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    118 W Grove St Caledonia, MN 55921

    For Sale
    $149,900

    Commercial - Caledonia, MN

    Lot size:
    0.17 Acres
    Days on Market:
    71
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 118 W Grove St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    R210015000
    Parking features
    None
    Exterior features
    Other
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1970
    Architectural style
    Other

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

    Listing agent Kelly Meyer (507) 424-4422

    Listing date Oct 2, 2025

    MLS# 6075641 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

    Established Laundromat Business Opportunity

    This is an established laundromat business located in downtown Caledonia, Minnesota, presenting a business opportunity for self-employment or portfolio expansion. The property has undergone several updates, including the roof, concrete, and mechanical systems. Situated on a large 0.17-acre lot, the property is zoned for business and commercial use. Equipment is negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -91.49766802
    Latitude
    43.63387398

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    FAQs

    What type of property is this?
    Retail space - Successful laundromat business with updates in downtown Caledonia, Minnesota.
    Where is this retail space located?
    The property is located at 118 W Grove St Caledonia, MN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Successful, long-running laundromat business.; - Recent updates to roof, concrete, and mechanicals.; - Convenient downtown location on a large lot.
    (507) 424-4422
    Request Owner's contact information
    118 W Grove St 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
    118 W Grove St Caledonia, MN 55921
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