242 12B Street N
Active Listing

242 12B Street N

242 12B Street N, Lethbridge

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$525,000Price
3,600Sq Ft

The subject property is located in North Lethbridge, close to downtown and easily accessible from 12B Street North, 2 Avenue North, and Stafford Drive North.

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The subject property is located in North Lethbridge, close to downtown and easily accessible from 12B Street North, 2 Avenue North, and Stafford Drive North. Neighbouring tenants include a mixed neighbourhood of office, retail, and industrial businesses. This includes Centre Village Mall with anchors Canadian Tire, Save-On-Food, and London Drugs. There are industrial services such as Niels & Gord's Lawn Mower & Small Engine Repair, and Bridge City Doors. Retail businesses in the area also include Play it Again Sports, Color Me Mine, Live Better Cafe, and Cutter Loose Motorsports. This stand-alone industrial and retail building features two units (240 and 242) that are fully demised and separately metered. The site is fully fenced and gated, with two rear parking stalls, a rear entrance, and security cameras at both the front and back entrances. Five unmetered angle-parking stalls are available at the front for customer use. The property has strong visibility along 12B Street North and provides an opportunity for prominent signage. Each unit includes a front showroom, office, washroom, and shop space with a 10’ x 12’ overhead door and unit heaters. Unit 240 also includes a mini make-up-air unit. Unit 242 is currently occupied by the Veterans Association Food Bank and produces stable income. The property is well suited for an owner-user who wishes to operate from one unit while utilizing the other for supplementary revenue or future expansion.

Specifications

Property Details

Property TypeCommercial
Property SubtypeRetail
StructureMulti Unit
Transaction TypeFor Sale
Living Area3,600 sq ft
Building Area3,600 sq ft
Lot Size6,098 sq ft
Lot Acres0.1400
Year Built1959
Annual Taxes$9,452 (2025)
Tax Assessment$374,000
ZoningI-B
PossessionNegotiable
Occupant TypeTenant
Title / LandFee Simple
InclusionsNone
Days on Market31
ListedMarch 16, 2026
NeighbourhoodSenator Buchanan
MLS NumberA2291919
The Location

Senator Buchanan

242 12B Street N, Lethbridge, Alberta, T1H 2K7

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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of AVISON YOUNG.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $9,452. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2291919. Listed March 16, 2026. Listed by AVISON YOUNG.

Ask About This Property

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: April 30, 2026.