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    308 4Th St Welcome, MN 56181

    For Sale
    Contact for pricing

    Commercial - Welcome, MN

    Days on Market:
    326
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 308 4Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    425800575

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1900
    Building materials
    Brick, Other
    Roof type
    Flat, Rubber
    Architectural style
    Other

    RE/MAX Dynamic Agents (507) 385-9405 [email protected]

    Listing agent CARLOS CARRERA (507) 385-9405

    Listing date Jan 14, 2025

    MLS# 7036520 Listing URL

    Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Elementary School Redevelopment Opportunity

    The former Welcome Elementary School, situated between Sherburn and Fairmont along Interstate 90 in Welcome, Minnesota, presents a redevelopment opportunity for developers and entrepreneurs. The property spans over 30,000 square feet and is adaptable to several redevelopment possibilities. Potential uses include a private school, ideal for educational institutions seeking to establish a campus in a serene, accessible community. The expansive space could be converted into multifamily housing, such as apartments or townhomes, to meet the growing demand for housing. The facility’s size and structure make it suitable for an assisted living center, offering a chance to cater to an aging population in the region. The building could also serve as a treatment or rehabilitation center, providing services in a supportive environment. The 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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martin County West ... School Martin County Farm ... Farm

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Food Market Grocery Store Bar & Pub Storage Facility Garden Center Electronics Store Arcade & Gaming Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Welcome
    County
    Martin
    State
    Minnesota
    Longitude
    -94.618533
    Latitude
    43.670508

    Nearby Similar for Sale

    • Contact for pricing
      3.42 Acres

      Welcome, MN Commercial Property

      Prime 30,000 sq ft redevelopment opportunity.
      308 4Th St, Welcome, MN 56181
      View Details

    FAQs

    What type of property is this?
    School - Redevelopment opportunity in Welcome, MN, suitable for various uses.
    Where is this school located?
    The property is located at 308 4Th St Welcome, MN.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Substantial 30,000+ sq ft building offers immense redevelopment potential.; - Prime location between Sherburn and Fairmont, with Interstate 90 access.; - Adaptable to various uses: multifamily housing, assisted living, treatment facility, private school.
    (507) 385-9405
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    308 4Th St Welcome, MN 56181
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 4Th St Welcome, MN 56181
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