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Neal Lawson

nouse.neal@mndreamteam.com +1(612) 418-5892

$ 100,000

Est. payment -/mo

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Contingent

145 W Franklin ST Wells, MN 56097

8,712 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Contingent

Purchase Type For Sale

Subdivision Village/Wells

MLS Listing ID 6775388

Year Built 1949

Annual Tax Amount $1,258

Tax Year 2023

Contingent Inspection

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 69x132

Property Sub-Type Business

Property Description

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. Short on downpayment? ask the City of Wells EDA department and the County of Faribault for downpayment assistance loans. 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. Pull tabs could still rent space in the building for extra income. Don't Miss out today!

Location

State MN

County Faribault

Zoning Business/Commercial,Other

Rooms

Basement Block, Full

Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Dishwasher, Flat Top, Freezer, Fryer, Grill, Ice Machine, Oven

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Fixture/Equipment, Other

Fireplace No

Appliance Exhaust Fan

Exterior

Parking Features Gravel, On-Street Parking Only

Utilities Available None

Roof Type Rubber

Present Use Event Space,Restaurant,Bar/Tavern

Building

Story One

Foundation 5146

Sewer City Sewer - In Street

Water City Water/Connected

Level or Stories One

Structure Type Brick/Stone

Schools

School District United South Central

Listed by Jennifer Busch • LandProz Real Estate, LLC

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

145 W Franklin ST Wells, MN 56097

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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