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Home AB Greater Calgary Airdrie Downtown
125 Main Street N
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125 Main Street N $10,880,000
$10,880,000
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125 Main Street N
Airdrie, Alberta T4B0R8

MLS® Number: A2172159

Listing Description

This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area’ making it a very desirable property to own in the short and long term.This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.This building is 100% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.Current Net Rental income is $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.Click the link below to download the brochure! (29697572)

Property Summary

Property Type
Retail
Building Type
Retail
Community Name
Downtown
Subdivision Name
Downtown
Land Size
Unknown
Built in
1984
Annual Property Taxes
$20,400
Total Parking Spaces
59
Time on REALTOR.ca
174 days

Building

Heating & Cooling
Cooling
Central air conditioning
Heating Type
Other, Forced air, (Natural gas)
Maintenance or Condo Information
Maintenance Management Company
Manchester Properties Inc.
Parking
Total Parking Spaces
59

Measurements

Square Footage
27443 sqft
Total Finished Area
27443 sqft
Exterior Building Size
27443 sqft

Land

Other Property Information
Zoning Description
M3
Lease Type
Triple Net
Data provided by: Pillar 9™
Bennett Edwardson