516 522 Broadway Street W, Yorkton
Exceptional Mixed-Use Revenue Property – Prime Location in West Yorkton - An outstanding investment or owner-operator opportunity! This 2.09-acre commercial property offers three revenue-generating components—a well-established, highly profitable restaurant, two modern residential suites, and a leased 4-bay heated warehouse. Located in a high-traffic area beside the Painted Hand Casino and across from the Gallagher Centre, the property is home to the iconic Melrose Place Family Restaurant (9,869 sq. ft.). In operation for 47 years, including 26 at this location, the restaurant features a licensed dining area, bar/lounge, VLT room, modern commercial kitchen, rooftop HVAC, and recent upgrades including a new roof and kitchen equipment (2024). Significant growth potential exists through catering, banquet rentals, expanded hours, or delivery services. Attached to the restaurant are two high-quality residential suites totaling over 5,800 sq. ft., each with open-concept layouts, kitchens with islands, in-suite laundry, gas fireplaces, elevator access, and 4-bay heated garage is also included. At the rear of the property, a separate 4,000 sq. ft. heated warehouse adds further rental income and flexibility. The site includes 80+ parking stalls and is fully equipped with high-capacity electrical service, making it ideal for year-round operation. Whether you're expanding a portfolio or looking for a turnkey business with additional income, this rare property delivers location, stability, and opportunity in one package. (id:1945)
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Property details for 516 522 Broadway Street W, Yorkton
- Type
- Commercial
- Living Area
- 19,791 square feet
- Lot Size
- 2.09
- Heating
- Radiant heat, Electric, Furnace
- Ownership
- Freehold
- Annual Taxes
- $65,978 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 516 522 Broadway Street W
Active Listings
58
Min Price
$15,000
Max Price
$7,900,000
Avg Price
$488,874
Days on Market
101
days
Sold Listings
19
Min Sold Price
$17,500
Max Sold Price
$365,000
Avg Sold Price
$201,221
Days until Sold
106
days
Price History
Listed
October 7, 2025
by RE/MAX Blue Chip Realty
Current Price
$7,900,000
Type
Commercial
For Sale
