640 3 Street SE

Opportunity

A rare opportunity to acquire a substantial, professionally renovated office building in the heart of downtown Medicine Hat. Encompassing 14,698 sf across three levels, the property is ideally suited for investors, owner-users, government agencies, professional service firms, educational organizations, or co-working operators seeking a functional and adaptable workspace.

Originally constructed in 1914, the building blends historic character, highlighted by its distinctive brick construction, with extensive modern upgrades to create a turnkey office environment capable of supporting a wide range of occupancy strategies. The current layout includes approximately 41 private offices, multiple meeting and collaboration spaces, boardrooms, reception areas, staff amenities, and IT infrastructure.

Extensively improved over time, the property has benefited from significant capital upgrades, including updated flooring, windows, HVAC systems, metal roofing, Cat6 and fibre connectivity, CCTV security, secure access systems, and a dedicated IT room. In excess of $200,000 in improvements were completed in 2024, further enhancing the building’s functionality and appeal for today’s business users.

With MU-D zoning and a central downtown location, the property offers immediate occupancy potential, value-add leasing opportunities, or long-term repositioning flexibility. Available through a court-appointed receivership process, this offering presents a rare opportunity to acquire a prominent downtown asset with substantial replacement value and future upside.

Location

Strategically located in Downtown Medicine Hat, 640 3 Street SE benefits from a highly accessible central location within the city’s primary business, professional, and government district. Surrounded by financial institutions, professional service providers, restaurants, retailers, and community amenities, the property offers a convenient environment for both employees and clients.

The location provides excellent connectivity throughout the city, with convenient access to major transportation routes, public services, and nearby parking options. Its downtown positioning supports a variety of business uses while offering strong visibility and proximity to the services and amenities that continue to anchor Medicine Hat’s commercial core.

The location also provides excellent connectivity throughout the city, with convenient access to major transportation routes, municipal services, public transit, and nearby parking options. Its downtown positioning offers strong visibility and accessibility while placing occupants at the centre of Medicine Hat’s established commercial core.