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145 W Franklin St 4,580 SF Vacant Retail Building Wells, MN 56097 $100,000 ($21.83/SF)

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INVESTMENT HIGHLIGHTS

  • All new HVAC [within the last 6 years]
  • Commercial kitchen
  • 11,346 Total Sq. Ft. including land
  • Elevator [installed in last 10 years]
  • All equipment included in sale

EXECUTIVE SUMMARY

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!
Please contact LandProz Associate Broker & Agent Realtor® Jen Busch at 507-923-7657 for more information or to set up a showing.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,580 SF
Building Class
C
Year Built
1949
Price
$100,000
Price Per SF
$21.83
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.53
Lot Size
0.20 AC
Zoning
233
Frontage
70’ on Franklin St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30.200.0060
Land Assessment
$18,600
Improvements Assessment
$134,300
Total Assessment
$152,900
  • Listing ID: 36953004

  • Date on Market: 7/28/2025

  • Last Updated:

  • Address: 145 W Franklin St, Wells, MN 56097

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