101 S Main Street Pine Island, MN 55963 MLS# 7082131 3 baths
1 / 21
Property Description Prime downtown commercial opportunity with excellent Main Street frontage and strong visibility. This well-located property is currently occupied by three established tenants, including a hairstyling salon, insurance office, and cleaning company, offering immediate income potential and a diverse tenant mix. Excellent exposure, convenient access, and a highly desirable downtown location make this a standout investment opportunity.
Details
Maps
Contract Information
Status: Active
Current Price: 269000
Contingency: None
ListPrice: 269000
List Date: 2026-05-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 14
Waterfront Present: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 3
Foundation Size: 1773
For Sale or Lease: For Sale
Acres: 0.2
Lot Dimensions: 70x124
Assessment Pending: No
Location Tax and Other Information
House Number: 101
Street Direction Prefix: S
Street Name: Main
Street Suffix: Street
Postal City: Pine Island
County: Goodhue
State: MN
Zip Code: 55963
Complex/Dev/Subdivision: Pine Island
Assessments
Tax With Assessments: 7358
Building Information
Building Finished SqFt: 2997
Income and Expenses
Annual Gross Expenses: 4000
Annual Gross Income: 31920
Annual Net Income: 27920
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
Unit Number: 1
Monthly Rent: 800
Half Baths: 1
Total Bathrooms: 1
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2027-11-30
Unit 2
Half Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1200
Total Bathrooms: 1
Unit Number: 2
Unit 3
Half Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Below Ground
Monthly Rent: 660
Total Bathrooms: 1
Unit Number: 3
Unit Details
Total Units: 3
Property Features
Accessible: Partially Wheelchair; Wheelchair Ramp
Air Conditioning: Central Air
Basement: Partially Finished
CMU Style: Office; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Office; Professional Service