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Red Deer MLS Commercial Listings:

The city of Red Deer sits at the midway point between Edmonton and Calgary in Central Alberta, in the growth corridor.

Browse Red Deer MLS Commercial Listings below.

4822 50 Street
RR Downtown Red Deer Red Deer T4N 1X4

$5,500,000
Commercial baths: 0.0 30,993 sq. ft. built: 1977

Main Photo: 4822 50 Street in Red Deer: RR Downtown Red Deer Commercial for sale : MLS® # CA0111504
Prop. Type:
Commercial
MLS® Num:
CA0111504
Status:
Active
Bus Major:
Professional Office
Build. Type:
Office Building
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.
Listing Area:
Red Deer
Listing Sub-Area:
RR Downtown Red Deer
County Or Parish:
Red Deer County
Bathrooms:
0.0
Taxes:
$48,064 / 2017
Property Type:
Commercial
Property Sub Type:
Office
Total Floor Area:
0.712 acre(s)
Lot Area:
0.138 acre(s)
Lot Depth:
120'
Lot Frontage:
50'
Lot Shape:
Standard
LINC Number:
0014029946
Title:
Fee Simple
Business Type:
Professional Office, Retail
Building Name:
Plaza W
Building Type:
Office Building, Retail
Year built:
1977
Construction Materials:
Concrete, Steel, Stone
Foundation:
Full Basement
Roof:
Tar & Gravel
Utilities:
Electricity, Municipal Water, Natural Gas, Sewer
Water Supply:
Municipal
Sewer:
Municipal
Fire Protection:
Sprinkler System - Full
Heating:
Boiler
Finished Area.:
0.712 acre(s)
Possession:
Immediate
Transaction Type:
For Sale Only
Lease Type:
Triple Net
Lease Count:
3
Parking Places:
18
Garage:
0
Zoning:
C1
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Listing information last updated on 3-Oct-2017 3:29 PM
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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.

red_deer_mls_commercial_listings

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 commercial mls listingsRed 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.

Want more information?

Learn about Planning and Development in Red Deer

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