Nichols Real Estate Group
CIR Realty

Properties

Red Deer Commercial Properties

Jon, Denise, Joel and Jackie Nichols from CIR Realty consistently help clients achieve their real estate related goals by getting them acquainted with the Central Alberta real estate market.

Following are Commercial Properties for Sale or Lease in the City of Red Deer. Give us a call or email on any listings that you are interested about and we can arrange a viewing.

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  • in Red Deer: Downtown Red Deer Mixed Use for sale : MLS®# A2352910

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    $389,900
    Commercial
    Status:
    Active
    MLS® Num:
    A2352910
    Build. Type:
    See Remarks
    **DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389,900 asking price. The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11,897 square feet of building area on a 6,500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval. Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods. For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review. Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration. More details
    Listed by Century 21 Advantage
    LISTING DETAILS

  • in Red Deer: Business for lease : MLS®# A2352514

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    Main Photo: in Red Deer: Business for lease : MLS®# A2352514

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    $179,900
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2352514
    Build. Type:
    Commercial Mix
    Turnkey quick-service restaurant in Red Deer, offered confidentially. Approximately 3,000 sq ft with dine-in seating, a bar area, takeout and a growing online delivery channel. The premises are fully built out with a commercial grease hood, fire suppression, walk-in cooler and freezer, fryers, flat grills and ovens, so a new owner can operate from day one. Currently part of a young, fast-growing Canadian franchise system with 22 locations and 30 expected by year end, territory rights for all of Red Deer, a 5% royalty and no marketing fund levy. The franchise is optional. A buyer may continue with the current brand or bring their own restaurant or pub concept, subject to landlord approval. Lease in place to 2030 with a renewal option. Business name, address and financials released to qualified buyers after a signed confidentiality agreement. Showings by appointment only. Please do not approach the business or staff directly. Lead image is a sample rendering. More details
    Listed by KIC Realty
    LISTING DETAILS

  • in Red Deer: Waskasoo Retail for sale : MLS®# A2293080

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    Main Photo: in Red Deer: Waskasoo Retail for sale : MLS®# A2293080

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    $6,590,000
    Commercial
    Status:
    Active
    MLS® Num:
    A2293080
    Build. Type:
    Commercial Mix
    A rare high-yield commercial investment located directly within the growth corridor surrounding the Red Deer Regional Hospital Centre Redevelopment — one of Alberta’s largest healthcare infrastructure upgrades. This major provincial investment is expected to significantly increase demand for medical, professional, hospitality, and mixed-use development in the immediate area, directly benefiting this property’s long-term value. The site is 1.94 acres within the C4 – Major Arterial Commercial Zone, fully leased to three stable tenants: a Japanese restaurant, a bakery & café, and a bar & lounge, generating net rental income of $374,524/Y. The building was originally constructed in 1962, with substantial renovations completed in 1998–1999, 2005, 2008, and 2014, ensuring ongoing functionality and tenant appeal. A major advantage of this offering is the large portion of vacant land included on the site. This additional land provides exceptional potential for future development, including: -Medical-professional centre supporting the expanding hospital district, -Rental condominium or apartment complex, -Mixed-use commercial with residential above, Specialized healthcare services or clinics, - Underground parking or walkout-level development, enabled by the site’s natural grade, The property’s topography offers an ideal foundation for walkout basements and subterranean facilities, reducing construction complexity and enhancing design flexibility. The C4 district is intended for high-visibility, high-traffic commercial uses along major transportation corridors. It supports businesses that benefit from strong exposure and easy access. C4 – Major Arterial Commercial Zone Overview This zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility. -Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical and professional offices, Automotive sales and service, More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS

  • in Red Deer: Retail for lease : MLS®# A2351830

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    Main Photo: in Red Deer: Retail for lease : MLS®# A2351830

