$130,000
$100,000
30.0%For more information regarding the value of a property, please contact us for a free consultation.
221 W Grove ST Caledonia, MN 55921
7,405 Sqft Lot
Key Details
Sold Price $130,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision City/Caledonia
MLS Listing ID 6656676
Sold Date 02/28/25
Year Built 1960
Annual Tax Amount $2,018
Tax Year 2024
Contingent None
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60x120
Property Description
Located in downtown Caledonia, this building has been family owned for over forty years and has leased to the same long-established wholesale auto parts business for over fifty years. With a new lease locked in for the next five years with rents escalating on an annual basis, and an option to extend the lease into 2035, this is a great investment opportunity and tax shelter. Tenant is responsible for payment of all utilities, interior maintenance, snow removal, and reimbursement of property taxes to the property owner. Memorable improvements include new roof over garage in 2021 and main metal roof in 2015, and resealed front window in 2024.
Location
State MN
County Houston
Zoning Business/Commercial
Rooms
Basement None
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Gravel, Parking Lot
Utilities Available Electric Separate, Heating Separate
Roof Type Metal
Present Use Commercial,Wholesale
Building
Lot Description Corner Lot
Story One
Foundation 3290
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block
Schools
School District Caledonia
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