The Opportunity

Overview

Redevelopment and investment opportunity in the heart of Spruce Groves City Centre. Located along McLeod Avenue, this 0.15+/- acre fully serviced property features an existing 1,560+/- SF commercial building with rear lane access. Currently owner-occupied and operating as a retail store, the property is zoned C1 - City Centre Commercial, allowing for a range of commercial and mixed-use opportunities. Situated within Spruce Groves established downtown core, the property offers frontage along McLeod Avenue with convenient access to Calahoo Road, Highway 16A and surrounding commercial and residential amenities. An opportunity to acquire a strategically located City Centre property with both existing commercial utility and future redevelopment potential. (id:61970)

Investment highlights

01Office

Property details

Property type: Office
Transaction: For sale
Site area: 6,446.88 square feet
Listing brokerage: Royal LePage Noralta Real Estate
Listing representative: Victor Moroz
Board / association: Edmonton - Commerical

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Financial information

Asking price$565,000

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Location intelligence

123 McLeod Avenue
Spruce Grove, Alberta T7X2K6

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Documents

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From interest to a decision

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01Prepare for the property tour

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 30246312
Last supplied (UTC): October 21, 2026
Listing brokerage: Royal LePage Noralta Real Estate
Listing representative: Victor Moroz
Board / association: Edmonton - Commerical

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: Royal LePage Noralta Real Estate · Listing representative: Victor Moroz · Board/association: Edmonton - Commerical · Updated (UTC): Oct 21, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.