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    Property profile & analytics

    406 Main St Pine Island, MN 55963-7533

    • Investment properties
    • 2,888 SF
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US46-0274739
    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

    • Investment properties

    Property Details for 406 Main St

    Year built
    1950
    Property size
    2,888 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    68.580.0140
    APU
    685800140

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $245,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $185,000
      Mixed-Use
      $225,000
      Hospitality
      $225,000
      Educational
      $235,000
      Residential Income
      $175,000
      Energy
      $205,000
      Income-Based Land
      $220,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Pine Island
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.6467
    Latitude
    44.2066
    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
    $3,872
    $52,600
    $162,200
    $214,800
    -
    $52,600
    $162,200
    $214,800

    Comparable in this City

    • Value Estimation
      $160,000
      2,208 SF

      120 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,208 SF
      120 Main St, Pine Island, MN 55963-7595
      View Details
    • Value Estimation
      $245,000
      3,762 SF

      114 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,762 SF
      114 Main St, Pine Island, MN 55963
      View Details
    • Value Estimation by Request
      1,680 SF

      6450 120th NW St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,680 SF
      6450 120th NW St, Pine Island, MN 55963-9422
      View Details
    • Value Estimation
      $265,000
      1,568 SF

      11814 County Rd 5th NW

      OFFICE/RESIDENTIAL (MIXED USE) • 1,568 SF
      11814 County Rd 5th NW, Pine Island, MN 55963-9462
      View Details
    • Value Estimation
      $245,000
      2,772 SF

      231 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,772 SF
      231 Main St, Pine Island, MN 55963-7659
      View Details
    • Value Estimation
      $255,000
      1,008 SF

      109 2nd SW St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      109 2nd SW St, Pine Island, MN 55963-7517
      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
    • $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
    • Contact for pricing
      0.04 Acres

      Ready-to-Build Lots in Pine Island

      Multiple residential lots available for purchase in Pine Island, MN.
      822 Alexis Ct SW, Pine Island, MN 55963
      View Details
    • $121,000
      1,028 SF

      Pine Island Two-Bedroom Home

      Two-bedroom home in Pine Island, income restrictions apply.
      430 7Th St SW, Pine Island, MN 55963
      View Details
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    406 Main St
    Pine Island, MN 55963-7533
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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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