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Active NEW!
$350,000
/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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    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.