7,389 sqft

$575,000

111 Grove STREET E E, Caledonia MN, 55921

Price per sqft$77.82

Built in1910

Property size7,389 sqft

Property typeCommercial

Courtesy of Keller Williams Premier Realty MN, Kelly Meyer

Overview

Active

Listed May 26, 2026

Updated Jun 27

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.

Other Property Details

Taxes: $3,486
Tax Frequency: Annually
55+/Senior Community: No

Courtesy of Keller Williams Premier Realty MN, Kelly Meyer

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated 5:39 AM UTC, 6/27/2026