Address
4811 48 Street, Red Deer, AB
Price
$ 729,900
Property Attributes
  • MLS#A2334814
  • TypeCommercial
  • Listing Status Active
  • CityRed Deer
  • NeighbourhoodDowntown Red Deer
  • Postal CodeT4N 1S6
  • StyleLow Rise (2-4 stories)
  • Year Built1979
  • Price$ 729,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.133517 Acres
Data Source:
Pillar 9 Technologies
Property Description

This two storey walk up stand alone building (slab on grade) is conveniently located directly across from Red Deer’s new Courthouse/Justice Centre and the Red Deer Transit Station hub. There are extensive developments on both floors- Main floor 14 offices and one boardroom; Second floor potential of 10 offices ( currently configured as 5 offices and 3 training rooms plus a boardroom). The building has historically been office use however main floor could be converted to a retail space. Second floor has separate entry and exits on the west side of the building; potential to be rented out as one or two units. Parking- surface parking at the rear of the building up to 7 vehicles ( 2 stalls are tandem); metered parking in front with multiple public and private offsite parking options all within 300 Feet of the building. Owners recently modernized/renovated the front of the building (2025) An excellent opportunity to purchase a downtown asset with a convenient location at an affordable price! Building is also available for lease; see MLS A2303514

Price History
8/5/2026 Listed $729,900

General Features

Heating Forced Air,Natural Gas
Cooling Full,Other
Roof Fiberglass,See Remarks
Zoning C-1
Restrictions None Known
Year Built 1979
Building Name Peterson Building
Property Subtype Office
Transaction Type For Sale
Building Type Free-Standing,Low Rise (2-4 stories)
County Red Deer
Property Type Commercial
Subdivision Name Downtown Red Deer
Parking Total 7
Commercial Amenities Boardroom
Status Active
City Red Deer
Structure Type Low Rise (2-4 stories)
Standard Status Active

Interior Features

Below Grade Finished Area Unit Type SquareFeet
Building Area Total SF 8000.00
Building Area Total Metres 743.22
Footprint SQFT 4000
Main Level Areas SquareFeet

Exterior Features

Inclusions all blinds and window coverings currently on property
Foundation Slab
Building Area Total 8000.00
Lot Size Acres 0.13
Lot Size Square Feet 5816

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in T4N 1S6

Price
AVG $240K
$730K
Year Built
AVG 1979
1979
Visits
AVG 34
5
Data Provided by Inside Real Estate®