118 Grove StCaledonia, MN 55921

For Sale
$149,900

Profitable laundromat, updated, downtown Caledonia.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional business opportunity presents a thriving, established laundromat in the heart of Caledonia, Minnesota. Located at 118 W Grove St, this single-story, 1,500 square foot building sits on a sizable 0.17-acre lot, offering ample space and convenient downtown accessibility. Built in 1970, the property has undergone significant recent updates, including a new roof, fresh concrete, and upgraded mechanical systems, ensuring efficient and cost-effective operation. The laundromat operates under a commercial zoning permit, providing flexibility for future expansion or adaptation. The asking price of $149,900 includes the building and land; equipment is available for separate negotiation. This presents a fantastic chance for an individual seeking self-employment or an investor looking to add a proven, profitable business to their portfolio. The property's strong location and recent renovations ensure a smooth transition for a new owner, minimizing initial investment and maximizing return. The price per square foot is $99.93. This turnkey operation is ready for immediate success.

Highlights

  • $149,900 asking price for this established laundromat business.
  • 1,500 square foot building on a 0.17-acre lot in Caledonia, MN.
  • Located downtown with convenient access.
  • Recently updated roof, concrete, and mechanical systems.
  • Building and land only; equipment negotiable.

Property Details for 118 Grove St

Property type
Other retail properties, Individual retail properties
Square Feet
1,500 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Caledonia
County
Houston
State
Minnesota
Latitude
43.6337885
Longitude
-91.4977582
118 Grove St, Caledonia, Minnesota

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118 Grove St
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