231 Main StPine Island, MN 55963

Property Details for 231 Main St

Year built

1897

Property size (Sq ft)

2,772 SF

Property type

Investment properties

Property subtype

Live-work space

APN

68.100.1530

APU

681001530

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $456,302

  6.5%

  $421,202

  7%

  $391,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $141,483

  Geo Method

  $141,483

• Alternative Use

  Use

  Valuation

  Residential

  $522,290

  Hospitality

  $478,415

  Educational

  $398,036

  Medical

  $411,725

  Retail

  $619,166

Location Insight

City

Pine Island

County

Goodhue

State

Minnesota

Latitude

44.2009

Longitude

-92.6459

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].