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Redevelopment Opportunity Well-Maintained ±76,500 SF Perfect for Afforabable Housing or Medical
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Auction #
528 -
Interior Space:
± 76,500 SF -
Lot Size:
±2.85 acres -
Transaction Fee:
5% (Min $25,000) -
BrokerInquire Within
Co-op:
Redevelopment Opportunity Well-Maintained ±76,500 SF Perfect for Afforabable Housing or Medical
Medical/Residential/Specialty Property For Sale in Caledonia, MN
425 N. Badger Street, Caledonia, MN 55921FRE Auctions is pleased to present the Online Auction Plus Event (allows for contingencies) for the ±76,500 SF redevelopment opportunity with a starting bid of $6 PSF, a fraction of the replacement cost, in Root River Valley region.
Property Information:
Residential Redevelopment: Low income housing is in high demand and current layout allows for an easy conversion.
- Existing Apartment Layout: ±76,500 GSF features a ±52,600 SF ground floor and a ±23,876 SF basement dedicated to utilities and storage.
- 40 rooms include 50 beds arranged in private individual and semi-private suites with shared bathroom.
- 16 apartments with 18 beds, comprising of (1) and (2) bedroom floorplans.
Resources:
- EDA Revolving Loan Program: The City of Caledonia offers a revolving loan program through the Economic Development Authority (EDA) to assist with qualifying redevelopment projects.
- Caledonia Forward: Rural Entrepreneurial Venture (REV) program provides support and resources for community and housing redevelopment phases.
- Tax Abatement & TIF: Property tax refunds or Tax Increment Financing for qualified redevelopment projects.
- Caledonia City Assistance & Incentives
- Contact Planning Department: (507) 725-3450 | cityhall@caledoniamn.gov
- Medical Redevelopment: Suited for the full spectrum of healthcare, behavioral services, and medical housing including:
- Residential Care Facilities (RCFE)
- Adult Residential Facilities (ARF)
- Independent Living
- Senior Housing
Medical Medical Alley: Corridor from Rochester through the Twin Cities to Duluth is the #1 Health Tech Cluster in the world and a global epicenter for health innovation, particularly in medical devices. Recognized by the Smithsonian as a premier "Place of Invention," it is the birthplace of the wearable pacemaker and home to over 800+ healthcare companies, including Mayo Clinic, Medtronic, and UnitedHealth Group.
NOTE: Images were taken from Google maps and may not reflect the current view and/or property topography. Some photographs included in this listing may depict the property during its prior use as an Assisted Living Facility. These images are provided solely for historical context and to illustrate the property's potential layout and functionality during previous operations.
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Mark Myers Realty
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
How to Bid
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Caledonia, MN 55921
Conditions may be included with your bid
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Houston County
Caledonia, MN -
Property Type: Commercial Property
-
Interior Space: ± 76,500 SF
-
Lot Size: ±2.85 acres
-
Transaction Fee: 5% (Min $25,000)
-
Broker Co-op: Inquire Within
FRE Auctions is pleased to present the Online Auction Plus Event (allows for contingencies) for the ±76,500 SF redevelopment opportunity with a starting bid of $6 PSF, a fraction of the replacement cost, in Root River Valley region.
Property Information:
Residential Redevelopment: Low income housing is in high demand and current layout allows for an easy conversion.
- Existing Apartment Layout: ±76,500 GSF features a ±52,600 SF ground floor and a ±23,876 SF basement dedicated to utilities and storage.
- 40 rooms include 50 beds arranged in private individual and semi-private suites with shared bathroom.
- 16 apartments with 18 beds, comprising of (1) and (2) bedroom floorplans.
Resources:
- EDA Revolving Loan Program: The City of Caledonia offers a revolving loan program through the Economic Development Authority (EDA) to assist with qualifying redevelopment projects.
- Caledonia Forward: Rural Entrepreneurial Venture (REV) program provides support and resources for community and housing redevelopment phases.
- Tax Abatement & TIF: Property tax refunds or Tax Increment Financing for qualified redevelopment projects.
- Caledonia City Assistance & Incentives
- Contact Planning Department: (507) 725-3450 | cityhall@caledoniamn.gov
- Medical Redevelopment: Suited for the full spectrum of healthcare, behavioral services, and medical housing including:
- Residential Care Facilities (RCFE)
- Adult Residential Facilities (ARF)
- Independent Living
- Senior Housing
Medical Medical Alley: Corridor from Rochester through the Twin Cities to Duluth is the #1 Health Tech Cluster in the world and a global epicenter for health innovation, particularly in medical devices. Recognized by the Smithsonian as a premier "Place of Invention," it is the birthplace of the wearable pacemaker and home to over 800+ healthcare companies, including Mayo Clinic, Medtronic, and UnitedHealth Group.
NOTE: Images were taken from Google maps and may not reflect the current view and/or property topography. Some photographs included in this listing may depict the property during its prior use as an Assisted Living Facility. These images are provided solely for historical context and to illustrate the property's potential layout and functionality during previous operations.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Mark Myers Realty
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.