$ 950,000
4411 59 Street
4411 59 Street, Stettler, AB T4K1J1 Photo 1
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4411 59 Street, Stettler

INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8250/ per month in base rental income, or $99,000 annually, plus GST. Current rents include $2,750/month for the liquor store, $1,500/month for the barber shop, and $4,000/month for the grocery store business (currently leased to the tenant)and bay. Two new (Aug 2026) five-year leases and one new(June 2026) three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal.The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, with over 100k invested into a new roof and updated/replaced HVAC units in 2019, plus replacement of majority of the windows in two of the three bays very recently. Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot.Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing additional future potential for the purchaser, with no current involvement in the business. With a high cap rate, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach. (id:1945)
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Property details for 4411 59 Street, Stettler

Type
Commercial
Living Area
7,000 square feet
Lot Size
0.40
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Concrete, Brick
Ownership
Freehold
Annual Taxes
$10,208 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 4411 59 Street

Active Listings
30
Min Price
$85,000
Max Price
$2,800,000
Avg Price
$513,557
Days on Market
161
days
Sold Listings
10
Min Sold Price
$129,900
Max Sold Price
$1,250,000
Avg Sold Price
$490,120
Days until Sold
145
days

Neighbourhood Census Data

Stettler, Alberta

Population
492
Median Age
58.5
Median Income
$30,528
Dwelling Value
$165,617

Housing Tenure

Owners 48%
Renters 52%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.1
Pop. Density: 702.8/km²
Avg Shelter Cost: $1,257/mo
Owners with Mortgage: 71.4%
Owners Spending 30%+: 21.4%
Tenants Spending 30%+: 46.7%
English only: 98%
English and French: 2%
Median Household Income: $54,400
Median Employment Income: $32,576

Price History

Listed
July 31, 2026
by Real Broker
Current Price
$950,000
Type
Commercial
For Sale
4411 59 Street

Contact Agent Get in touch about 4411 59 Street, Stettler

Julie Greiner
Julie Greiner
Real Broker

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