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    111 Grove St E Caledonia, MN 55921

    For Sale
    $649,900

    Commercial - Caledonia, MN

    Lot size:
    0.16 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 111 Grove St E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    R210025000
    Parking features
    Driveway
    Exterior features
    Brick/Stone
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Architectural style
    Other

    Keller Williams Premier Realty Rochester (507) 424-4422 [email protected]

    Listing agent Kelly Meyer (507) 424-4422

    Listing date Sep 15, 2025

    MLS# 6789259 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Mixed-Use Commercial Building

    Located in the heart of downtown, this mixed-use commercial building features three rentable units. The property includes a laundry area and a relaxation space. The main floor houses a full-service salon, which will remain in operation as part of the sale, providing a steady rental income stream. An additional finished space offers flexibility for various uses, such as an event venue, boutique retail shop, office, or creative studio. The building was renovated a few years ago, blending modern updates with the charm of a historic downtown property. The property is zoned for commercial and residential use and offers great parking for tenants and customers. Situated in a high-visibility, high-traffic area, the upstairs units have potential for Airbnb or long-term rentals. The property is located in Caledonia, MN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tamiko's Salon Beauty Salon A Touch of Tranquility Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caledonia
    County
    Houston
    State
    Minnesota
    Longitude
    -91.496535
    Latitude
    43.633787

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with income potential in downtown Caledonia, MN.
    Where is this mixed-use property located?
    The property is located at 111 Grove St E Caledonia, MN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Turnkey commercial property with **three rentable units** in a high-visibility, high-traffic downtown location.; - Immediate and steady rental income from a thriving full-service salon with an existing lease.; - Fully renovated building blending modern updates with historic charm.
    (507) 424-4422
    Request Owner's contact information
    111 Grove St E Caledonia, MN 55921
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    Caledonia, MN 55921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Grove St E Caledonia, MN 55921
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