227-229 Pearl Street
Thunder Bay, ON
- 10 bath
- 12,000 sqft
- Commercial Retail
**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in PRIME DOWNTOWN PORT ARTHUR LOCATION!!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings.
Listing Details
- Taxes (2025)
- $19,944
- Listed
- February 10, 2026
Price History
Property
- Construction
- Brick
- Roof
- Tar and Gravel, Flat
- Foundation
- Poured Concrete
- Interior
- Other
Parking
- Garage
- None
- Covered Spaces
- 0
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Downtown Waterfront District North Ward Across from the Casino on Pearl Street between Court Street and Cumberland Street.
- Zoning
- Downtown Neighborhood Zone
- Parcel Number
- 621430028
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Hospitality/Food Related
Included
- Inclusions
- Tables, Chairs, Office Equipment, Full Commercial Kitchen Equipment + Banquet Hall Furnishings
Community
Postal area P7B
- Population
- 22,675
- Private dwellings
- 11,110
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $70,000
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 Thunder Bay · last 12 months
- Median sold price
- $407,500
- Homes sold
- 363
- Median days on market
- 15
- Sale-to-list price
- 106.6%
Based on 363 recorded sales of commercial properties in Thunder Bay over the last 12 months.
Listed by
ROYAL LEPAGE LANNON REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $19,944
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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