200 Main StPine Island, MN 55963

Property Details for 200 Main St

Year built

1950

Property size (Sq ft)

2,921 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

68.260.0310

APU

682600310

Description

This mixed-use property in Pine Island, Minnesota, presents a unique investment opportunity. Located at 200 S Main St, 55963, this two-story building offers a fully operational restaurant on the ground floor, complete with a kitchen and dining areas ready for immediate use. The business boasts established clientele, providing a strong foundation for continued success. Adding to the income potential is a two-bedroom apartment situated on the second floor, generating additional rental revenue. The property is conveniently located just a 15-minute drive from Rochester, Minnesota, home to the Mayo Clinic, offering access to a large and diverse population base. The asking price for this turnkey operation is $295,000. This represents a compelling opportunity to acquire a profitable business with significant upside potential, combining the benefits of a thriving restaurant with the added income stream of a rental apartment. The property consists of one building with a total of two stories. This is an exceptional chance to own a well-established business in a desirable location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $706,818

  6.5%

  $652,448

  7%

  $605,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,701

  Geo Method

  $375,701

• Alternative Use

  Use

  Valuation

  Residential

  $550,364

  Hospitality

  $504,130

  Educational

  $419,431

  Medical

  $433,856

  Retail

  $652,448

Location Insight

City

Pine Island

County

Goodhue

State

Minnesota

Latitude

44.2013

Longitude

-92.6467

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.