Owner / User Opportunity

Retail-Commercial for Sale
Also listed as Special Purpose, Office
Catylist Listing ID: 30475509
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 31,317 SF
Gross Building Area: See Agent
Gross Land Area: 49,457 SF
Sale Price: $3,695,000
Unit Price: $117.99 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/28/2019

Overview / Comments

865 Main Street was constructed in 1903 and was known as the Euclid Block. It was a very busy neighbourhood retail store for many years and was known as the California Fruit Market. In 2011, the building was completely transformed into a community within a community known as Neechi Commons. Neechi Commons was comprised of a full commercial kitchen and bakery, grocery store with fresh and frozen meats, fish and food. 865 Main Street contains training rooms and office space. Neechi Commons closed in 2018 and is now being offered under Power of Sale by a Credit Union. The award winning firm of Bridgeman Collaborative Architecture assisted in that vision and transformed the building to modern day codes and standards.

- 4 loop state of the art ground water heat pump system, complete sprinkler system and completed finished lower level of over 8,000 SF
- A modern passenger elevator and three stairways service all three levels as well as a convenient goods conveyor
- Loading is via dock level loading door that likely can accommodate a 53 FT trailer
- All new building systems and wiring were installed in 2011
- The full size modern commercial kitchen has all the modern equipment of fryer, flat top, 9 burner gas range, prep counters, cooler and more
- The former grocery store has several walk-in coolers and freezers
- The property has been very well maintained
- This property is suited to users such as restaurant, caterer, banquet hall, church, office space, retail, gym, medical facility or social service agency
- Located on high visibility location with exposure to 41,500 cars per average weekday (2015 City of Winnipeg traffic count)
- In 2011, the building under went extensive renovations which includes but is not limited to: offices/ boardrooms, handicap accessible washrooms, open area, a commercial kitchen and seating area
- The building contains geothermal heating and cooling and is fully sprinklered
- The building is zoned C2-Com-Community which accommodates a wide variety of uses
- Elevator access to both the second floor and the lower level

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 4A
Tax ID/APN: 14100056100
Zoning: C2
Property Visibility: Excellent
Traffic/Vehicle Count: 41,500
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1903
Year Renovated: 2011
Parking Type: Surface

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Contact

Photograph of Listing Agent

Wes Schollenberg

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
Photograph of Listing Agent

Daniel Mondor

Avison Young
CPIX® Member
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