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10 1st Avenue NW Wells, MN $ 365,000
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$ 365,000 Get more info
10 1st Avenue NW
$ 365,000
Back to search
Share Save

10 1st Avenue NW

Wells, MN, 56097
$ 365,000
Bedrooms-- Baths-- Sq 6,962

Monthly Estimate*

$ 2,247

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Commercial Property for sale in Wells, MN

for $365,000. This 6,962 square foot building was built in 1948 on a lot size of 0.16.

10-unit apartment building for sale, stand alone building in Wells, MN. Self-sustained asset with recent improvements and improved tenancy. 2 studios, 4 single bedrooms, 4 two-bedrooms units. Owner laundry: washer and dryer - not coin operated. Unfinished basement used for storage and supplies. Other rental storage spaces for future opportunity. On street parking. 1 vacancy of a 2-bedroom unit currently being remodeled. Great opportunity for long tern or short term lease.

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Commercial Active

Price

$ 365,000

Property Type

Commercial

Taxes

$ 6,334

Style

Lot Size

0.16

Year Built

1948

Town/City

Wells

County/Region

Faribault

MLS | Web ID

7016268
Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler Forced Air
Cooling Window Unit(s)
Utilities Electric Separate Heating Separate Hot Water Common
Roof Flat Rubber
Garage Spaces 0
Pool Features None
Year Built 1948
Tenant Pays Electricity
Topography Level
Levels Two
Tax Year 2025
Current Use Residential
Gross Income 58249
Accessibility None
County Faribault
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Village/Wells
Directions From Mankato take MN-22 south to I-90 east exit at MN-22 north toward Wells then turn right onto 1st Ave NW where 10 1st Ave NW will be on your right.
City Wells
High School District United South Central
Zoning Description Residential-Multi-Family
Number Of Units Total 10
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 6334
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Storage Space Unfinished
Basement (Y/N) Y
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Fencing None
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.16
Building Area Total 6962
Lot Dimensions 70x100
Foundation Area 3481
Road Frontage Type City Street Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 10
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* Excluded Features
List By
Re/Max Results

Broker

dylan@dylanmaitland.com

Email

Affordability Calculator

$2,775
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,247
Monthly Property Taxes
$528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
1608669 Elementary School
1608670 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/3/2026$365,000 Listed Price

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10 1st Avenue NW, Wells, MN, 56097 is a Commercial Property for sale at $365,000 with 6,962 sqft and a lot size of 0.16. 10 1st Avenue NW was built in 1948. The property's zip code is 56097 which is in Wells, MN

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