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
This is a prime opportunity to Own commercial land in the enviable Area of Down Town Red Deer. Close proximity to the Red Deer Regional Hospital, City Hall, Downtown Core and Major Arterial Roads makes this an excellent choice for your next development. Close to Public Transportation as well as features excellent Exposure Visibility to Some of Red Deer's Highest Traffic volumes
Also includes Lots: (3) 4322-52nd Avenue and (4) 4348-52nd AvenueMore details
Backing onto a treed area this 15,547sq.ft. (foot print) building is located in North Red Deer and boasts the following features:
Main Floor Office Area: Welcoming reception area with a beautiful large built in desk and waiting area complete with a gas fireplace, 12 Offices, Large work/copy/storage area and a Staff room with built in cabinets and a sink.
Second Floor Office Area: 3+ Offices, Large Boardroom, Training room, Large work/storage/dispatch area and an additional small kitchen area.
Shop Area: 7 Pull in bays all with 12’ X 14’ Bays doors with some sunshine panels, Bays are approx. 80’ Deep, Forced air Heater and Fluorescent lights throughout, Trench sump system throughout, 6,000lbs crane (runs North South), 1 Shop Office and 1 Caged parts area, Trench Sump System, 22’ rafter height and 23’ deck height, 18.6’ to the bottom of the crane way with a 17.6’ hook height, Power receptacles run along north fence line and there is also a dog run in place.More details
Incredible opportunity for a recently upgraded 21,345 SF industrial building in the sought after Northlands Industrial Park. This site includes 2,800 SF of freshly painted office space with new lighting, and 18,545 SF of warehouse space that boasts a ceiling height of approximately 24', suspended halide lighting and radiant heat. There are two overhead bay doors, one 12' x 14 ' and one 16' by 18', and the tin roof is also new. There is a bonus 3,240 SF cold storage building in the rear yard. All this on approximately two acres of land, which has new pavement and curbs, so there is plenty of storage / parking space.More details
Ready To Developed Bare Land In The Riveting New Development Area of Capstone. Located Beside Troubled Monk Brewery & Alongside Other Local Businesses. This Is A Great Opportunity To Build Now In Red Deer’s Newest Vibrant Mixed-Use Community. The south property line backs onto a park reserve and you are only a short distance away from walking trails along the Red Deer River.More details
Are you an investor? Here is an opportunity to be on the ground floor of this future city of Red Deer development of a new residential neighbourhood! The Future city development is planned on this 20.44 acres. The current plans are for this land to be part of the phase 1 or 2 of Hazlet Lake subdivision. Your own plans can be part of this planned neighbourhood for the city of Red Deer. Online existing plans are available for this unique opportunity. Opportunity is knocking!More details
Superb location in the Riverlands Redevelopment Area. Located directly north of the CAMIS building this property has endless development potential, or could be the perfect fit for a similar style business as the previous occupant.
Features:Currently set up best for an automotive style user but could be easily altered into any number of uses. Front display/reception/greeting area, 2 main floor washrooms, Decent sized staff lunch area with sinks,Mezzanine is developed with added storage and boasts 2 well sized offices, Mix of fluorescent and high bay lighting throughout the building, Forced Air Heaters throughout.
West Shop: 3 drive in bays (2 – 12’ X 16’ and 1 – 12’ X 14’ overhead bay doors), Trench Sump, Direct mezzanine access, Parts room and a 16’ ceiling Height.
East Shop: 2 drive in bays ( 1 – 12’ X 12’ and 1 – 12’ X 14’ overhead bay door), 4 hood fan exhaust system, Trench sumps and a 15’ Ceiling height.More details
Nice 10,840sf building on 0.81 Acres in the Northlands Industrial Park. 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. Property also available for lease, see MLS #CA0136681.More details
Free-standing building on 0.72 acres in the Riverside Light Industrial Park, with visibility to Gaetz Ave. Features a large fenced graveled yard with paved parking in front, and building is situated on the corner of property providing maximum yard use. Good mix of office and warehouse, some office areas have had carpet removed and floor stained, some areas recently painted. Main Floor developments include reception, 6+ offices, washrooms, large and small warehouse areas. There is also two Mezzanine areas – one for storage, the other has additional rooms. Warehouse areas have flat floor, storage rooms, mix of forced air and radiant heating, florescent lighting, total of 4 overhead doors and large exhaust fan. Property also available for lease.More details
Leased Parking lot and 2 storey building downtown Red Deer on "Little Gaetz". This building is now housing one retail business but has in the past housed up to 5 including retail, cafe, professional offices, a Jazz Bar and the Legion. Recent upgrades include furnace and Hot water tank. 2nd Floor can have separate entrance. Current parking lot (40x130) is leased to 12 individuals and could be expanded to 14. Current parking priced at $70 per month. To get a feel for the layout click onto the Walk through using the Virtual TOUR featureMore details
Listing information last updated on May 23, 2018 at 03:15 PM (UTC)
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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.