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308 4th St - Former Welcome Elementary School 33,716 SF Specialty Building Offered For Sale in Welcome, MN 56181
Executive Summary
Located between Sherburn and Fairmont along Interstate 90, the former Elementary School in the City of Welcome offers a prime opportunity for developers and entrepreneurs with vision. This substantial property spans over 30,000 square feet, presenting immense potential for a variety of uses. This property may be a great candidate for Historical Federal and State Grants.
The building’s size and layout make it adaptable to several redevelopment possibilities, including but not limited to:
Private School: Ideal for educational institutions seeking to establish a campus in a serene, accessible community.
Multifamily Housing: The expansive space could be converted into apartments or townhomes, meeting the growing demand for housing.
Assisted Living Center: The facility’s size and structure make it suitable for senior care, offering a chance to cater to an aging population in the region.
Treatment Facility: The building could also serve as a treatment or rehabilitation center, providing much-needed services in a supportive environment.
Strategically situated in a peaceful city with close proximity to neighboring urban areas, this property combines accessibility with the charm of a small-town setting. Its solid construction and ample square footage provide a strong foundation for innovative redevelopment projects.
The building’s size and layout make it adaptable to several redevelopment possibilities, including but not limited to:
Private School: Ideal for educational institutions seeking to establish a campus in a serene, accessible community.
Multifamily Housing: The expansive space could be converted into apartments or townhomes, meeting the growing demand for housing.
Assisted Living Center: The facility’s size and structure make it suitable for senior care, offering a chance to cater to an aging population in the region.
Treatment Facility: The building could also serve as a treatment or rehabilitation center, providing much-needed services in a supportive environment.
Strategically situated in a peaceful city with close proximity to neighboring urban areas, this property combines accessibility with the charm of a small-town setting. Its solid construction and ample square footage provide a strong foundation for innovative redevelopment projects.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Lot Size | 3.43 AC |
| Sale Conditions | Building Size | 33,716 SF | |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | School | Year Built | 1900 |
| Building Class | C |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 3.43 AC |
| Building Size | 33,716 SF |
| No. Stories | 3 |
| Year Built | 1900 |
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Property Taxes
| Parcel Number | 425800575 | Improvements Assessment | $186,000 |
| Land Assessment | $25,600 | Total Assessment | $211,600 |
Property Taxes
Parcel Number
425800575
Land Assessment
$25,600
Improvements Assessment
$186,000
Total Assessment
$211,600
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308 4th St - Former Welcome Elementary School
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