111 E Grove St - Retail FOR SALE


Caledonia, MN 55921
$575,000 USD
507-450-9395
111 E Grove St, Caledonia, MN for Sale
$575,000 USD
Retail - FOR SALE
1/49
null | Request Cap Rate

111 E Grove St
Caledonia, MN 55921


OVERVIEW

Please contact listing agent directly. Salon still operating and apartments from time to time so need 24-48 hours notice and need to be flexible. Buyer and/or buyer agent to verify sf. Salon equipment not included. Property comes with lease for salon. Turnkey Commercial Property in the Heart of Downtown – Endless Income Potential! Don’t miss this incredible opportunity to own a fully renovated, mixed-use commercial building located in the vibrant heart of downtown. This beautifully updated property features three rentable units, complete with a laundry area and a relaxation space—perfect for long-term tenants or short-term rental potential like Airbnb. The main floor is home to a thriving full-service salon, which will remain in operation as part of the sale. The salon’s lease is a requirement for purchase and an immediate source of steady rental income. An additional fully finished space offers flexibility for a wide range of uses—envision it as an event venue, boutique retail shop, office, or creative studio. The entire building was tastefully renovated just a few years ago, blending modern updates with the charm of a downtown historic property. Other highlights include: Great parking for tenants and customers, Situated in a high-visibility, high-traffic area, Zoned for commercial and residential use, Upstairs units with strong Airbnb potential or long-term rental flexibility. Whether you're an investor seeking multiple income streams or an entrepreneur looking for a live-work opportunity, this property checks all the boxes. Schedule a tour today and explore all the possibilities this unique building has to offer!

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Commercial

APN/PARCEL ID

R-21.0025.000

ASK ABOUT THIS PROPERTY

Kelly MeyerKeller Williams RochesterMore Info
507-450-9395

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Kelly MeyerKeller Williams RochesterMore Info
507-450-9395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.