290 1st Avenue NE Wells, MN ^$ 189,900

290 1st Avenue NE

^$ 189,900

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290 1st Avenue NE

Wells, MN, 56097

^$ 189,900

Bedrooms-- Baths-- Sq 6,384

Monthly Estimate*

^$ 1,312

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Commercial Property for sale in Wells, MN

for $189,900. This 6,384 square foot building was built in 1985 on a lot size of 0.321.

Approximately 6,300 square feet of clean, flexible-use commercial space is available for sale in Wells! Located in a prime location with high-visibility and high-traffic, this building presents itself to many different uses. An updated interior with new bathrooms, flooring, trim, paint, fixtures, & more, plus on-site parking are good features. Contractor work to be completed early August; more details to come.

Commercial Active

Price

^$ 189,900

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.321

Year Built

1985

Town/City

Wells

County/Region

Faribault

MLS | Web ID

7119515

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common Hot Water Common

Roof Asphalt

Appliances Exhaust Fan

Garage Spaces 0

Year Built 1985

Levels One

Tax Year 2026

Current Use Commercial

Accessibility Partially Wheelchair

County Faribault

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Leland & Andrews Add

Directions From 3rd St. NW/MN109 in Wells head south on 1st Ave. NE. Property is first on your right.

City Wells

High School District United South Central

Zoning Description Business/Commercial

Number Of Units Total 1

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 0

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement None

Basement (Y/N) N

Fuel Natural Gas

Exterior

Parking Features Gravel

Water Source City Water/Connected

Inclusions Fixture/Equipment

Lot Size Area 0.321

Building Area Total 6384

Lot Dimensions 70x200

Waterfront Y/N N

Foundation Area 6384

Road Frontage Type City Street

Internal Only

Street Number 1 290

* Excluded Features

List By

True Real Estate

Broker

tara@truerealestatemn.com

Affordability Calculator

$1,312

Per Month

Monthly Principal & Interest: $1,312
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Commerical listings in Wells, MN

Average List Price ^$204,950

Percent of Sale Price 8%

About Wells, MN

2,249 Population

-16% Since 2002

^$48,093 Median Income

44.93 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1608669 Elementary School

1608670 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/1/2026	$189,900		Listed Price

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290 1st Avenue NE, Wells, MN, 56097 is a Commercial Property for sale at $189,900 with 6,384 sqft and a lot size of 0.321. 290 1st Avenue NE was built in 1985. The property's zip code is 56097 which is in Wells, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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290 1st Avenue NE

Commercial Property for sale in Wells, MN

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