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622 3 St SE 3,903 SF of Retail Space Available in Medicine Hat, AB T1A 0H5
Highlights
- Heavy foot and vehicle Traffic
- Full Basement
- Bright and Open Floor plan
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,903 SF | Negotiable | $6.15 CAD/SF/YR $0.51 CAD/SF/MO $24,003 CAD/YR $2,000 CAD/MO | Modified Gross |
1st Floor
Spacious Downtown Retail or Professional Space – Exceptional Value! Discover the perfect location for your business in the heart of downtown Medicine Hat! This versatile street-level space offers approximately 1,950 sq. ft. of well-designed main floor, featuring a large, open showroom ideal for retail displays or professional services. The updated décor, bright windows, and modern finishes create an inviting, light-filled atmosphere that’s sure to impress clients and customers alike. Enjoy the convenience of a full basement, providing ample storage or additional workspace to suit your needs. Parking is a breeze with a designated spot, additional off-street options, and plenty of on-street parking for your customers. With a low Gross lease rate for the size and amenities offered, this property presents outstanding value in a high-visibility location. Set your business up for success in a vibrant, growing downtown community! Contact your Commercial REALTOR® today to schedule a private tour and see how this space can work for you
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Basement
- Wheelchair Accessible
- DOWNTOWN CORE STREET LEVEL RETAIL
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 3,903 SF | Gross Leasable Area | 3,903 SF |
| Property Type | Retail | Year Built/Renovated | 1914/2025 |
| Total Space Available | 3,903 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,903 SF |
| Year Built/Renovated | 1914/2025 |
Nearby Major Retailers
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622 3 St SE
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