105, 251 Spruce Street, Rural Red Deer County
Currently leased until March 14, 2028 to a low impact tenant-6.4% cap rate. (Fenced storage compound does not form part of this lease and could possibly be leased to generate additional income to increase cap rate to over 7.5%, or used for storage for buyer.). Ideal south side location in Piper Creek Industrial park, just south of the Westerner grounds/Centrium. This building was constructed in 2015 and shows near new, with a 2751 sq. ft. footprint (Condo plan measurement) and 3332 total developed space (Interior measurements) including mezzanine with exterior fenced storage compound. This incredible space has both a front drive 14 ft. overhead door and a rear drive 14 ft. overhead door with two separate bays and office space in the centre. The possibilities are endless, as the front could be used as a show room or additional shop space, or could be sub-let to a tenant. Also ideal deal for the hobbyist or business owner that desires some extra space for a man cave. Both the front and back shop/showroom spaces have overhead radiant heat, front bay is 24'x 34', rear bay is 24'x55'. The office mezzanine has force air. The upper mezzanine consists of two offices, a bathroom and a kitchen room. The lower central space below the mezzanine has another large room ideal for show room/reception or office space, plus two additional rooms that could be used for storage or small office and another bathroom. Front bay flooring has been left bare concrete as the new owner may decide they want carpet for a showroom, epoxy, paint, or leave as is, The front parking area is paved as well as the rear access and parking. (id:1945)
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Property details for 105, 251 Spruce Street, Rural Red Deer County
- Type
- Commercial
- Living Area
- 3,332 square feet
- Lot Size
- 0.00X0.00
- Heating
- Radiant heat, Forced air, Natural gas
- Ownership
- Condo/Strata
- Annual Taxes
- $7,720 (2025)
- Condo Fee
- $482 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 105, 251 Spruce Street
Active Listings
26
Min Price
$80,000
Max Price
$3,500,000
Avg Price
$1,126,831
Days on Market
171
days
Sold Listings
7
Min Sold Price
$179,900
Max Sold Price
$1,175,000
Avg Sold Price
$520,657
Days until Sold
85
days
Price History
Listed
October 20, 2025
by RCR - Royal Carpet Realty Ltd.
Current Price
$549,900
-2.7% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $549,900 | $15,000 (-2.7%) |
| Jun 17, 2026 | $564,900 | Listed |
