Opportunity awaits with this impressive 17,500 sq. ft. commercial building located in the heart of Thunder Bay's South Core. Positioned on Victoria Avenue, a corridor currently undergoing a major reconstruction project designed to revitalize the area and restore thorough traffic flow, this landmark property offers exceptional potential for investors, entrepreneurs, and developers alike. Rich in history and character, the building features soaring ceilings, stunning antique tin ceilings on the main floor, exposed brick walls, a striking rear mural, and expansive open-concept spaces that have most recently operated as an indoor marketplace. Spanning two levels plus a full basement, the property offers incredible flexibility for a variety of uses including retail, office space, mixed-use development, event space, studios, or commercial redevelopment. Additional features include two updated natural gas boilers (2016), predominantly LED lighting throughout, two bathrooms, a freight elevator system (currently not in use), a covered garage/loading dock, and upper-level living quarters complete with a gas fireplace. With its combination of size, character, history, and prime location in an area poised for renewed growth, this is a rare opportunity to acquire one of the South Core's most distinctive commercial properties. Endless possibilities await the next visionary owner. Visit www.century21superior.com for more info & pics. (id:66096)
Property Details
MLS®
X13251492
Property Type
Retail
Business Type
Retail and Wholesale
Bathrooms
2
Parking
1
Lot Size
58 × 150 ft (8,687 sq ft)
Frontage
57 ft
Basement
Full
Heating
Hot water radiator heat, Natural gas, Other
Cooling
None
Property Tax
$5,210.38/yr
Listed
156 days ago
Features
Appliances
Washer
Foundation
Poured Concrete
Exterior
Brick
Services
Water
Municipal water
Utilities
Cable, Telephone, Natural Gas Available, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
156d
Thunder Bay (McKeller Park) listings, avg age
112d
List price
$865K
Long Listed: 156 days on market, against an average age of 112 days across the listings currently for sale in this city
Market timing · days on market0 → 112d avg age of current listings
Long Listed · day 156
Homes here sell faster than most markets
Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 107.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Thunder Bay (McKeller Park) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Century 21 Superior Realty Inc. · Wendy Ferris
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (P7C)
This home lists at $865,000, about 11.9× the local median household income of $72,500.
Carrying it typically needs a household income of about $168,965 (20% down, 25-yr amortization, stress-tested) — roughly 133% above the area median.
Median household income
$72,500
Population
21,695
Median age
42.4
Owner / renter
68% / 32%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA P7C)
$865,000
For sale
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Financing
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