NewFor Sale

227-229 Pearl Street
Thunder Bay, Thunder Bay, ON, P7B 1E3

Commercial Retail
TRREB
MLS® Number: X13244182
$1,350,000List Price
Commercial RetailProperty Type
12,000 sq ftSize
$19,944.41 / 2025Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 227-229 Pearl Street, Thunder Bay, ON P7B 1E3

0 Transactions by CPRB Agents

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Description

**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.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$19,944.41 / 2025
Listing #:X13244182
Property Type:Commercial Retail
Size:12,000 sq ft
Land Size:< .50 acres
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE LANNON REALTY

Rooms

Details

Property

Property Type:Commercial Retail
Community:Court / Cumberland
Municipality:Thunder Bay

Building

Size:12,000 sq ft
Construction:Brick

Inside

Bedrooms:0
Bathrooms:10
Kitchens:0
Family Room:No
Appliances Included:Other
Basement:Yes, Full

Parking

Driveway:Other
Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Other
Heating Type:Other
Heating Fuel:Gas
Utility Sewer:Sewer

Land

Cross Street:Downtown Waterfront District North Ward Across from the Casino on Pearl Street between Court Street and Cumberland Street.

$1,350,000

List price

227-229 Pearl Street, Thunder Bay – Commercial Retail for sale