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145 W Franklin Street, Wells, MN 56097

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Listing Type
Commercial/Industrial
Listing Status
active
53
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$100,000

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Home Details for 145 W Franklin Street
Price
$100,000
Type
Commercial/Industrial
Year Build
1949
Sq. Ft.
11346
Lot Size
0.2
County
Faribault
Basement
Block, Full
Tax
$1,258
MLS®️ Listing#
6491363
On exitrealty.com
542 days
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. Don't Miss out today!
Property Features
Listing Courtesy: LandProz Real Estate, LLC - 507-208-0791
mls_icon Based on information submitted to the MLS GRID as of 2025-08-11 09:31:07. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT NORTHSTAR REALTY
160 Commerce Dr. E, Belle Plaine, MN 56011
Licensed in the state of Minnesota
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$100,000

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EXIT NORTHSTAR REALTY
160 Commerce Dr. E, Belle Plaine, MN 56011
Licensed in the state of Minnesota
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