Exceptional Mixed-Use Revenue Property – Prime Location in West Yorkton - An outstanding investment or owner-operator opportunity! This 2.09-acre commercial property offers three revenue-generating components—a well-established, highly profitable restaurant, two modern residential suites, and a leased 4-bay heated warehouse. Located in a high-traffic area beside the Painted Hand Casino and across from the Gallagher Centre, the property is home to the iconic Melrose Place Family Restaurant (9,869 sq. ft.). In operation for 47 years, including 26 at this location, the restaurant features a licensed dining area, bar/lounge, VLT room, modern commercial kitchen, rooftop HVAC, and recent upgrades including a new roof and kitchen equipment (2024). Significant growth potential exists through catering, banquet rentals, expanded hours, or delivery services. Attached to the restaurant are two high-quality residential suites totaling over 5,800 sq. ft., each with open-concept layouts, kitchens with islands, in-suite laundry, gas fireplaces, elevator access, and 4-bay heated garage is also included. At the rear of the property, a separate 4,000 sq. ft. heated warehouse adds further rental income and flexibility. The site includes 80+ parking stalls and is fully equipped with high-capacity electrical service, making it ideal for year-round operation. Whether you're expanding a portfolio or looking for a turnkey business with additional income, this rare property delivers location, stability, and opportunity in one package.
Listing Area:
Yorkton
Listing Subarea:
West YO
Property Type:
Commercial
Property Sub Type:
Mixed Use
Year built:
1973
(Age: 52)
Total Floor Area:
19,791 sq. ft.1,839 m2
Taxes:
$65,978 /
2025
Frontage:
235'71.6 m
Property Offered:
Buildings And Land
Ownership Title:
Freehold
Business Type:
Restarant, Residence, warehouse and land
Elevator:
Passenger Only
Assets Include:
Equipment & Machinery, Fixtures, Goodwill, Leasehold Improvements, Other (See Member Remarks), Parking, Trade Name
Office Size:
7,392 sq. ft.687 m2
Retail Size:
9,869 sq. ft.917 m2
Smoke Detector:
Yes
Sprinkler system:
No
Total Building Size:
21,261 sq. ft.1,975 m2
Warehouse Size:
4,000 sq. ft.372 m2
Workshop Size:
40x100
Heating:
Air Conditioning, Electric, Floor Model Furnace, Radiant Heat, Roof Top H/Vac
Heating Source Location:
In-Unit
Propane Tank:
Not Included
Sewer:
Attached to Municipal
Construction:
Mixed
Alarm System Owned, Anchor Tenants, Floor Drains, Interior Space, Onsite Parking, Store Front
Has Natural Gas: Yes, Other Buildings: Yes, Parking Facility: Yes, Service To Property: Yes, Workshop Heated: Yes, Yard Light: Yes
Data was last updated October 10, 2025 at 09:35 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$412,000
Min list price:
$34,900
Max list price:
$7,900,000
Avg days on market:
157
Min days on market:
3
Max days on market:
309
Avg price per sq.ft.:
$141.1
These statistics are generated based on the current listing's property type
and located in
Yorkton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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