111 E Grove St Caledonia, MN 55921
Estimated payment $3,725/month
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000 | New Conventional | |
| Closed | $37,500 | New Conventional | |
| Closed | $37,500 | New Conventional | |
| Previous Owner | $80,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Metro MLS
MLS Number: 1935373
APN: R-21.0025.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.
Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.
- 118 W Grove St
- 108 W Grove St
- 307 E Main St
- 124 E South St
- 116 N Badger St
- 323 N Badger St
- 106 N Mcphail Ave
- 713 E Grove St
- 322 E Jefferson St
- 107 E Sunnyside Dr
- 707 N Hokah St
- 819 E Washington St
- 720 S Badger St
- 824 E Washington St
- 418 E Monroe St
- 813 N Sprague St
- 813 N Sprague St Unit 2
- 126 Bissen St
- 1004 Loeffler Ave
- 1019 Courtney Dr
- 271 Main St NW Unit 202
- 916 Cedar Dr Unit 103
- 2015 Miller St
- 1935 Miller St
- 2934 S Marion Rd
- 4404 Markle Rd Unit 1
- 3850 Sunnyside Dr W
- 3850 Sunnyside Dr W
- 3850 Sunnyside Dr W
- 3333 East Ave S
- 2130 South Ave
- 3950 Sunnyside Dr W Unit 210
- 403 Jackson St
- 1027 Green Bay St
- 1035 Green Bay St Unit 3
- 4531 Mormon Coulee Rd Unit 201
- 924 7th St S Unit 924
- 4445 Mormon Coulee Rd
- 415 Market St
- 913 7th St S Unit 1