208 Main StCaledonia, MN 55921

Property Details for 208 Main St

Year built

1878

Lot size

0.16 AC

Property size (Sq ft)

1,800 SF

Property type

Retail properties

Property subtype

Retail space

APN

21.0074.000

APU

210074000

Description

This exceptional commercial property, located at 208 Main St in Caledonia, Minnesota, 55921, presents a unique investment opportunity. The 7,200 square foot building is currently vacant and offers significant potential for a variety of uses. The main level, completely updated, boasts a fully equipped kitchen ideal for a restaurant or bar. High-end restaurant equipment is included, featuring pizza ovens, a cooktop, ovens, a fire suppression system, and a walk-in cooler. All fixtures and tables are also included, providing a turnkey operation for a new business. Beyond the main level's restaurant-ready space, the property includes three updated apartments, ready for immediate occupancy, generating additional income streams. This two-story building sits in the heart of Caledonia's downtown area, offering high visibility and accessibility. The property is zoned for commercial use and is available for immediate possession. The substantial square footage and versatile layout provide ample space for a variety of business ventures. This is a rare opportunity to acquire a fully equipped, move-in ready commercial property in a thriving Minnesota community. The asking price is $724,999. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $435,561

  6.5%

  $402,056

  7%

  $373,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $231,517

  Geo Method

  $231,517

• Alternative Use

  Use

  Valuation

  Residential

  $339,149

  Hospitality

  $310,659

  Educational

  $258,465

  Medical

  $267,354

  Retail

  $402,056

Location Insight

City

Caledonia

County

Houston

State

Minnesota

Latitude

43.6344

Longitude

-91.4956

CBSA code

29100

CBSA name

LA CROSSE, WI-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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