Property profile

200 Main St Pine Island, MN 55963

OFF-MARKET
Turn key restaurants
Property ID
US46-3212693
2,921 SF Built 1950
Entity Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Church
  • Restaurant

Location

200 Main St Pine Island, MN 55963-2804
Pine Island metro Census 80800 RED WING, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2018
$89,000
2007
$130,000
2006
$102,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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