145 W Franklin Street Wells, MN $ 150,000
145 W Franklin Street
$ 150,000
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145 W Franklin Street

Wells, MN, 56097
$ 150,000
Baths0.0 Sq 11,346

Monthly Estimate*

$ 997

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Studio

Commercial Property for sale in Wells, MN

for $150,000. This 11,346 square foot building was built in 1949 on a lot size of 0.2.

Welcome to this well-maintained and high-quality commercial building in downtown Wells, MN, just a stone's throw away from the historic Depot Museum. Formerly operated as the American Legion, this property offers a fantastic opportunity for ownership and operation as a tavern, restaurant, or versatile meeting and event center. The sale includes most owned equipment, making it a turnkey investment. Spanning over 11,000 square feet, this property boasts an impressive finished space, including a basement area perfect for meetings and events, complete with a commercial kitchen. Recent upgrades such as a main floor kitchenette with exhaust system, HVAC, circuit breaker boxes, ELEVATOR, flooring, and ceiling tiles enhance the overall appeal of the building. With utilities averaging around $4,300 per year, this property presents a lucrative investment opportunity. Liquor and gamble license today could be negotiated. Don't Miss out today!

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Commercial Active

Price

$ 150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,258

Style

Business

Lot Size

0.2

Year Built

1949

Town/City

Wells

County/Region

Faribault

MLS | Web ID

6491363

Features
General
Sewer City Sewer - In Street
Heating Forced Air
Cooling Central Air
Utilities None
Roof Rubber
Appliances Exhaust Fan
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1949
Topography Level
Levels One
Property SubType Business
Tax Year 2023
Current Use Event Space Restaurant Bar/Tavern
Accessibility Doors 36 + Accessible Elevator Installed Hallways 42 +
County Faribault
Property Type Commercial Sale
Contingency None
Subdivision Name Village/Wells
Possible Use Office Other Professional Service Restaurant Retail Warehouse Investment
Directions Close to the Railroad Depot historical museum in Wells MN- park in back or on the street
City Wells
Buyer Agent Compensation 3.00
High School District United South Central
Zoning Description Business/Commercial Other
NumberOfUnitsTotal 1
Lot Size Units Acres
Street Name Franklin
Land Lease Y/N N
Tax Annual Amount 1258
Additional Parcels Y/N N
Days on Market 72
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s)
Buyer Agent Compensation Type %
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Interior
Basement Block Full
Basement (Y/N) Y
Ceiling Height 8-10
Foundation Dimensions 70X112
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Exterior
Parking Features Gravel On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Other
Lot Size Area 0.2
Building Area Total 11346
Lot Dimensions 69x132
Street Suffix Street
Foundation Area 5146
Road Frontage Type City Street Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 145
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* Excluded Features
List By
Landproz Real Estate, Llc

Broker

jenbusch@landproz.com

Email

Affordability Calculator

$1,102
Per Month
90%
10%
0%
Monthly Principal & Interest
$997
Monthly Property Taxes
$105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1608669 Elementary School
1608670 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$150,000 -14.29% Price Down
2/21/2024$175,000 Listed Price

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145 W Franklin Street, Wells, MN, 56097 is a Commercial Property for sale at $150,000 with 11,346 sqft and a lot size of 0.2. 145 W Franklin Street is a studio with 0.0 baths and was built in 1949. The property's zip code is 56097 which is in Wells, MN