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261 King St 4,000 SF 100% Leased Retail Building Midland, ON L4R 3M4 $451,244 USD ($112.81 USD/SF)
INVESTMENT HIGHLIGHTS
- Situated in the heart of Midland’s vibrant core, just 90 minutes from Toronto and steps from shops, dining, and Georgian Bay waterfront trails.
- Both apartments and the commercial unit available for immediate occupancy—ideal for investors or owner-operators.
- Private parking, attractive courtyard, front and rear access, and ample downtown parking for customers and tenants.
EXECUTIVE SUMMARY
This 4,000 , 3 level, well cared for building has a multitude of retail and residential use options, due to its amazing location in downtown Midland. The picturesque town of Midland, being only a short 90 minute drive to Toronto, has evolved into a major tourist hub, attracting cottagers and tourist from around the globe. For the last 31 years the main retail level has been a successful ladies/mens footwear business, Shoes to Boot! The second level consists of 2 efficient one bedroom residential units. This building has been meticulously cared for and upgraded. Private parking, attractive court yard, front and back access, limitless downtown parking, and full lower level for storage. Great value for the savvy investor! Vacant possession of 2 apartments and commercial unit available.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1900
Price
$451,244 USD
Price Per SF
$112.81 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.02
Lot Size
0.09 AC
Zoning
Dc-F2 - Downtown Core Commerical
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
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261 King St
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