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    OFF-MARKET
    Turn key restaurants

    200 Main St, Pine Island, MN 55963-2804

    2,921 SF Built 1950
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US46-3212693
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Total area 2,921 SF
    APN 68.260.0310
    UPID US46-3212693
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pine Island United Methodist Church
    • Hunan Express Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Sgw Properties LLC · 7 yrs held
    Sgw Properties LLC
    since 2019
    4 recorded transactions
    2019
    2018
    $89,000
    2007
    $130,000
    2006
    $102,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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