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Property profile & analytics
OFF-MARKET
Investment properties

231 Main St Pine Island, MN 55963-7659

2,772 SF Built 1897
Entity Owned 3-yr Hold Free & Clear
Property ID
US46-0065430
Property summary
AI-generated overview

This charming, 3,272 square foot, Class C building at 231 S Main St, Pine Island, MN 55963, offers a unique leasing opportunity. Built in 1897, this beautiful brick building boasts an elegant arched window façade and exposed brick interior, creating a distinctive atmosphere. The space is divisible into four separate units, ranging from 140 to 1,380 contiguous square feet, ideal for a variety of office or retail uses. The entire main floor is available for $2,200 per month. Each unit benefits from ample storage, convenient front and rear entrances, and excellent signage opportunities. All utilities—water, heat, electricity, garbage, and recycling—are included in the rent. This prime Main Street location offers high visibility and accessibility, making it an exceptional choice for businesses seeking a blend of historic charm and modern functionality. The property features multiple suites in a traditional office, executive office, coworking, or creative office setting.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1897
Total area 2,772 SF
APN 68.100.1530
UPID US46-0065430
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
  • Hemann Grover & Co Pllp Tax Preparation
  • Flick Consultation Group Medical Clinic
  • Hemann Grover & Co Pllp: Grover Le Ann M CPA Accounting Firm Tax Preparation
  • Hemann Grover & Co Pllp: Hemann Glen P CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jcr Properties LLC · 3 yrs held
Jcr Properties LLC
since 2022
Last sale
$248,500
4 recorded transactions
2022
$248,500
2022
$235,000
2022
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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