security system. Main floor storefront ideal for retail uses. Ample parking available at rear of building. All floors have been cleared and are ready for new development. Landlord will consider demising into smaller spaces. Aggressive tenant improvement allowances or free rent available depending on size, term and covenant. Ideal opportunity to choose your location and design space that suits your needs. 2nd and 3rd floor rents $17/sq ft Main floor rents $20/sq ft. Purchase includes 18 total parking stalls at rear of building and a lot across the alley.More details
An approx. total 18,360sf Building on 6.4 acres, located in Red Deer’s main industrial park. A very rare opportunity for this amount of land with size of building in Edgar Industrial. The property is situated on Edgar Industrial Drive with a second access direct to the yard from Edgar Industrial Way. The building has been well maintained. Office areas include approx. 18 offices (most with windows), reception, large training room, boardroom and more. Air conditioned. The shop is divided into 4 areas – Main Shop, Warehouse, Wash Bay and Welding Bay. 3 X 5 ton cranes. Bay depth approx 70’ throughout most of the shop areas. The key feature is the incredible fully fenced solid gravel 'L' shaped yard with rolling gate access at both ends of the yard. See brochure for added info
*Please note this property could be leased at a rate of $8.00/sq.ft. + $5.55 NNN. This would include the Building and 3 acres of land. The additional 1.4 acres would cost $1500/acre/month.More details
This building has been has new Reno's and consists of 18,545sq.ft. of warehouse space with 2,800sq.ft. of office/showroom. Clear height in the shop area of approx. 24’. Structure composed of steel columns and beam construction with concrete block partition walls. Exterior walls of brick and aluminum siding. Suspended Halide lighting in the warehouse areas. Warehouse is heated by radiant heaters. Natural gas furnace for the office area. 6+ offices, 2 overhead bay doors 1 – 12’ X 14’ and 1 – 16’ X 18’ at Grade Level.
The reno's include but are not limited to the following: new paving/curbing, freshly painted throughout, improved lighting and new tin on the main and cold storage buildings.
NNN (Cam Cost's) are $1.95/sq.ft.
There is an additional rear cold storage building of 3,240sq.ft.More details
High profile site in Red Deer's newest downtown development area "The Riverlands". This area has just undergone a rezoning and now offers a much broader range of development potential. The site is 50094 square feet fronting onto 45 Street on the north with the south property line backing onto a park reserve. Environmental Phase III is available as well as conceptual drawings for development of an office / commercial building. The area is bordered on the north by the Red Deer river, access to Red Deer's terrific trail system and is close the the Red Deer Regional Hospital.More details
Unique property at a great price - two buildings on 1.64 acres located in the Clearview Industrial Park. Total square footage is based on a 3,899sf main building and 10,856sf warehouse building. Main building has reception, boardroom, lunchroom, and 5 offices. Office area is air conditioned. Also includes open shop area (with 2 of the offices) and receiving with 16'x14' overhead door. Ceiling height approx 16' in main building. The 10,856sf warehouse building includes 2 covered open air storage areas, (each side of building), approx. 1472sf per side. The approx 7,912sf enclosed area has 4 large 26'x18' overhead doors, approx 20' ceiling, radiant heat and flat floor. Yard is fully fenced. Designed to be very energy efficient with extensive features throughout not typically found in properties of this nature. Seller will be rebuilding and would consider a lease back until Dec 31, 2018, rate to be negotiated. Possession otherwise would be minimum 90 days from unconditional contract.More details
Nice 10,840sf building on 0.81 Acres in the Northlands Industrial Park, now available for sale. Front office includes large reception, 2 offices, 2 washrooms and large boardroom/lunchroom. The warehouse is divided into 3 shop spaces, first space has 3 - 12'x14' overhead doors with electric openers and flat floor. The 2nd shop space has 1 - 12'x14' overhead door, sump and washroom. The 3rd shop space has 25'x14' overhead door, sump and washroom. Radiant heating and mix of florescent and hi-bay lighting throughout. Mezzanine mainly open for storage, has one office with sink and additional storage room. Fully fenced graveled yard.More details
Commercially zoned lot included in a parcel of three lots with two buildings which will be removed. Prime redevelopment site on busy SE corner of 55th Street and 49th Avenue. Great opportunity for office or retail plaza. Should accommodate a 6,000 - 7,000 sq. ft. footprint. Possibly a two story complete with residential or office above. Sale price is based on highest and best use being to demolish the buildings.More details
Put your business on the main floor and let the second floor Tenant help with the mortgage!
