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Active
$299,900
/mo Edit
Commercial:  Office
Built 1960
0.2 acres
Pine Island schools
MLS# 6657442
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    Property Description

    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

    Listing

    Contingency: None
    City: Pine Island
    County: Goodhue
    State: MN
    Property Style: Office
    Zip Code: 55963
    Subdivision Name: Pine Island

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 14
    Air Conditioning: Central Air
    Foundation Size: 1,773 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Parking Lot
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material:
    • Block
    • Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.2
    Geolocation: 44.202158, -92.645908
    Inclusions: Building, Leases
    Lot Dimensions: Irregular
    Zoning: Business/Commercial

    Schools

    School District: 255
    District Phone: 507-356-4849

    Expenses

    Annual Gross Expense: $4,000

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,278
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,278

    Income

    Annual Gross Income: $22,440

    Rent

    Annual Net Income: $18,440

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Commercial
    • Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.