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For Sale:  Caledonia MLS# 6635761

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Active
$299,000
/mo Edit
Commercial:  Apartments/Retail
Built 1870
Caledonia schools
MLS# 6635761
763-576-8286
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    Property Description

    This historic building offers a unique investment opportunity Consisting of 4 commercial spaces and 10 apartments. Situated in a highly visible location at a busy stoplight, making it an ideal spot for businesses seeking maximum visibility and foot traffic. With large windows throughout, the building is flooded with natural light, adding character and charm to both the commercial and residential units. While the property does require some renovation, its solid structure and prime location offer tremendous upside. Whether you are an investor looking to revitalize this building, or a developer seeking a mixed-use project, this property provides endless possibilities.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $299,000
    Property Type: Commercial
    City: Caledonia
    Garage Spaces: 0
    County: Houston
    Year Built: 1870
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55921
    Subdivision Name: Caledonia

    Interior

    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 8
    Air Conditioning: None
    Foundation Size: 6,160 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Parking Lot
    • Paved
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Brick/Stone

    Lot & Land

    Geolocation: 43.634332, -91.497213
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: 90 x 99 x 72 x 43 x 78 x 21 x 60
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 299
    District Phone: 507-725-3389

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,105
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $4,206

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 14

    Miscellaneous

    Current Use: Vacant
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Keller Williams Premier Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.