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    Property profile & analytics

    200 Main St Pine Island, MN 55963-2804

    • Turn key restaurants
    • 2,921 SF
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US46-3212693
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pine Island United Methodist / Methodist Church / United Methodist Church
    • Hunan Express / Chinese Restaurant

    Property Details for 200 Main St

    Year built
    1950
    Property size
    2,921 SF
    Property type
    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $345,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $370,000
      Mixed-Use
      $335,000
      Hospitality
      $320,000
      Educational
      $375,000
      Residential Income
      $340,000
      Energy
      $355,000
      Income-Based Land
      $370,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Pine Island
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.6467
    Latitude
    44.2013
    CBSA code
    39860
    CBSA name
    RED WING, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,052
    $23,500
    $133,700
    $157,200
    -
    $23,500
    $133,700
    $157,200

    Comparable in this City

    • Value Estimation
      $240,000
      1,664 SF

      300 Main St

      RESTAURANT • 1,664 SF
      300 Main St, Pine Island, MN 55963-8605
      View Details
    • Value Estimation
      $265,000
      2,475 SF

      236 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,475 SF
      236 Main St, Pine Island, MN 55963-9190
      View Details
    • Value Estimation
      $420,000
      2,928 SF

      51146 Hwy 52nd Blvd

      BAR, TAVERN • 2,928 SF
      51146 Hwy 52nd Blvd, Pine Island, MN 55963-7640
      View Details
    • Value Estimation
      $375,000
      4,000 SF

      416 3rd NE Ave

      BAR, TAVERN • 4,000 SF
      416 3rd NE Ave, Pine Island, MN 55963-7573
      View Details
    • Value Estimation
      $345,000
      4,524 SF

      802 White Pnes SE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,524 SF
      802 White Pnes SE Rd, Pine Island, MN 55963-2003
      View Details
    • Value Estimation
      $240,000
      5,233 SF

      119 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,233 SF
      119 Main St, Pine Island, MN 55963-7552
      View Details

    Similar Nearby for Sale

    • $295,000
      2,921 SF

      Established Restaurant with Apartment Income

      Restaurant with loyal customers and additional apartment income.
      200 S Main St, Pine Island, MN 55963
      View Details
    • $490,000
      9,847 SF

      Mixed-Use Property in Pine Island

      Versatile mixed-use property with office, restaurant, and warehouse spaces.
      301 North Main St, Pine Island, MN 55963
      View Details
    • $275,000
      0.20 Acres

      Commercial Building in Prime Location

      Commercial building with tenants in place in the heart of Pine Island.
      101 S Main St, Pine Island, MN 55963
      View Details
    • $111,000
      0.77 Acres

      Residential Land in Pine Island

      Land for sale in Windmill Woods Estates, Pine Island, MN.
      934 Windermere Dr, Pine Island, MN 55963
      View Details
    • Contact for pricing
      0.03 Acres

      Ready-to-Build Lots in Pine Island

      15 residential lots available for purchase in Pine Island, MN.
      832 Lorrain Ct SW, Pine Island, MN 55963
      View Details
    • Contact for pricing
      0.04 Acres

      Ready-to-Build Lots in Pine Island

      Multiple residential lots available for purchase in Pine Island, MN.
      826 Alexis Ct SW, Pine Island, MN 55963
      View Details
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    200 Main St
    Pine Island, MN 55963-2804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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