$595,000
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4917 48 Street, Red Deer, AB T4N 1S8

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Well-located in the heart of downtown Red Deer, this 21, 400 sq. ft. four-storey office and retail building offers excellent flexibility and upside potential. The main floor provides strong retail exposure, with additional office/retail space in the lower level and on the upper floors, suitable for a wide range of tenants or owner-users. Each floor includes mens and ladies washrooms along with its own furnace room with forced air heating. The building is also supported by rooftop A/C and a durable tar and gravel roof system. Several spaces are ready for immediate occupancy, while others offer value-add potential through upgrades. The owner has invested approximately $140, 000 in front windows and facade, air conditioning, elevator and security in the last few years. A key feature is the adjacent vacant lot, available for purchase from the City of Red Deer, with the potential for approximately 30 parking stalls. This could also create the opportunity to add windows along that side of the building, enhancing natural light and overall tenant appeal. An excellent opportunity to acquire a downtown asset with both income potential and room for improvement.

Listing By: Dale Russell - RE/MAX real estate central alberta cnpilar Realty.com
  • MLS® A2302911
  • Date Listed04/20/2026
  • Days on Realty 47 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.15 acres (6,380 sq. ft)
  • Subdivision Downtown Red Deer
  • County Red Deer
  • Year Built 1978

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.15
  • Lot Size SQFT 6,380.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N 1S8

Discover key demographics, population statistics, and environmental insights for the Red Deer, AB area.

Walkability in AB / T4N 1S8

Source: Walk Score

96/100

Walker's Paradise

Walk Score ®

49/100

Some Transit

Transit Score ®

62/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

22 nearby routes: 22 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 37/100, Transit Score: 31/100, Bike Score: 46/100.

Points of Interest near 4917 48 Street, Red Deer, AB T4N 1S8

Frequently Asked Questions for 4917 48 Street

Source: Realty.com

4917 48 Street, Red Deer, AB T4N 1S8 in Downtown Red Deer, Red Deer, AB T4N 1S8 is a office listed at $595,000. Highlights include built in 1978, 0.15 acre lot. Realty.ca has 17 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 17 photos of 4917 48 Street.

Our records indicate that 4917 48 Street was built in 1978.

The full address for this home is 4917 48 Street, Red Deer, AB T4N 1S8.

4917 48 Street has been listed on Realty.com since Mon April 20, 2026

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 37/100, Transit Score: 31/100, Bike Score: 46/100.

Listing provided courtesy of: RE/MAX real estate central alberta (tel: 403-343-3020)
Listing agent: Dale Russell (tel: 403-343-3020)

This content last refreshed on 2026-06-06 21:54:56. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.