3851 HWY 588, Thunder Bay Remote Area (Strange)

$399,900

For sale: Other

Other at 3851 HWY 588, Thunder Bay Remote Area (Strange)
Property type
Commercial Retail
MLS®
MLS® X13250406
Neighbourhood
Strange

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

Sold data

Homes in Thunder Bay Remote Area (Strange) — recent sold market

Homes in Thunder Bay Remote Area (Strange) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 55, across 32 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $277,400.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 38% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$277,400
Sale-to-list ratio
96.6%
Sold above asking
38%

Based on 32 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 3851 HWY 588