227-229 Pearl Street

Thunder Bay, P7B 1E3
FOR SALE
$1,350,000
227-229 Pearl Street, Thunder Bay
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
227-229 Pearl Street
Commercial Retail
CATEGORY
6,400
RETAIL AREA
X13244182
MLSID
Contact Us
Property Description
**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in PRIME DOWNTOWN PORT ARTHUR LOCATION!!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings.
Property Details
Address
227-229 Pearl Street
Postal Code
P7B 1E3
Property Type
Commercial Retail, Commercial Retail
Days On Market
102
Use
Retail
Zoning
Downtown Neighborhood Zone
Retail Area
6,400
Acreage
0.3 Feet
Taxes
$19,944 (2025
Basement
Yes, Full
Heat Type
Other
Heat Source
Gas
Water
Municipal
Parking Spaces
50
Garage Type
None
Listing contracted with Royal Lepage Lannon Realty
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