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    $775,000
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2351830
    Excellent opportunity to acquire a profitable franchised pizza business in a growing Alberta city! Annual sales exceed $900,000, with monthly rent under $4,300, including operating costs and taxes. An attractive opportunity for investors and owner-operators seeking an established business in an expanding market. Two locations are available for sale. The advertised price and this listing apply to one location only. The second location is offered under a separate listing (MLS #A2351839) at a separate price. Both locations must be purchased together by the same buyer, as required by the franchisor The business identity, exact locations and detailed information are confidential and will be disclosed upon signing a non-disclosure agreement. Contact the listing agent for details. More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • in Red Deer: Retail for lease : MLS®# A2351839

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    Main Photo: in Red Deer: Retail for lease : MLS®# A2351839

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    $565,000
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2351839
    Excellent opportunity to acquire a profitable franchised pizza business in a growing Alberta city! Annual sales exceed $700,000, with monthly rent under $4,600, including operating costs and taxes. An attractive opportunity for investors and owner-operators seeking an established business in an expanding market. Two locations are available for sale. The advertised price and this listing apply to one location only. The second location is offered under a separate listing (MLS # A2351830) at a separate price. Both locations must be purchased together by the same buyer, as required by the franchisor The business identity, exact locations and detailed information are confidential and will be disclosed upon signing a non-disclosure agreement. Contact the listing agent for details. More details
    Listed by RE/MAX Real Estate (Mountain View)
    LISTING DETAILS

  • in Red Deer: Timber Ridge Mixed Use for lease : MLS®# A2347807

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    Main Photo: in Red Deer: Timber Ridge Mixed Use for lease : MLS®# A2347807

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    $18
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2347807
    Build. Type:
    Commercial Mix
    Located in Timber Ridge's newest commercial development, Timberlands Station. The second floor unit in Building G is 1,300 SF, in shell state and ready for tenant improvements. The building is equipped with an elevator and common washrooms are shared with other tenants of the second floor. Ample parking is available on site for customers and staff. This plaza currently has five buildings in place, with one under construction and two more planned. Neighbouring businesses of the plaza include Tim Horton's, Pizza Hut, Wendy's, Fas Gas, a Doctor's Office, and Pharmasave. Additional Rent is estimated at $11.00 per square foot for the 2026 budget year. More details
    Listed by RE/MAX Commercial Properties
    LISTING DETAILS

  • in Red Deer: Timber Ridge Mixed Use for lease : MLS®# A2351473

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    Main Photo: in Red Deer: Timber Ridge Mixed Use for lease : MLS®# A2351473

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    $18
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2351473
    Build. Type:
    Commercial Mix
    Located in Timber Ridge's newest commercial development, Timberlands Station. This second floor unit in Building G is 1,600 SF, in shell state and ready for tenant improvements. The building is equipped with an elevator and common washrooms are shared with other tenants of the second floor. Ample parking is available on site for customers and staff. This plaza currently has five buildings in place, with one under construction and two more planned. Neighbouring businesses of the plaza include Tim Horton's, Pizza Hut, Wendy's, Fas Gas, a Doctor's Office, and Pharmasave. Additional Rent is estimated at $11.00 per square foot for the 2026 budget year. More details
    Listed by RE/MAX Commercial Properties
    LISTING DETAILS

  • in Red Deer: Downtown Red Deer Retail for lease : MLS®# A2351075

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    Main Photo: in Red Deer: Downtown Red Deer Retail for lease : MLS®# A2351075

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    $900
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2351075
    Build. Type:
    Shopping Centre
    Prime retail and commercial lease opportunity at Town Central Mall, ideally located in a busy downtown central location with excellent exposure and strong daily vehicle and foot traffic. This is a gross monthly rent. Multiple units are available ranging from 330 to 2,200 sq. ft., making it the perfect fit for retail, office, medical, salon, and other service-based businesses. The property features convenient front parking, excellent visibility, and a Ross Street patio directly in front of the building, adding to the appeal and customer-friendly atmosphere. Surrounded by established businesses and consistent activity, this is an exceptional opportunity for both new and expanding businesses looking for a flexible and highly desirable commercial space. Call your realtor today to schedule a private showing. More details
    Listed by Pro Broker
    LISTING DETAILS

