Business For Sale · Specialty

215 MAIN STREET W, Thunder Bay Remote Area

215 MAIN STREET W, Thunder Bay Remote Area, ON P0T1C0

$225,000 total

1,700 SF

Asset Class

Specialty

Size

1,700 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$132

Occupancy

84%

Lot Size

1700 ac

About this property

A great opportunity to own a spacious commercial property featuring an open-concept layout, kitchen area, two bathrooms, dedicated office space, and a newer, spacious deck overlooking a fenced-in yard. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$225K
Down payment30% · $68K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$11K

Annual cash flow

$-1K

Cash-on-cash

-1.61%

DSCR

0.91

Going-in cap

5.06%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design975 SF2030-02
Blue Harbour Design460 SF2030-02

Area demographics

Trade area within 3 miles of the property.

Population

63,349

Households

29,173

Median income

$90,500

Median age

46

Daytime population

59,073

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 215 MAIN STREET W, Thunder Bay Remote Area.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.