28 Rankin Street, Innisfail, QLD 4860 sold on 08 April 2026 | OnTheHouse
SOLD
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Sold on 08 Apr 2026 - Price Unavailable

28 Rankin Street
Innisfail QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 548m2
Land area: 167m2
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Property Details for 28 Rankin St, Innisfail

Building Type
Commercial
Floor Size
548m2
Land Size
167m2

Last Listing description (April 2026)

THE DEAL
Right in the heart of Innisfail's CBD sits a four-level commercial building that finally ticks every investor's box: multiple tenancies, full occupancy, modern upgrades, and rock-solid returns.

Refurbished extensively in 2011, this asset has had all the big-ticket work done-lift installation, upgraded air-conditioning, electrical and plumbing upgrades, roofing, ceilings, disabled amenities and kitchenette facilities. It's turnkey, compliant, and built to last.

And here's the headline:
- All four levels now leased
- Gross rent: $89,215 + GST per annum

This is genuine passive income from day one, with locked-in tenants and a footprint in one of Far North Queensland's busiest regional CBDs.

This is the kind of commercial property you buy and hold-clean income, no headaches, no guesswork.

THE PROPERTY
- Four-level commercial building in a high-visibility CBD position
- Fully leased across all floors
- Modern amenities including disabled toilets & kitchenettes
- Front and rear access for convenience, signage and foot traffic
- Strong structure, solid presentation, long-term durability

The property was substantially refurbished in 2011 which included: New air-conditioning systems, lift installation, electrical & plumbing upgrades & new roof & ceilings.

THE INVESTMENT
A premium set-and-forget asset with dependable income and upside in one of FNQ's most resilient regional markets.

- Current Gross Rent: $89,215 + GST per annum
- Multiple established tenants
- Diversified income across levels-reduces risk, improves stability
- High-exposure building with CBD positioning
- Long-term growth potential in a tightening commercial market

If you're chasing yield, security, and zero vacancy stress… this is the one.

THE LOCATION
Situated smack-bang in Innisfail's CBD, this building benefits from:
- Consistent foot traffic and vehicle exposure
- Close proximity to government offices, banks, cafés & key services
- Surrounded by established commercial operators
- Dual street access for increased visibility and ease of entry

A prime location in one of the Cassowary Coast's busiest commercial precincts.

MAKE THE MOVE
A fully leased, multi-tenanted commercial building in a blue-chip CBD location doesn't hit the market often-and when it does, smart operators move quickly.

If you're expanding your portfolio, chasing dependable income, or looking for a secure long-term commercial hold, this is a premium opportunity.

Call Now before another investor snaps this up-because good deals get taken, not talked about.

Property History for 28 Rankin St, Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Sold
08 Apr 2026
Listed for Rent
$20k/w
16 Oct 2023
  • 08 Apr 2026
    Sold
  • 11 Nov 2025
    Listed for Sale $900,000
  • 13 Dec 2024
    Listed for Sale Inviting Expressions of Interest
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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2016 was 1145 people. By 2021 the population was 1091 showing a population decline of 4.7% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation.In 2021, 30.90% of the homes in Innisfail were owner-occupied compared with 32.00% in 2016.

Innisfail has 867 properties. Over the last 5 years, Houses in Innisfail have seen a 122.20% increase in median value, while Units have seen a 116.50% increase. As at 30 April 2026:

  • The median value for Houses in Innisfail is $397,325 while the median value for Units is $395,422.
  • Houses have a median rent of $360 while Units have a median rent of $360.
There are currently 18 properties listed for sale, and 11 properties listed for rent in Innisfail on OnTheHouse. According to Cotality's data, 27 properties were sold in the past 12 months in Innisfail.

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Chris Barra
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One Hive Property Group
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.