3851 HWY 588
Thunder Bay Remote Area, ON
- 3,500 sqft
- Commercial Retail
- 144 days on market
Business with Property for Sale - Rare opportunity to own a mixed-use commercial property with multiple income streams on over 20 acres in the Whitefish Lake / Suomi area. Property features a well-established general store with attached 3-bedroom owners residence, offering convenient live/work potential. Also included is a newly constructed approximately 400 sq. ft. take-out restaurant building, fully equipped for pizza, burgers, and ice cream service, providing additional turnkey revenue opportunity. Additional improvements include a 60 ft. x 30 ft. garage/workshop, ideal for storage, service, or business expansion. The expansive 20+ acre parcel offers significant future development potential, including possibilities for trailer park development, storage units, or other commercial/residential uses. High visibility location serving the surrounding rural and recreational community. Ideal for owner-operators, investors, or entrepreneurs seeking diversified income and growth potential.Property Highlights: General store business with attached 3-bedroom residence - Separate 400 sq. ft. take-out restaurant (new build, fully equipped) - 60 x 30 garage/workshop - 20+ acres of land - Multiple income streams - Development potential
Listing Details
- Taxes (2025)
- $1,200
- Listed
- April 27, 2026
Price History
Property
- Construction
- Other
- Roof
- Other
- Foundation
- Other
- Interior
- Other
Parking
- Garage
- None
- Covered Spaces
- 0
Location & Legal
- Cross Street
- HWY 588 TO WHITEFISH LAKE / SUOMI
- Parcel Number
- 622860139
- Occupancy
- Owner
Community
Postal area P0T
- Population
- 32,000
- Private dwellings
- 17,869
- Median age
- 45.6
- Average household size
- 2.3
- Median household income
- $77,000
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 Remote Area · last 12 months
- Median sold price
- $305,000
- Homes sold
- 23
- Median days on market
- 39
- Sale-to-list price
- 93.5%
Based on 23 recorded sales of commercial properties in Thunder Bay Remote Area over the last 12 months.
Listed by
ROYAL LEPAGE LANNON REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $1,200
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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