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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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111 Grove Street E, Caledonia, MN 55921
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Formerly Village
SCHOOL: Caledonia
Property Description
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!
Property Features
Property Type: Commercial - Business Basement: Yes Cooling: Central Air Fuel Type: Natural Gas Heating: Forced Air Lot Size: 0.16 Acres Stories: 2.0 Taxes: $3,111 Year Built: 1910
Feature Descriptions
Basement: Full
Current Use: Beauty/Barber Shop
Days on Site: 8
Foundation Size: 3695
Handicap Accessible: Fully Wheelchair
Lot Dimensions: Irregular
Parcel#: R210025000
Parking: Concrete
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sale Includes: Building, Land
Sewer: City Sewer/Connected
Shared Rooms: Other
Units: 5
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected
Local Schools
School District: Caledonia
Listed By / Shown By
Agency Name: Keller Williams Premier Realty
Agency Phone: 507-424-4422
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111 Grove Street E | MLS# 7079298
This commercial property located at 111 Grove Street E, Caledonia, MN 55921 is currently listed for sale with an asking price of $575,000. Grove Street E is located within the Caledonia school district. Search Caledonia real estate on nanderson.counselorrealty.com today.