118 Grove StCaledonia, MN 55921

For Sale
$149,900

Established Laundromat, High ROI Potential.

Overview

Added:
Feb 3
Days on market:
39
This thriving laundromat presents a fantastic investment opportunity in Caledonia, MN. Located in the heart of downtown on a sizable 0.17-acre lot, this 1,500 square foot commercial property boasts a long and successful history. The building has undergone significant recent updates, including a new roof, fresh concrete work, and upgraded mechanical systems, ensuring efficiency and low maintenance costs for years to come. The laundromat's prime downtown location ensures high visibility and convenient access for customers. This turnkey operation is ideal for an entrepreneur seeking a self-employment venture or an investor looking to expand their portfolio with a proven, profitable business. The substantial recent improvements minimize immediate capital expenditures, allowing for a quicker return on investment. The large lot offers potential for future expansion or additional development, adding further value to this already attractive property. Financial records are available upon request for qualified buyers. This is a rare opportunity to acquire a well-established, updated business in a desirable location. Don't miss out on this chance to own a piece of Caledonia's commercial landscape. The asking price is $149,900.

Property Details for 118 Grove St

Property type
Other commercial real estate
Square Feet
1,500 SF
Year Built
1970
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Caledonia
County
HOUSTON
State
Minnesota
Latitude
43.63379
Longitude
-91.49773
118 Grove St, Caledonia, Minnesota

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118 Grove St
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