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Investment Highlights

  • Full-floor office suite with reception, private offices, and open work areas.
  • Recently upgraded washrooms and full build-out condition for immediate use.
  • Large windows throughout the space provide natural light and city views.

Executive Summary

Located in the heart of downtown Red Deer, this office space offers a full-floor opportunity within the Park Place building. The available suite spans 4,551 square feet and features an attractive reception area, approximately 12 private offices or multi-purpose rooms, and open areas with counters and sinks suitable for various uses. Large windows throughout the space provide abundant natural light, creating a bright and welcoming environment.
The building includes recently upgraded washrooms and offers a full build-out condition, ready for immediate occupancy. Positioned between 49th and 48th Avenues, the property provides excellent accessibility and visibility within the downtown core. Nearby amenities include retail, dining, and professional services, while public transit options are within walking distance, enhancing convenience for employees and visitors.
This property also includes an adjacent parking lot with approximately 20 spaces, generating additional income potential. The combination of functional office space and on-site parking makes this an appealing option for businesses seeking a central location in Red Deer’s business district.

Attachments

Brochure

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
17,200 SF
Building Class
B
Year Built
2004
Price
$657,842 USD
Price Per SF
$38.25 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,733 SF
Building FAR
1.04
Lot Size
0.38 AC
Zoning
C1 - Commercial (City Centre) District
Parking
11 Spaces (0.64 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 3rd Fl-Ste 300
  • 4,551 SF
  • Office
  • Full Build-Out
  • 60 Days

This is the entire top floor of Park Place, in the heart of downtown. The layout consists of an attractive reception area, approximately 12 offices/multi-purpose rooms as well as a couple open areas with counters/sinks which can be used in a variety of ways. Most of the offices have very large windows, from the floor almost to the ceiling. The washrooms on the floor have been recently upgraded.

Space Size Space Use Build-Out Available
3rd Fl-Ste 300 4,551 SF Office Full Build-Out 60 Days

3rd Fl-Ste 300

Size
4,551 SF
Space Use
Office
Build-Out
Full Build-Out
Available
60 Days

3rd Fl-Ste 300

Size 4,551 SF
Space Use Office
Build-Out Full Build-Out
Available 60 Days

This is the entire top floor of Park Place, in the heart of downtown. The layout consists of an attractive reception area, approximately 12 offices/multi-purpose rooms as well as a couple open areas with counters/sinks which can be used in a variety of ways. Most of the offices have very large windows, from the floor almost to the ceiling. The washrooms on the floor have been recently upgraded.

Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
  • Listing ID: 39892813

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 4825 47 St, Red Deer, AB T4N 1R3

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