FIRST TIME OFFERED FOR SALE! Own a piece of downtown Midland history with this iconic, high-exposure commercial/residential building, famously known as "Johnstone's Music Land." Serving the Southern Georgian Bay community for over 80 years, this landmark property at 280 King Street offers unparalleled visibility and footprint in the heart of our vibrant main street business district.The main level features a massive, open-concept commercial retail space with soaring ceilings and large front display windows that flood the interior with natural light-perfect for retail, professional offices, a trendy restaurant, or a boutique clinic. Expand your footprint or inventory storage into the full, sprawling basement running the length of the building.The incredible bonus? A private, separate entrance leads to a spacious 2 - 3 bedroom apartment directly above the retail storefront. Perfect as a primary residence for an owner-operator, a premium long-term residential rental, or a lucrative short-term rental catering to Georgian Bay tourists.Unbeatable location with high foot traffic, ample street parking, Rare 5 car private parking at rear and close proximity to the Midland harbourfront, restaurants, and local amenities. Don't miss this rare, multi-generational investment opportunity to live, work, and invest in Downtown Midland! (id:66096)
Property Details
MLS®
S13440328
Property Type
Retail
Zoning
DC-F2
Interior Size
4,603 ft²
Frontage
22 ft
Building Area
4,603 ft²
Heating
Baseboard heaters
Cooling
None
Property Tax
$8,660.99/yr
Listed
145 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
145d
Midland listings, avg age
99d
Price / ft²
$154
List price
$710K
Long Listed: 145 days on market, against an average age of 99 days across the listings currently for sale in this city
Market timing · days on market0 → 99d avg age of current listings
Long Listed · day 145
Haho
This retail in Midland is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Royal LePage In Touch Realty · FORREST WILLETT
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4R)
This home lists at $710,000, about 10.1× the local median household income of $70,500.
Carrying it typically needs a household income of about $138,688 (20% down, 25-yr amortization, stress-tested) — roughly 97% above the area median.
Median household income
$70,500
Population
19,245
Median age
50.4
Owner / renter
68% / 32%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA L4R)
$710,000· $154/ft²
For sale
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Financing
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