Nokomis Retail for Sale
Details: Key Facts
Civic Address: 112 Main Street, Nokomis, SK
Legal Description: Lot 10-Blk/Par 1-Plan O5032 Ext 11; Lot 39-Blk/Par 1-Plan 101792729 Ext 12
Property Type: Commercial / Residential Mix
Commercial Area: Approx. 1,600 sq. ft. retail space
Residence: Approx. 1,190 sq. ft. second-storey residence
Inventory: Approx. $57,000, including approximately $20,000 in alcohol inventory. Inventory is additional to the purchase price.
Property Taxes: $3,444.66
Special Conditions: Reserved auction; inventory extra; non-competition agreement required; buyer to consider future pharmacy pickup depot arrangement
Building Information
An oppportunity to acquire a mixed-use Main Street property in Nokomis set up for continued operation as a liquor store and convenience store, with second-level residential living space. The property offers a practical owner-operator style layout, combining street-level retail exposure with on-site accommodation above.
The commercial portion is a retail space and is currently configured for convenience store and liquor vendor use. The main floor features customer service and checkout area, retail shelving, cooler and beverage space, dedicated liquor display area, back storage, and work space for day-to-day operations. This sale is being presented as a turn-key liquor store and convenience store opportunity, subject to the approvals and transfer requirements of the appropriate parties.
The pharmacy operation is transitioning to a new model; however, the buyer may agree to host a pharmacy prescription pickup location to receive support through ongoing customer traffic to the business. This may provide a useful way to maintain local foot traffic while repositioning the property for its next chapter of operation. Additionally staff members may be interested in continued employment.
Residential Information
The second storey includes a residence reported at approximately 1,190 sq. ft. and is well suited for owner occupancy, staff accommodation, or supplementary residential use. The living space that includes two bedrooms, living room, kitchen, bathroom, and utility/laundry space, offering a functional upper-floor residential component in a small-town commercial setting.
Inventory and Business Notes
Inventory is estimated at approximately $57,000, with alcohol inventory accounting for roughly $20,000 of that total. The balance is front-store inventory, although a small portion will need to be removed as it can only be sold from a pharmacy. A complete and updated inventory count will be completed prior to closing, and the final inventory amount shall be paid by the buyer in addition to the purchase price for the real estate, fixtures, permits, and related operating setup.
Condition Notes
The property presents as a functional mixed-use building with an active retail floor and upper residential accommodation. The property demonstrates a workable retail layout and livable residential area, while also reflecting some age and wear consistent with an older Main Street building. Buyers are encouraged to review the photo's carefully and satisfy themselves as to the condition, layout, suitability, permits, and future intended use of the property. Viewing Appointments are available upon request.
Special Conditions
As part of the sale, the buyer will be required to execute the Non-Competition Agreement attached to the listing. In short, the agreement restricts the property from being used as a retail pharmacy for a period of three years following closing, including prescription dispensing, sale of specialized pharmaceutical products traditionally sold in a pharmacy setting, or any business deriving more than 15% of its gross revenue from over-the-counter medications. A complete copy / draft of the Non-compete can be found in supportive documents at the bottom of the listing.
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