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Calgary Real Estate

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MLS® Real Estate Listings - Homes, Condos, Acreage properties, Commercial - 403-998-2735

604 1 Street, Grassy Lake

Business for Sale

604 1 Street, Grassy Lake, MLS® # A2285879

Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community.

Contact Elke Babiuk About MLS® A2285879

Required Field

Elke Babiuk, 403-998-2735 at CIR Realty, #130, 703 64th Avenue SE, Calgary, Alberta, T2H 2C3

property information

  • Property Type: Business
  • MLS®#: A2285879
  • Year Built: 1982
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Community Information

  • Address: 604 1 Street
  • Neighbourhood: Grassy Lake
  • City: Grassy Lake
  • Postal Code: T0K 0Z0
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interior

  • Included: The seller will provide a list of equipment once the offer is accepted.
  • Fireplace Details: For Sale
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$699,000

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Listing Courtesy of
First Place Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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