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1725 Hwy 61 - Country Plaza - $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 subdividable 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.
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Age
50+ yrs |
Total Sq Footage
4600
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Commercial Sq Footage
3 commercial storefronts - in total 2540
Residential unit - 2 br 1 bath 1470 sq ft
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Facilities 3
Storefronts
upper office area
basement with walk-in freezer - storage
Separate Garage storage
drive-thru window
patio area
Ice Cream shack
Parking Lot
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Access Municipal
road - on hwy leading to the United States border - close to several
subdivisions - minutes from airport
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Parking rear
parking for staff parking lot - paved |
Area
Riverdale Road
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Taxes
$12000/yr approx. |
Lot Size
3.8 Acres - 450 ft frontage along the highway - rear driveway as
well - with possible severance for back property
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Heat Type
Forced air gas |
Chattels Included
some office furnishings - some appliances |
Updates & Extras
updated shingles Phase 2 Environmental (2010) Fire
Suppression system Security System 2 Commercial kitchens |
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