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9801 97 Avenue, Grande Prairie
2025-08-22
Quick Summary
MLS®#A2249826
Property Description
This is a premier "turnkey" acquisition opportunity in the heart of downtown Grande Prairie. The current owner is prepared to offer a 12-month leaseback on the main floor (or a negotiated portion of the building), providing the purchaser with guaranteed Day 1 income. This unique arrangement mitigates vacancy risk and provides immediate debt-service coverage while the new owner stabilizes the asset or plans a long-term leasing strategy.Asset Performance & Value-Add PotentialThe building comprises ± 4,259 sq. ft. of versatile space across two levels, offering a low-barrier entry into the downtown core with high revenue potential:Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.Yield Projection: Based on current Central Commercial (CC) zoning trends, the property offers a conceptual gross income range of $43,000 â $70,000+ annually (depending on configuration and market verification).Accessibility Advantage: The main floor is fully wheelchair accessible, targeting a high-demand, underserved niche for medical, legal, and government-agency tenancies.Strategic Capital ImprovementsMinimize near-term CAPEX and maximize ROI with recent high-value upgrades:New Flat Roof (Recently installed)Modernized exterior siding and professional entranceContemporary interior presentation aligned with neighboring modern developmentsSite Flexibility & Future UpsideOn-Site Parking: Situated on an 8,000 sq. ft. lot, providing the essential parking required for professional service firms.Strategic Acquisition: An adjacent 33' x 122' lot is available for separate purchase, offering a rare "land-bank" opportunity for building expansion, additional parking, or a phased multi-use redevelopment.Property SpecificationsTotal Building Size: ± 4,259 Sq. Ft.Lot Size: 8,000 Sq. Ft. (Plus adjacent lot option)Zoning: CC (Central Commercial) â supports professional, health , and educational uses.Location: Prime Downtown core with high visibility and established foot traffic.Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.Additional information and the "Mixed-Use Business Supplement" are available upon request through your Commercial REALTOR®. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 4259 sqft
- Building Type: Commercial Mix
Features
- Feature: See remarks
Land
- Land Size: 8052.48 sqft|7,251 - 10,889 sqft
Zoning
- Description: CC
Information entered by RE/MAX Grande Prairie
Listing information last updated on: 2026-04-26 04:31:44
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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