221 W Grove ST Caledonia, MN 55921

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.