111 Grove Street E, Caledonia, MN 55921 (MLS# 7079298)

Overview

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, S ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3695
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: Irregular
Assessment Pending: Yes
Garage Stalls: 0

Property Features

Accessible: Fully Wheelchair Air Conditioning: Central Air Amenities Unit: City View; Washer/Dryer Hookup Assumable Loan: Not Assumable Basement: Full CMU Style: Apartments and Retail; Attached Building; Business Opportunity; Mixed Use; Other Construction Status: Previously Owned Current Use: Beauty/Barber Shop Exterior: Brick/Stone Foundation: Stone Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 575000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 111
Street Name: Grove
Street Suffix: Street
Street Direction Suffix: E
Postal City: Caledonia
County: Houston
State: MN
Zip Code: 55921
Complex/Dev/Subdivision: Formerly Village

Assessments

Assessment Balance: 374.49
Tax With Assessments: 3486

Building Information

Building Finished SqFt: 7389

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 06
Section#: 13
Township#: 102

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: 5

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-13 TWP-102 RANGE-006 CALEDONIA ORIGINAL PLAT LOT-004 BLOCK-002 DOC 233711; UND 1/2 INT FOR LEE & ELSIE BABLER, UND 1/2 INT FOR TOMIKO HUBKA-STEELE; DOC 305359
Listing City: Caledonia
Map Page: 999
Municipality: Caledonia
School District: Caledonia
School District Phone: 507-725-3389
Property ID Number: R210025000
Tax Year: 2026
Tax Amount: 3111.51
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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!
Directions: Highway 44 to Caledonia, South on Kingston St, East on Grove St

Accessible

Fully Wheelchair: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

City View: Yes
Washer/Dryer Hookup: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Other: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Apartments and Retail: Yes
Attached Building: Yes
Business Opportunity: Yes
Mixed Use: Yes
Other: Yes

Current Use

Beauty/Barber Shop: Yes

Loan Terms

Cash: Yes
Conventional: Yes