101 S Main Street, Pine Island, MN 55963

New Listing
$269,000
Property Type: Commercial Baths: 3 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $269,000 List Date: 5/29/2026 Last Modified: 5/29/2026

Overview

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.

Listing Details MLS# 7082131

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
Foundation Size
1773
For Sale or Lease
For Sale
Acres
0.2
Lot Dimensions
70x124
Assessment Pending
No
Garage Stalls
0

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 Exterior: Brick/Stone; Vinyl Flooring: Carpet Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Forced Air Internet Options: Fiber Optic Location Description: Downtown Lock Box Type: Combo On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
269000
Owner is an Agent?
No
Auction?
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
Assessment Balance
0

Building Information

Building Finished SqFt
2997

More Information

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
Yes
Monthly Rent
800
Half Baths
Yes
Total Bathrooms
Yes
Level
Main Level
Leased?
Yes
Lease Expiration Date
2027-11-30

Unit 2

Half Baths
Yes
Lease Expiration Date
2026-06-30
Leased?
Yes
Level
Main Level
Monthly Rent
1200
Total Bathrooms
Yes
Unit Number
2

Unit 3

Half Baths
Yes
Lease Expiration Date
2026-06-30
Leased?
Yes
Level
Below Ground
Monthly Rent
660
Total Bathrooms
Yes
Unit Number
3

Unit Details

Total Units
3

Office/Member Info

Association
SEMR

Location, Tax and Other Information

Legal Description
ORIGINAL PLAT ID# 18-0100-11100 DOC #661011 S13.5FT OF LOT 1 & N56.5FT OF LOT 2 BLK 22 RECORDED 11/15/90
Listing City
Pine Island
Map Page
999
Municipality
Pine Island
School District
Pine Island
School District Phone
507-356-4849
Zip Plus 4
1448
Property ID Number
681001280
Tax Year
2025
Tax Amount
7358
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
East side of Main Street.

Accessible

Partially Wheelchair
Yes
Wheelchair Ramp
Yes

Air Conditioning

Central Air
Yes

Basement

Partially Finished
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Vinyl
Yes

Flooring

Carpet
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Forced Air
Yes

Internet Options

Fiber Optic
Yes

Lock Box Type

Combo
Yes

Parking Characteristics

Parking Lot
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes

CMU Style

Office
Yes
Retail/Shopping Center
Yes

Current Use

Beauty/Barber Shop
Yes
Office
Yes
Professional Service
Yes

Location Description

Downtown
Yes
IDX
Listing Office: Real Broker, LLC.
Last Updated: May - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.