1005 17 Avenue Southwest, Calgary, AB

Exceptional opportunity to lease a fully built-out hospitality venue with one of the most compelling patio offerings in the city, located along 17th Avenue SW. This high-exposure location sits in the core of Calgary’s premier dining and nightlife district, surrounded by top-performing restaurants, lounges, and national brands. Lounge XV11 features approximately 3,400 sq ft of interior space complemented by an expansive ~3,200 sq ft patio. This rare indoor-outdoor ratio creates a highly flexible operating model, ideal for concepts that thrive on seasonal volume, social energy, and experiential programming. The interior space is fully built out with a turnkey bar and lounge configuration, including a central bar, integrated lighting, and premium finishes. The layout supports both seated and standing formats, allowing operators to transition seamlessly from early evening dining to high-volume nightlife service. The indoor footprint is efficient and well-designed, functioning as a strong core operation that is significantly amplified by the patio during peak seasons. The patio is the defining feature of this asset. At approximately 3,200 sq ft, it provides substantial capacity for revenue generation, brand visibility, and guest experience. The size and positioning make it ideal for a beer garden-style concept, cocktail patio, or hybrid model that encourages high turnover and social engagement. This scale of outdoor space is extremely limited along 17th Avenue and offers a competitive advantage that is difficult to replicate. The space includes commercial kitchen infrastructure, enabling immediate food service operations. This allows for a wide range of concepts—from full-service dining to curated, high-margin food programs or partnerships with established culinary operators. The existing setup reduces both capital costs and time to market. This venue is uniquely suited for operators looking to create a destination environment. The layout supports DJ programming, live entertainment, branded activations, and seasonal events. The combination of indoor ambiance and outdoor capacity allows for dynamic programming throughout the year, including peak summer activations and controlled indoor experiences during colder months. Ideal uses include: High-energy restaurant and patio concepts Cocktail bars with strong outdoor programming Beer garden or social lounge formats Hospitality groups expanding into Calgary’s core market Experiential or brand-driven concepts seeking visibility and scale The surrounding area delivers strong, consistent traffic from a mix of local residents, professionals, and visitors. 17th Avenue SW is widely recognized as one of Calgary’s most desirable hospitality corridors, offering both daytime activity and a vibrant nighttime economy. Zoning and prior use support hospitality operations, and the space has a history as a licensed venue. Tenants are advised to confirm licensing requirements, but the existing infrastructure provides a strong foundation for a streamlined reopening. Opportunities combining a turnkey interior, a patio of this scale, and a prime 17th Avenue address are extremely rare. This offering is ideal for experienced operators seeking to establish or expand a flagship location in Calgary. Serious inquiries only. Tours and additional details available upon request.