  • in Red Deer: Business for lease : MLS®# A2348463

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    Main Photo: in Red Deer: Business for lease : MLS®# A2348463

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    $190,000
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2348463
    Established Red Deer pizza and donair operations is offered together with 2,554sq.ft. condo unit. It is an independent business, with no franchise fees to restrict your operation. Open 7 days and week for takeout and delivery only, with no dining room to staff, furnish or maintain. The extensive menu is built on fresh ingredients, with sauces made and dough rolled in-house. The unit was rebuilt in 2020 as a purpose-built commercial kitchen. Upgrades include a new electrical panel and writing throughout, water lines and underground plumbing reworked for the kitchen layout, a new make up air unit, exhaust ducting and hood fans, and a new hot water tank. Both roof top HVAC units have been replaced. Lease rate is $4,000/month base rent ($19.20/sq. ft.), plus $600/month additional rent ($2.88/sq. ft.) More details
    Listed by Maxwell Real Estate Solutions Ltd.
    LISTING DETAILS

  • in Red Deer: Business for sale : MLS®# A2348460

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    Main Photo: in Red Deer: Business for sale : MLS®# A2348460

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    $535,500
    Commercial
    Status:
    Active
    MLS® Num:
    A2348460
    Build. Type:
    See Remarks
    Own the business and the real estate it operates from. This established Red Deer pizza and donair operation is offered together with its 2,500 sq. ft. commercial condo unit. It is an independent business, with no franchise fees and no restrictions on how you run it. Open seven days a week for takeout and delivery only, with no dining room to staff, furnish or maintain. The extensive menu is built on fresh ingredients, with sauces made and dough rolled in-house. The unit was rebuilt in 2020 as a purpose-built commercial kitchen. Upgrades include a new electrical panel and wiring throughout, water lines and underground plumbing reworked for the kitchen layout, a new make-up air unit, new exhaust ducting and hood fans, and a new hot water tank. Both rooftop HVAC units have been replaced. Sale includes the commercial condo unit and all restaurant equipment. More details
    Listed by Maxwell Real Estate Solutions Ltd.
    LISTING DETAILS

  • in Red Deer: Downtown Red Deer Office for lease : MLS®# A2349887

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    Main Photo: in Red Deer: Downtown Red Deer Office for lease : MLS®# A2349887

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    $14
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2349887
    Build. Type:
    Low Rise (2-4 stories)
    Well-proportioned 1,265 SF main-floor suite suited to a physiotherapy, chiropractic, or multi-practitioner wellness clinic. Located in a newly renovated medical/wellness-focused building, alongside a ground-floor pharmacy anchor and additional allied-health tenants. Excellent street-level visibility and generous floor plate accommodate multiple treatment rooms plus reception and admin space. A strong opportunity to establish or expand a wellness practice within a built-in, health-focused tenant community. More details
    Listed by Century 21 Maximum
    LISTING DETAILS

  • in Red Deer: Downtown Red Deer Office for lease : MLS®# A2349896

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    Main Photo: in Red Deer: Downtown Red Deer Office for lease : MLS®# A2349896

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    $22
    Commercial
    Status:
    For Lease
    MLS® Num:
    A2349896
    Build. Type:
    Low Rise (2-4 stories)
    Compact, efficient 618 SF main-floor space ideal for a pharmacy, in a newly renovated multi-tenant building. Excellent street-level visibility and signage exposure, positioned to anchor a growing medical/wellness tenant mix including physiotherapy, chiropractic, and massage therapy practices. Efficient footprint suits an independent or franchise pharmacy counter serving the building's allied-health tenant base and surrounding community. More details
    Listed by Century 21 Maximum
    LISTING DETAILS
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Data was last updated October 18, 2026 at 12:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.