111 Grove Street E, Caledonia, MN 55921 (MLS# 7079298)

111 Grove Street E, Caledonia, MN 55921

$575,000
Property Type: Commercial Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $575,000 List Date: 5/26/2026 Last Modified: 6/26/2026

Overview

Description

Turnkey Commercial Property in the Heart of Downtown – Endless Income Potential! Don’t miss this incredible opportunity to own a fully renovated, mixed-use commercial building located in the vibrant heart of downtown. This beautifully updated property features three rentable units, complete with a laundry area and a relaxation space—perfect for long-term tenants or short-term rental potential like Airbnb. The main floor is home to a thriving full-service salon, which will remain in operation as part of the sale. The salon’s lease is a requirement for purchase and an immediate source of steady rental income. An additional fully finished space offers flexibility for a wide range of uses—envision it as an event venue, boutique retail shop, office, or creative studio. The entire building was tastefully renovated just a few years ago, blending modern updates with the charm of a downtown historic property. Other highlights include: Great parking for tenants and customers, S ...

Listing Details MLS# 7079298

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Waterfront YN
No
Year Built
1910
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3695
For Sale or Lease
For Sale
Acres
0.16
Lot Dimensions
Irregular
Assessment Pending
Yes

Property Features

Accessible: Fully Wheelchair Air Conditioning: Central Air Amenities Unit: City View; Washer/Dryer Hookup Assumable Loan: Not Assumable Basement: Full CMU Style: Apartments and Retail; Attached Building; Business Opportunity; Mixed Use; Other Construction Status: Previously Owned Current Use: Beauty/Barber Shop Exterior: Brick/Stone Foundation: Stone Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
575000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
111
Street Name
Grove
Street Suffix
Street
Street Direction Suffix
E
Postal City
Caledonia
County
Houston
State
MN
Zip Code
55921
Complex/Dev/Subdivision
Formerly Village

Assessments

Assessment Balance
374.49
Tax With Assessments
3486

Building Information

Building Finished SqFt
7389

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
06
Section#
13
Township#
102

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
5
IDX
Listing Office: Keller Williams Premier Realty
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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