Spruce Grove, AB Commercial Real Estate for Lease and Sale

Explore 11 listings of Spruce Grove commercial real estate to find the best space for your business.

Spruce Grove Centre

96 Campsite Road, Highway 16A Commercial, Spruce Grove, AB
Property

Retail

63,868 SF
Availability

1 Space

1,598 SF
For Lease Contact for pricing
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140 St Matthews Ave

140 Saint Matthews Avenue, Highway 16A Commercial, Spruce Grove, AB
Property

Other

837 SF
Availability

1 Space

4,155 SF
For Lease Contact for pricing
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Markets at Easton

NW Corner of Highway 16A & Pioneer Road , Lakewood, Spruce Grove, AB
Property

Other

4,189.9 SF
Availability

10 Spaces

159,900 SF
For Lease Contact for pricing
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250 Diamond Avenue

250 Diamond Avenue , Shep Industrial, Spruce Grove, AB
Property

Other

24,784 SF
Availability

3 Spaces

24,784 SF
For Lease

$0.80 - $11.00/SF/MO
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Westgrove Professional Building

131 First Avenue, City Centre, Spruce Grove, AB
Property

Office

28,615 SF
Availability

5 Spaces

14,472 SF
For Lease

$18.00/SF/YR
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75 Shep Street

75 Shep Street, Shep Industrial, Spruce Grove, AB
Property

Industrial

10,000 SF
Availability

1 Space

2,400 SF
For Lease

$10.50/SF/YR
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Silverman Land - 20.96 acres

S Hwy 16A on West Side Pioneer Rd, Enoch Cree Nation, Parkland County, AB
Property

VacantLand

20.96 Acre
For Sale

$1,900,000
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18 Heatherglen Crescent

18 Heatherglen Crescent, Heatherglen, Spruce Grove, AB
Property

Industrial

13,300 SF
For Sale

$4,100,000
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322 McLeod Avenue
The Raspberry Patch
322 McLeod Avenue #201, Spruce Grove, AB
Services

Open Workspace

Event Space
Amenities

Complimentary coffee & tea

Kitchen

TV/Monitor
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Queen Street Place

505 Queen Street, City Centre, Spruce Grove, AB
Property

Office

70,000 SF
Availability

4 Spaces

11,476 SF
Year Built

2007
For Lease Contact for pricing
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49 Diamond Ave

49 Diamond Ave , Madison Industrial, Spruce Grove, AB
Property

Other

7,500 SF
Availability Contact for availability

For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Spruce Grove commercial real estate market incorporates 98,615 square feet of office space across 2 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Spruce Grove commercial real estate market includes 63,868 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Spruce Grove market, there is a total of 23,300 square feet of industrial property.
The listing inventory in Spruce Grove incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Spruce Grove is represented by Office space, which accounts for 25,948 square feet of available listings. Industrial space available in Spruce Grove adds up to 2,400 square feet.

Meanwhile, most of the listings of commercial property for sale in Spruce Grove are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Spruce Grove, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Spruce Grove is in the City Centre neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the City Centre area.

Meanwhile, retail space opportunities are most abundant in the Highway 16A Commercial submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Shep Industrial.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot.
The average size of a commercial property in Spruce Grove depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Spruce Grove, the average size of an office property is 49,308 square feet.
- Retail properties here incorporate an average of 63,868 square feet.
- Industrial space in Spruce Grove is in buildings that are, on average 11,650 square feet in size.

Spruce Grove, AB Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Spruce Grove currently add up to 29,946 square feet. The market offers 2 active office listing(s), which amount to 25,948 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 1,598 square feet across 1 retail space(s). Industrial space for rent opportunities in Spruce Grove amount to 2,400 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	2	25,948
Retail	1	1,598
Industrial	1	2,400

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Spruce Grove, AB. Currently, there is 13,321 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	13,300
Other	1	21

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Spruce Grove, AB Commercial Real Estate for Lease and Sale

Spruce Grove Centre

140 St Matthews Ave

Markets at Easton

250 Diamond Avenue

Westgrove Professional Building

75 Shep Street

Silverman Land - 20.96 acres

18 Heatherglen Crescent

322 McLeod Avenue

Queen Street Place

49 Diamond Ave

Frequently Asked Questions

Spruce Grove, AB Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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