118 Grv St Caledonia, MN 55921
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.