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Key Details
Sold Price $130,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,405 sqft
Price per Sqft $17
Subdivision City/Caledonia
MLS Listing ID 6656676
Sold Date 02/28/25
Year Built 1960
Annual Tax Amount $2,018
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
Community City/Caledonia
Direction From Main Street. go south on S Ramsey, take left on W Grove, store immediately on south corner.
Interior
Heating Forced Air
Cooling Wall
Window Features Bay Window(s)
Exterior
Parking Features Parking Lot, Gravel Lot
Utilities Available Electric Separate, Heating Separate
Roof Type Metal
Accessibility None
Building
Lot Description Corner Lot
Water City Water/Connected
Structure Type Block
Others
Senior Community No
Tax ID R210138000
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