571 Bank Street
Norfolk, ON
- 6,504 sqft
- Industrial
- 132 days on market
Attention investors & business owners, this is a rare opportunity to acquire a fully renovated and highly versatile commercial property at 571 Bank Street in Simcoe. Set on a 1.27 acre lot in a high traffic location, this ML zoned property offers excellent exposure, access to major routes & flexibility for a wide range of light industrial & commercial uses. Offering apprx 6,504 sqft, the building was renovated top to bottom in 2018 w/permits. The front features a professionally designed showroom w/a red cedar ceiling w/exposed steel I beams, & AODA accessible family bathroom, along w/2 addtl washrooms. A third front room is already plumbed for 4 more toilets, allowing for future expansion. The space also includes a kitchenette, office area, & LED lighting. Flooring throughout has been updated, with 3 front offices (excluding the rounded corner office, which features luxury vinyl tile) finished in engineered hardwood. Hallways, main areas, & bathrooms are completed w/24"x24" porcelain tile, while the décor/kitchen & office cubicle areas feature luxury vinyl plank. Terrazzo flooring is found exclusively in the rear warehouse areas, incld the garage & storage spaces. The warehouse is designed for function w/on grade loading through a 9'4x9'7 roll up door. A 2024 independent gas suspended heater w/separate thermostat provides efficient climate control. HVAC system includes 2 furnaces, currently operating on 1, w/option to extend service into warehouse. The exterior features concrete block construction w/steel cladding, new stucco finish, and new windows w/protective coating. The roof includes a BML flat roof (2018) and steel DAP roofing (2026). Interior framing features 2x6 steel studs w/code compliant insulation & firewall. Over 60 parking spaces, including 2 accessible spots, plus a 30x60 concrete pad w/footings for future expansion. Addtl features include an owned Millennium security system, signage electrical box, natural gas, & Bell Explornet high speed internet.
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Listing Details
- Taxes (2025)
- $15,443
- Listed
- April 29, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 187.97 x 300.25 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Second & Bank
- Zoning
- ML
- Parcel Number
- 502850040
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- Awning, Fridge, Island, Shelving, Fireplace, Cubicles - negotiable. Bookshelf in kitchen.
- Exclusions
- Carrillo Sign, Product/Display of business owner. All furniture, product, samples and decor
- Rental Items
- Alarm System
Community
Postal area N3Y
- Population
- 23,402
- Private dwellings
- 10,382
- Median age
- 49.2
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Norfolk · last 12 months
- Median sold price
- $585,000
- Homes sold
- 477
- Median days on market
- 42
- Sale-to-list price
- 95.9%
Based on 477 recorded sales of commercial properties in Norfolk over the last 12 months.
Listed by
REVEL REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
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Commercial figures
- Building area
- 6,504 sq ft
- Price per sq ft
- $199.72
- Annual property tax
- $15,443
- Tax per sq ft
- $2.37
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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