Mixed-Use Building with
New
For Sale
$575,000
111 Grove St E, Caledonia, MN 55921
Three rentable units include an operating salon and an additional finished space.
Property Size7,389 SF
Price / SF$77.82
Days on Market4
Property Features for 111 Grove St E
General Information
Standard status
Active
Size
7,389 SF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Mixed-Use Components
retail, residential
Amenities
laundry area
relaxation space
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Premier Realty MN
Listed By:
Kelly Meyer · License #40056844
(507) 450-9395
Source:
Nikolicgroup
Added: Oct 22
Changed: Oct 25
Last Checked: Aug 25 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty MN
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Investment Insights
Based on property information with market context.
This mixed-use building dates to 1910 and has undergone a renovation in recent years. Its three rentable units include a full-service salon on the main floor, which is expected to continue operating under a lease required as a condition of purchase. The property also has a finished space, a laundry area, and a relaxation area.
The building is in downtown Caledonia at 111 Grove Street E. Parking serves tenants and customers. The finished area may suit several commercial uses, while the upstairs units offer flexibility for long-term or short-term rental arrangements.
The building is in downtown Caledonia at 111 Grove Street E. Parking serves tenants and customers. The finished area may suit several commercial uses, while the upstairs units offer flexibility for long-term or short-term rental arrangements.
Key Highlights
- Three rentable units in a mixed‑use building
- Operating main‑floor salon; lease is a purchase requirement
- Additional finished space, laundry area, and relaxation area
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Home Improvements & Furnishings 26%
Dining 24%
Sinclair
Shops & Services
2,275 visits/mo
0.4 miles
Caledonia True Value
Home Improvements & Furnishings
1,934 visits/mo
0.5 miles
SUBWAY
Dining
1,761 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
1,000 visits/mo
0.1 miles
Carquest Auto Parts
Shops & Services
493 visits/mo
0.1 miles
Demographics for 55921, MN
4,808
Population
2,278
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
175.2 sq mi
ZIP Area
27
Density / Sq Mi
$76,679
Median Household Income
$49,276
Median Earnings
$825
Median Rent
$189,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three rentable units include an operating salon and an additional finished space.
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 $575,000.
What are key features of this property?
This property features: Three rentable units in a mixed‑use building; Operating main‑floor salon; lease is a purchase requirement; Additional finished space, laundry area, and relaxation area
