29-31 Main St - Retail FOR SALE


Flin Flon, MB R8A 1J5
$500,000 CAD
204-943-5700

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$500,000 CAD
Retail - FOR SALE
null | Request Cap Rate

29-31 Main St
Flin Flon, MB R8A 1J5


HIGHLIGHTS

  • Prominent location on Flin Flon’s Main Street with high visibility.
  • 15 tenants across two floors with 89% occupancy.
  • Strong income profile with $276K annual revenue.
  • 98 parking stalls including covered and gravel lots.
  • Zoned C2 Commercial with diverse tenant mix.

OVERVIEW

Positioned prominently on Flin Flon’s high-traffic Main Street, 29–31 Main Street presents a compelling investment opportunity in northern Manitoba. This 2.18-acre site features a well-maintained, multi-tenant commercial plaza totaling 41,500 square feet across two floors. With 89% occupancy and 15 diverse tenants, the property offers stable income and upside potential through lease renewals and new leasing. The building includes a mix of professional services, education, and financial tenants, including Baker Tilly Accounting and IG Private Wealth. The average in-place rent of $8.79 per square foot reflects strong market alignment, while the gross annual income of $276,247 supports a solid return profile. The site benefits from 98 on-site parking stalls, including covered and gravel options, enhancing accessibility for tenants and visitors. Constructed in two phases (1950 and 1987), the property is equipped with roof-mounted HVAC, 600V electrical service, and a wet sprinkler system throughout. Its location on Main Street ensures excellent visibility and connectivity, with additional frontage on Churchill Avenue and Hapnot Street. The surrounding area includes retail, residential, and civic amenities, reinforcing tenant demand and long-term viability. This asset is ideal for investors seeking a value-add opportunity in a regional hub with limited competition and strong community presence.

FOR SALE DETAILS

PRICE

$500,000 CAD

PRICE/SF

$17 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rennie ZegalskiCapital Commercial Real Estate Services Inc.More Info
204-943-5700

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Rennie ZegalskiCapital Commercial Real Estate Services Inc.More Info
204-943-5700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.