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3851 HWY 588, SUOMI, Ontario, P0T2X0

MLS: TB2600810 | Other

$399,900

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Property Description

Business with Property for Sale - Rare opportunity to own a mixed-use commercial property with multiple income streams on over 20 acres in the Whitefish Lake / Suomi area. Property features a well-established general store with attached 3-bedroom owners residence, offering convenient live/work potential. Also included is a newly constructed approximately 400 sq. ft. take-out restaurant building, fully equipped for pizza, burgers, and ice cream service, providing additional turnkey revenue opportunity. Additional improvements include a 60 ft. x 30 ft. garage/workshop, ideal for storage, service, or business expansion. The expansive 20+ acre parcel offers significant future development potential, including possibilities for trailer park development, storage units, or other commercial/residential uses. High visibility location serving the surrounding rural and recreational community. Ideal for owner-operators, investors, or entrepreneurs seeking diversified income and growth potential.Property Highlights: General store business with attached 3-bedroom residence - Separate 400 sq. ft. take-out restaurant (new build, fully equipped) - 60 x 30 garage/workshop - 20+ acres of land - Multiple income streams - Development potential

Directions: HWY 588 TO WHITEFISH LAKE / SUOMI

Quick Facts

  • Property Type: Other
  • Bedrooms: 0
  • Bathrooms: 0
  • Living Area: 3,500 sq ft (325.2 m²)
  • Lot Size: 21.0000 acres (8.5 ha)

Costs

  • Annual Taxes: $1,200.00

Listing Provided by: ROYAL LEPAGE LANNON REALTY
Board: Thunder Bay Real Estate Board
Data provided via CREA DDF®.

Detailed Features

Lot & Land

  • Lot Size: 21.0000 acres (8.5 ha)

Community & Neighbourhood

  • Neighbourhood: SUOMI

Listing Information

MLS® NumberTB2600810
BoardThunder Bay
Originating SystemThunder Bay Real Estate Board
BrokerageROYAL LEPAGE LANNON REALTY
Date ListedApril 27, 2026
Last UpdatedApril 27, 2026

Listing History

MLS listing activity for 3851 HWY 588, SUOMI, Ontario, P0T2X0 — dates reflect when changes were recorded in the DDF

DateDays on MarketPriceEventListing ID
4/27/20260$399,900Listed (For Sale)TB2600810

Location & Neighborhood

📍3851 HWY 588, SUOMI, Ontario, P0T2X0

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Cathy Dou
Cathy Dou
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[email protected]647-691-6364
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3851 HWY 588, SUOMI, Ontario, P0T2X0

ASAP
 
FRI
15
May
SAT
16
May
SUN
17
May
MON
18
May
TUE
19
May
WED
20
May
THU
21
May
MorningAfternoonEvening
Cathy Dou
Cathy Dou
Broker of Record
[email protected]647-691-6364
Ask a Question