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For saleMLS® X12870358

321 Main Street E, Grimsby, ON L3M 1R1

Grimsby East · L3M 1R1

$7,499,000

$262 / sq ft

7 months on market

Total area
28,646 sf
Lot
196.21 × 0 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

Prime freestanding commercial building totaling 28,646 SF on 2.45 acres with gated outdoor storage. Originally built in 2005 for TSC Stores (Peavey Mart), the property features a highly functional open retail/warehouse layout with 1 Truck Level and 1 Drive-In door allowing full circulation for 53 ft trailers. The site offers 225 ft of frontage along Main Street East (Hwy 81), a major commercial corridor with excellent visibility and quick access to the QEW (1.4 km). Zoned CS Service Commercial permitting a wide range of uses including retail, automotive, building supply, hotel, and outdoor sales or storage. Excellent opportunity for owner users or investors.

Property details

Property

Property type
retail
Interior size
28,646 sq ft
Zoning
CS - Service Commercial Zone
Possession
TBD

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$7,499,000
Property taxes
$124,445 / year (2025)
Price per sq ft
$262

Listing

MLS® number
X12870358
Status
For sale
Listed
March 11, 2026
Days on market
239
Last updated
September 23, 2026
Listing brokerage
LENNARD COMMERCIAL REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

Mortgage estimate

Down payment20.0% · minimum $1,499,800
$1,499,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$33,170.61
Property tax (est.)
$10,370.43
Estimated monthly
$43,541

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$173,950
Total due on closing
$173,950

An estimate on the asking price of $7,499,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of LENNARD COMMERCIAL REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$7,499,000

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