Very prime location in Downtown Red Deer; located near the major banks, Little Gaetz Ave Shopping District and the office core. This is a "ghost Building" which was rebuilt in 2004 to mirror the former building on site known as the Palace Livery. Building was built with future in mind; elevator shaft area in place; separate entrance for 2nd floor Tenant; separately metered utilities for main floor and second floor. Current main floor Tenant is Kovac's Manufacturing and Repairs. Second floor Tenant in place with lease until Oct 2021.
main floor space is listed for lease at $12.00 psf and is approx 3192 Rentable SF. See MLS CA 0093092More details
This Property is ready to be revitalized for a number of uses, whether it be Industrial or having the property re-zoned for Commercial aspects. It isn't often that you come across 1.52 acres of land in a developed City Center.
1.52 acres of graded and graveled land.
Currently the site is largely fenced
Located 1 block east of Gaetz Ave North
Directly West of Bent Iron Gym
Property is vacant and ready for you!
The 2 structures on site are included in the sale of the property but are deemed to have no value. Main building is approx. 84’ X 40’ or 3,200sq.ft.. The secondary (cold storage) building is approx. 40’ X 70’ or 2,800sq.ft. Exact measurements to be confirmed by the Buyer.
***For Sale are 2 lots 6898 & 6894 - 52nd Avenue, Red Deer***More details
Listing information last updated on October 22, 2017
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Red Deer enjoys an immediate trade area of over 270,000 people, while having Edmonton and Calgary within a 150km radius gives the city a wider market of two million people and two international airports, and access to over 15 million people in Western Canada and the U.S. Pacific Northwest further afield.
The whole region has been flourishing for years, and with a diverse and thriving economy that counts oil, gas, transportation, farming, retail and wholesale, a growing manufacturing sector, and a flourishing tourism trade as its major industries, Red Deer is all set to continue its recent boom, as evidenced below.
625 new Red Deer jobs were created in 2014/2015, and the city’s unemployment rate typically hovers around the 4-6% mark, well below the national average. Such figures are positive indicators for the continued success of commercial real estate investments in a city.
The population of Red Deer increased from around 66,000 in 2000 to 98,000 in 2014, and is expected to continue to grow for decades to come as families migrate to the area to enjoy the first class amenities, health and education, scenery and employment opportunities. In the city’s own economic study, a medium annual growth rate will see the population reach 128,000 in ten years, and hit 175,000 by 2041.
The city’s working age population alone is expected to almost double over the next 30 years, from 65,000 to 112,000, giving businesses both big and small the confidence to commence commercial real estate investment in Red Deer, where the entrepreneurial spirit is alive and well.
Red Deer also offers a financially favourable environment for enterprise to prosper. A recent study by KPMG found the city to be 4.8% more cost-effective for a business to operate in than Calgary, and 2.7% more than Edmonton.
A part of these lower operational costs can be attributed to the competitive advantages found in Red Deer. Permit-ready commercial and industrial lots are available, along with the following perks:
No business taxes
No capital tax
No machinery and equipment tax
No payroll tax
Corporate income tax of 10%, small business rate of 3%
Perhaps due in part to these conditions, the industrial vacancy rate in Red Deer is under 5%, with competition for commercial and industrial real estate meaning it is becoming more and more a landlord’s market. As an example, the first 12,000 square foot construction in Red Deer was already 75% leased before it had been built, further evidence that Red Deer is ripe for commercial real estate investment.
Permits are required for new builds in Red Deer, and 1612 of these were issued in 2014, compared to 1522 in the previous year. For the past three years running, new construction investment in Red Deer has topped $200 million, and this trend shows no signs of slowing; indeed, the city is demonstrating its confidence in itself with a number of development projects of its own.
The $30 million dollar revitalization of the G.H. Dawe Community Centre, the $23 million dollar RCMP building, a $27 million dollar, 12-storey executive office building and a $21.3 million dollar multi-level parking structure will all positively affect the commercial opportunities of the city and its population, and should provide confidence to those thinking of commercial real estate investment in Red Deer.
Further investment in revitalizing the downtown core is also in the pipeline, as are plans to continue to transform and enhance the historical downtown, improve cultural spaces along the Riverlands area, and redevelop the Railyard district into an effective urban residential space.
As the third most populous city in Alberta, with a thriving and diverse economy, low operating costs and a young and educated workforce, now is the time for commercial real estate investment in Red Deer.