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    Property profile & analytics

    240 Main St Pine Island, MN 55963-9190

    • Retail space
    • 1,764 SF
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Oct 04, 2022
    $138,000
    Location Intelligence
    Property ID
    US46-1230728
    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

    • Retail space

    Property Details for 240 Main St

    Year built
    1885
    Property size
    1,764 SF
    Property type
    Retail space
    APN
    68.260.0410
    APU
    682600410

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pine Island
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.6467
    Latitude
    44.2008
    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
    $1,768
    $19,000
    $54,300
    $73,300
    -
    $19,000
    $54,300
    $73,300

    Comparable in this City

    • 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
    • Value Estimation
      $335,000
      4,278 SF

      86 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,278 SF
      86 Main St, Pine Island, MN 55963-7565
      View Details
    • Value Estimation by Request
      1,000 SF

      237 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      237 Main St, Pine Island, MN 55963-7659
      View Details
    • Value Estimation
      $325,000
      4,454 SF

      107 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,454 SF
      107 Main St, Pine Island, MN 55963-7552
      View Details
    • Value Estimation
      $155,000
      2,017 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,017 SF
      101 Main St, Pine Island, MN 55963-7552
      View Details
    • Value Estimation by Request
      9,100 SF

      272 Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      272 Ctr Dr, Pine Island, MN 55963
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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

      Multiple residential lots available for purchase in Pine Island, MN.
      829 Alexis Ct SW, 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.
      828 Lorrain Ct SW, Pine Island, MN 55963
      View Details
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    240 Main St
    Pine Island, MN 55963-9190
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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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