Building Details

Year built 1970

Listing Agency: Keller Williams Premier Realty · Keller Williams Realty k***@kw.com Show Phone

Listed By: Kelly Meyer · License #40056844 Show Phone

Added: Aug 2, 2021 Changed: Oct 8 Last Checked: Oct 9 at 11:06PM

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MLS# 6075641

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This storefront property in downtown Caledonia is occupied by a long-running laundromat business. The building dates to 1970 and has forced-air heating. Reported improvements include updates to the roof, concrete, and mechanical systems; laundromat equipment may be negotiated separately.

The property is located at 118 W Grove Street on a 0.17-acre lot in Caledonia, Minnesota.

Key Highlights

• Operating laundromat business with equipment available for negotiation
• 0.17‑acre lot at 118 W Grove Street in downtown Caledonia
• 1970 construction with reported updates to the roof, concrete, and mechanical systems

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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - An established laundromat business occupies a 0.17-acre parcel in downtown Caledonia.

Where is this storefront property located?

The property is located at 118 W Grove Street 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: Operating laundromat business with equipment available for negotiation; 0.17‑acre lot at 118 W Grove Street in downtown Caledonia; 1970 construction with reported updates to the roof, concrete, and mechanical systems