Property Details for MLS® # A2209104
604 1 Street, Grassy Lake
Business for Sale
- MLS®#: A2209104
- Price: $699,000
- Status: Active
- Year Built: 1982
Exceptional Turnkey Investment Opportunity. This offering includes land, a mixed-use building (grocery and residential), a well-established grocery business, equipment, and an above-ground fuel tank. The business serves as a central retail hub for the town, offering a comprehensive range of products including groceries, liquor, tobacco, lottery, and fuel (regular and diesel). As the only grocery store in town, it enjoys consistent customer traffic and reliable revenue streams. The property has been thoughtfully upgraded and is meticulously maintained. A newly built 1,200 sq. ft. residential home featuring 2 bedrooms and 2 bathrooms is located directly adjacent to the commercial building—ideal for owner-occupancy or generating additional rental income. The grocery store occupies 3,200 sq. ft. on a 23,702 sq. ft. (0.544 acre) lot, with significant potential for further development. Opportunities include enhancing the existing fuel infrastructure, introducing a shop-in-shop food depot in response to growing local demand. This growth is expected to further increase foot traffic and broaden the store’s customer base, enhancing long-term value for investors and operators alike. New residential developments are currently under construction, adding significant value to this opportunity whether for investment purposes or owner-occupied operation. This is a rare chance to acquire a thriving business with real estate and immediate upside in a growing Alberta community.
Contact Ryan & Dennis Shandruk About MLS® A2209104

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3
property information
- Property Type: Business
- MLS®#: A2209104
- Year Built: 1982
Community Information
- Address: 604 1 Street
- Neighbourhood: Grassy Lake
- City: Grassy Lake
- Postal Code: T0K 0Z0
interior
- Included: None
- Fireplace Details: For Sale
Registration Benefits
By Creating an Account You'll Access:
- More Grassy Lake Listings Browse through every listing in the MLS® System and do as many different searches as you like!
- Days on Website & Financial Info See protected details including Days on Website, Taxes, Condo Fees, Possession Dates, and more!
- Save Your Favorites Star favorite listings, add personal notes, and save custom searches you use frequently!
- Real Time Email Notifications Opt in to receive emails when new properties are listed that match your saved searches!
First Place Realty