227-229 Pearl Street Thunder Bay, Ontario P7B 1E3
$1,350,000
**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. (id:49269)
Business
| Business Type | Other |
| Business Sub Type | Offices |
Property Details
| MLS® Number | X13244182 |
| Property Type | Business |
| Community Name | Court / Cumberland |
| Communication Type | High Speed Internet |
| Farm Type | Other |
| Features | Irregular Lot Size |
| Parking Space Total | 50 |
Building
| Bathroom Total | 10 |
| Basement Type | Full |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Utility Water | Municipal Water |
Land
| Access Type | Public Road |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 198 Ft |
| Size Irregular | 0.32 |
| Size Total | 0.32 Ac|under 1/2 Acre |
| Size Total Text | 0.32 Ac|under 1/2 Acre |
| Zoning Description | Downtown Neighborhood Zone |
Utilities
| Natural Gas Available | Available |
| Cable | Available |
| Electricity Connected | Connected |
| Telephone | Nearby |
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September 01 2026 04:24:00
Thunder Bay Real Estate Board
Royal LePage® Lannon Realty