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1725 Hwy 61, Thunder Bay

$998,000

Step into an outstanding investment and development opportunity! This commercial property, situated on a spacious 3.8-acre parcel at the prominent intersection & high exposure location of HWY 61 and Riverdale Rd, is a remarkable find. Featuring 3 fully rented commercial units in the plaza with a rear 2 bedroom residential unit housing long term impeccable renters that take pride in the condition of it & treat it like their own home. Detached garage, patio area, drive-thru window (not used), 2 commercial kitchens, upper loft office area, air conditioning, nice leasehold improvements, large parking lot, lit commercial signage at the road & a small ice cream shack for summer business. Recent upgrades to the building, including new shingles, fresh paint, and new vinyl windows, bringing the property up to modern standards. Meticulous maintenance, featuring high-efficiency furnaces, LED lights, and 400-amp phase 3 power & hi-efficient natural gas heating, ensures a well-equipped infrastructure for diverse businesses. With multiple new subdivisions in the planning stages nearby, the prospects for future growth are compelling and the extra large lot that might be sub-dividable adds another investment opportunity. To enhance peace of mind, a Phase 2 Environmental Study has been completed, offering transparency about the property's environmental status. This isn't merely a commercial building; it's an opportunity to be part of Thunder Bay's evolving narrative. If you're seeking a robust investment in a community-oriented location, seize this distinctive opportunity today and become part of something extraordinary! Call now for a private tour. Visit www.century21superior.com for more info and pics.

Property Details

Property Type
Retail
Square Feet
4600
Bathrooms
0
Heating
Forced Air
Lot Dimensions
3.8 Ac|3 - 10 Acres
Exterior
Siding
Utilities
Cable - Available
Electricity - Available
Sewer
Septic System
Water
Municipal Water
Features
Office Space
Amenities
Living Accommodation, Storefront
Internet
High Speed Internet
MLS ID
TB240137
Courtesy of
CENTURY 21 SUPERIOR REALTY INC.

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Children's Micracle Network Hospitals

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.