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Property profile & analytics
OFF-MARKET
Individual retail properties

118 Grv St Caledonia, MN 55921

1,500 SF 0.17 ac lot Built 1970
Individually Owned 8-yr Hold Free & Clear
Property ID
US46-2804798
Property summary
AI-generated overview

This thriving laundromat presents a fantastic investment opportunity in Caledonia, MN. Located in the heart of downtown on a sizable 0.17-acre lot, this 1,500 square foot commercial property boasts a long and successful history. The building has undergone significant recent updates, including a new roof, fresh concrete work, and upgraded mechanical systems, ensuring efficiency and low maintenance costs for years to come. The laundromat's prime downtown location ensures high visibility and convenient access for customers. This turnkey operation is ideal for an entrepreneur seeking a self-employment venture or an investor looking to expand their portfolio with a proven, profitable business. The substantial recent improvements minimize immediate capital expenditures, allowing for a quicker return on investment. The large lot offers potential for future expansion or additional development, adding further value to this already attractive property. Financial records are available upon request for qualified buyers. This is a rare opportunity to acquire a well-established, updated business in a desirable location. Don't miss out on this chance to own a piece of Caledonia's commercial landscape. The asking price is $149,900.

Property profile
Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Year built 1970
Total area 1,500 SF
Lot 0.17 ac (7,405 SF)
APN 21.0015.000
UPID US46-2804798
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Henry Becker · 8 yrs held
Henry Becker
since 2017
2 recorded transactions
2017
$60,000
2007
$60,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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