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308 4Th St Welcome, MN 56181

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For Sale
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Prime 30,000 sq ft redevelopment opportunity.

Description

Added:
Feb 3, 2025
Days on Market:
343
This exceptional 30,000+ square foot commercial property, located at 308 4th Street in Welcome, Minnesota, presents a unique investment opportunity for forward-thinking developers and entrepreneurs. Situated on a 3.42-acre lot, this former elementary school boasts substantial space and a versatile layout, making it ideal for a wide range of redevelopment projects. Its strategic location between Sherburn and Fairmont, with convenient access to Interstate 90, ensures excellent visibility and accessibility. The property's size and existing infrastructure offer significant advantages for various uses, including but not limited to conversion into a private school, multifamily housing complex (apartments or townhomes), an assisted living facility, or a treatment/rehabilitation center. The peaceful small-town setting of Welcome offers a unique blend of tranquility and accessibility, providing a compelling environment for a variety of businesses or community services. The solid construction of the building provides a strong foundation for any redevelopment project, minimizing initial renovation costs and maximizing long-term value. This property represents a rare chance to acquire a substantial commercial space in a desirable location with immense potential for future growth and profitability. The ample square footage and versatile layout offer considerable flexibility for adapting the space to meet specific needs and market demands. This is an exceptional opportunity to capitalize on the growing need for various services in the region.

Property Features for 308 4Th St

General Information

Property type
Other commercial real estate
Lot Size
148,975 SF

Building Details

Year Built
1900

Property Profile 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 County
State
Minnesota
Longitude
-94.61853
Latitude
43.67051

FAQs

What type of property is this?
Commercial real estate - Prime 30,000 sq ft redevelopment opportunity.
Where is this commercial real estate 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.
More about this property
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