111 E Grove St Caledonia, MN 55921
Estimated payment $3,450/month
Highlights
- Handicap Accessible
- Caledonia Elementary School Rated A-
- 1-minute walk to Pocket Park
About This Home
Turnkey commercial property in the heart of downtown with endless income potential! This fully renovated mixed-use building offers three rentable units with laundry and relaxation spaceideal for long-term tenants or Airbnb. The main floor hosts a thriving full-service salon with a lease that conveys, providing immediate rental income. An additional finished space offers flexible use as an event venue, boutique shop, office, or studio. Tastefully updated while preserving historic charm, the property boasts great parking, high visibility, and zoning for both commercial and residential use. Perfect for investors or a live-work setupschedule a tour today!
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,518
Parking
- 6 Parking Spaces
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,389 Sq Ft Home
- Basement Fills Entire Space Under The House
Additional Features
- Handicap Accessible
- 6,970 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 210025000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,518 | $164,800 | $22,500 | $142,300 |
| 2024 | $3,312 | $173,200 | $22,500 | $150,700 |
| 2023 | $1,476 | $159,200 | $17,900 | $141,300 |
| 2022 | $1,658 | $75,600 | $18,200 | $57,400 |
| 2021 | $1,748 | $75,600 | $18,200 | $57,400 |
| 2020 | $1,488 | $83,200 | $18,200 | $65,000 |
| 2019 | $1,452 | $70,400 | $16,800 | $53,600 |
| 2018 | $1,466 | $70,400 | $16,800 | $53,600 |
| 2017 | $1,466 | $70,400 | $16,800 | $53,600 |
| 2016 | $2,234 | $70,400 | $16,800 | $53,600 |
| 2015 | $2,178 | $70,400 | $16,800 | $53,600 |
| 2014 | $2,178 | $70,400 | $16,800 | $53,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | Price Changed | $595,000 | -8.4% | $81 / Sq Ft |
| 09/16/2025 09/16/25 | For Sale | $649,900 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | None Available | |
| Personal Reps Deed | $80,000 | None Available |
Source: Metro MLS
MLS Number: 1935373
APN: R-21.0025.000
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