320 Railway Avenue, Granum

2026-03-05
 

Quick Summary

Location
320 Railway Avenue, Granum, Alberta T0L1A0
Price
$549,900 CAD
Status:
For Sale
Property Type:
Business
Area:
2415 sqft
Year of Construction:
1904

MLS®#A2290999

Property Description

Step into a truly magical space—one that’s ready for a chef, restaurateur, or entrepreneur looking to create something memorable.This beautifully restored and completely updated building blends historic charm with warmth and personality. Inside, guests are welcomed by exposed brick walls, timber beams, hardwood floors, tin ceilings, and comfortable leather bench seating. Thoughtfully designed dining nooks invite conversation, while an elevated level offers a distinctive space ideal for private gatherings, events, or chef’s table experiences.The opportunity here is truly turnkey. From kitchen equipment to dishes and service essentials, nearly everything needed to open and operate your own restaurant is already in place and included with the property. (Artwork and clocks are part of the owner’s private collection, though most other items are negotiable.)Adding flexibility and value, the property includes two additional developed living spaces. A private suite within the building features its own entrance along with a full bath, kitchen, washer, and dryer—perfect for an owner-operator or on-site manager. In addition, an attached 600+ square foot fully renovated and furnished two-bedroom suite offers excellent revenue potential. Currently rented and generating income, it includes appliances, furnishings, and in-suite laundry.The building itself has undergone extensive upgrades. The original structure has been fully redone with new windows and doors, a roof insulated to R-40 standards with updated covering, and a newer furnace and hot water tank. The spacious lower level provides ample storage and utility space.Located in the hamlet of Granum along the Highway 2 corridor between Calgary and Lethbridge, this property is ideally positioned to serve both rural communities and travellers moving through Alberta’s cattle and farm country. For the right owner, it offers the rare chance to create a destination dining experience—one that draws guests from both nearby co mmunities and the larger urban centres just up and down the highway.A unique property. A turnkey opportunity. And a place where vision, hospitality, and great food could turn this charming space into a true destination. (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 2415 sqft
  • Building Type: Retail

Land

  • Land Size: Unknown

Ownership

  • Type: Freehold

Zoning

  • Description: NR-Commercial

Information entered by RE/MAX REAL ESTATE - LETHBRIDGE
Listing information last updated on: 2026-03-09 17:30:10


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How much could you save in commission selling with One Percent Realty?

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$500,000

Your One Percent Realty Commission savings

$500,000

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

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What is the deal exactly, with One Percent Realty?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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What do you charge?

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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