Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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