CAABGrassy Lake604 1 St S
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604 1 St S, Grassy Lake, AB

Real Estate

For Sale

Listed price in listed location currency (CAD).
$699,000

000

MLS® A2285879

  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 8
Approx. Age 1982
MLS® Number A2285879

Property Address: 604 1 St S, Grassy Lake, AB, T0K0Z0

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1, 200 sq. Ft. Residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3, 200 sq. Ft. On a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532, 330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6, 606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community.
MLS® NumberA2285879
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1982
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

The seller will provide a list of equipment once the offer is accepted.

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 12, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
604 1 St S, Grassy Lake, AB

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