Property profile

208 Main St Caledonia, MN 55921

OFF-MARKET
Retail space
Property ID
US46-2733950
1,800 SF 0.16 ac lot Built 1878
Individually Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1878
Total area 1,800 SF
Lot 0.16 ac (6,970 SF)
APN 21.0074.000
UPID US46-2733950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

208 Main St Caledonia, MN 55921-1320
Caledonia metro Census 20500 LA CROSSE, WI-MN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2012
2 recorded transactions
2025
Price N/A
2012
$100,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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