About This Home
This 0-bedroom, 0-bathroom single family at 111 Grove Street E in Caledonia, MN is listed for $575,000. Built in 1910, on a 0.16 acres lot.
Key Features
- Built in 1910
- 0.16 acre lot
Property Details
Amenities
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!
Monthly Cost Estimate
$3,075/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
111 Grove Street E
Caledonia, MN 55921
Formerly Village
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 111 Grove Street E is listed at $575,000. The estimated monthly payment is $3,076 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.16 acre lot. Exterior Features: Brick/Stone.
This property is listed by Kelly Meyer and can be reached at (507) 424-4422.
