Northgate Professional Building

12940 97 Street Northwest, Edmonton, AB 543

Property Information

  • For Sale $2,450,000
  • Property Type Office
  • Property Size 10,836 SF
  • Date Updated Jul 9, 2026

Description

REMAX Commercial Excel is pleased to present the exclusive sale of the Northgate Professional Building, a fully-tenanted two-storey mixed-use asset positioned on Edmonton's 97 Street NW arterial corridor. The property delivers a stabilized rent roll anchored by an investment-grade pharmacy and medical clinic, complemented by a diversified mix of established retail and professional office tenants.

  • Long-term anchor: 10-year pharmacy & medical clinic lease commencing 2026, with five contractual rent escalations and two five-year market-rate renewal options
  • Diversified income stream across healthcare, convenience, cannabis retail, professional services, and security
  • Contractual rent escalations substantially across all leases provide built-in NOI growth through hold period
  • One vacant 778 SF second-floor suite offering immediate lease-up upside
  • Located on Edmonton's 97 Street NW — a major north–south arterial connecting downtown to the city's northern suburbs
  • Established neighbourhood retail node with surrounding multi-family and single-family residential demand drivers
  • Professionally managed by NADG (North American Development Group)

Contacts

Location

Located at 12940 97 Street Northwest, Edmonton, AB 543, this property is part of the Lauderdale - Rosslyn neighborhood.

Contact Listing Broker
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