101 S Main St 4,034 SF 100% Leased Retail Building Pine Island, MN 55963 £263,823 (£65.40/SF)
EXECUTIVE SUMMARY
Come see this stunning commercial building located in the heart of Pine Island in a prime location. This building offers two tenants in place and currently is rented with the option to rent one additional front unit. Updates include new ramp in the rear of the building, newly paved parking lots and a newer retaining wall. This is building offers a great location and opportunity to own a building in the heart of the city.
Upper level is currently rented on a month to month lease. Original owners and still renting month to month at 1,200 per month. Lower is rented at $670 per month. Front office space is still available to renter and was a former Insurance agency. Updates include: Added larger paved Parking lot in rear and side of building new handrail Handicap ramp in back Separated lobby entrance in rear New retaining wall
Upper level is currently rented on a month to month lease. Original owners and still renting month to month at 1,200 per month. Lower is rented at $670 per month. Front office space is still available to renter and was a former Insurance agency. Updates include: Added larger paved Parking lot in rear and side of building new handrail Handicap ramp in back Separated lobby entrance in rear New retaining wall
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,034 SF
Year Built
1960
Price
£263,823
Price Per SF
£65.40
Percent Leased
100%
Number of Floors
2
Building FAR
0.47
Lot Size
0.20 AC
Frontage
179 ft on North Main Street
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 68.100.1280 | Improvements Assessment | £146,535 |
| Land Assessment | £45,830 | Total Assessment | £192,365 |
