gray and white house
125 Main Street N
Airdrie, AB, T4B 0R8
$10,880,000
Beds
0 Baths
SqFt
0 Acres
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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 97% 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 $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum.
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Property Details

Price:
$10,880,000
MLS #:
A2172159
Status:
Active
Baths:
0
Address:
125 Main Street N
Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown
City:
Airdrie
Listed Date:
Oct 10, 2024
Province
AB
Postal Code
408
Year Built:
1984
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Accessible Elevator Installed

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Parking Total
59
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