Medicine Hat Realtor® Murray Shivak
call me now

403-878-9998

502 South Railway Street SE

eXp Realty

Currently Listed at $275,000

Description

A Fantastic Investment Opportunity Awaits! Discover the potential of this free-standing downtown building, a property with a rich history as a restaurant and lounge. With its unique walk-out layout, this space offers incredible versatility, featuring two separate entrances for multi-use possibilities. Whether you're looking to invest in a property with endless potential or seeking a lease opportunity, this landmark is ready to inspire. The building has been largely stripped down to its bare bones, providing a blank slate for your vision. Highlights include: Parking options: Dedicated parking lot in front, ample on-street parking, and several nearby lots. Washrooms on all levels, ensuring convenience for any use. Basement: Equipped with washrooms, storage, and a utility room. Main floor: Former kitchen space (equipment removed but utility infrastructure intact), perfect for a restaurant or lounge setup, and a cozy seating area. Upper level: Features an iconic dance floor/stage, additional washrooms, an open area, and a separate entrance. While some work is needed to restore this local gem to its former glory, the possibilities are truly endless. Whether you're dreaming of a trendy restaurant, a vibrant entertainment venue, or a multi-use commercial space, this property can make it happen. Also available for lease! Contact your REALTOR® today to schedule a tour of this exciting opportunity and bring your vision to life.

Property Listed by Jen Boyle of Cir Realty

  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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  • 502 South Railway Street SE
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Essential Information

MLS
A2205833
Price
$275,000
Lease / Buy
For Sale
Lot Shape
Year Built
1920
Type
Mixed Use

Inclusions

N/A

Construction

Heating
Forced Air,Natural Gas
Roof
Asphalt Shingle,Tar/Gravel

Location

Murray Shivak

Murray Shivak

eXp Realty

(403) 878-9998

[email protected]

Request Inquiry
Murray Shivak

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403-878-9998

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Murray Shivak

Residential, Agricultural and Commercial Real Estate

403-878-9998

[email protected]

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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. Used under license.

© 2025 Murray Shivak