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Listed by Robby Bear • RE/MAX Blue Chip Realty
$ 7,900,000
Est. payment | /mo
21,261 SqFt
$ 7,900,000
Est. payment | /mo
21,261 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,261 sqft
Price per Sqft $371
Subdivision West Yo
MLS Listing ID SK020219
Year Built 1973
Lot Size 2.090 Acres
Acres 2.09
Property Sub-Type Mixed Use
Source Saskatchewan
Property Description
Exceptional Mixed-Use Revenue Property – Prime Location in West Yorkton - An outstanding investment or owner-operator opportunity! This 2.09-acre commercial property offers three revenue-generating components—a well-established, highly profitable restaurant, two modern residential suites, and a leased 4-bay heated warehouse. Located in a high-traffic area beside the Painted Hand Casino and across from the Gallagher Centre, the property is home to the iconic Melrose Place Family Restaurant (9,869 sq. ft.). In operation for 47 years, including 26 at this location, the restaurant features a licensed dining area, bar/lounge, VLT room, modern commercial kitchen, rooftop HVAC, and recent upgrades including a new roof and kitchen equipment (2024). Significant growth potential exists through catering, banquet rentals, expanded hours, or delivery services. Attached to the restaurant are two high-quality residential suites totaling over 5,800 sq. ft., each with open-concept layouts, kitchens with islands, in-suite laundry, gas fireplaces, elevator access, and 4-bay heated garage is also included. At the rear of the property, a separate 4,000 sq. ft. heated warehouse adds further rental income and flexibility. The site includes 80+ parking stalls and is fully equipped with high-capacity electrical service, making it ideal for year-round operation. Whether you're expanding a portfolio or looking for a turnkey business with additional income, this rare property delivers location, stability, and opportunity in one package.
Location
Province SK
Community West Yo
Interior
Heating Air Conditioning, Electric, Floor Model Furnace, Radiant Heat, Roof Top H/Vac
Exterior
Garage Spaces 84.0
Fence None
Amenities Available Alarm System Owned, Anchor Tenants, Floor Drains, Interior Space, Onsite Parking, Store Front
Topography Flat
Total Parking Spaces 84
Building
Sewer Attached to Municipal
Structure Type Mixed
Others
Ownership Freehold
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