Building Details

Building Size 1,500 SF

Year Built 1970

Listing Agency: Keller Williams Premier Realty MN j***@kw.com Show Phone

Listed By: Kelly Meyer · License #40056844 Show Phone

Source: Birchwoodpropertiesllc

Added: Aug 2, 2021 Changed: Oct 22 Last Checked: Oct 22 at 8:29AM

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Investment Insights

Based on property information with market context.

Located at 118 W Grove Street in downtown Caledonia, this 1,500-square-foot storefront is configured as a laundromat. Built in 1970, the building has received updates to its roof, concrete, and mechanical systems. Equipment may be negotiated as part of a transaction.

Key Highlights

• 1,500‑square‑foot storefront configured as a laundromat
• Roof, concrete, and mechanical systems have been updated
• Built in 1970

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Bakery Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

382

Businesses Nearby

7k

Monthly Visits Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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Remodeled Mixed-Use Building

115 E Main St, Caledonia, MN 55921

$495,000

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Mixed-Use Building with Salon

111 Grove Street E, Caledonia, MN 55921

$575,000

0.16 Acres

View details

Established Restaurant & Bar For Sale

5349 County 249, Caledonia, MN 55921

$380,000

2,899 SF

View details

Office Building with Training Space

1004 N Loeffler Avenue, Caledonia, MN 55921

$1,800,000

4.00 Acres

View details

Frequently Asked Questions

What type of property is this?

Storefront property - The downtown property is set up for laundromat operations, with equipment available for separate negotiation.

Where is this storefront property located?

The property is located at 118 Grove St W 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: 1,500‑square‑foot storefront configured as a laundromat; Roof, concrete, and mechanical systems have been updated; Built in 1970