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145 Franklin St Wells, MN 56097

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For Sale
$110,000

Turnkey Investment: 11,000 sq ft. Event Center

Property size:
11,346 SF

Property Features for 145 Franklin St

General Information

Property type
Other commercial real estate
Square Feet
11,346 SF
Lot Size
8,712 SF

Building Details

Year Built
1949

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Listing Contact
Jennifer Busch

Listing Agency: LandProz Real Estate, LLC Listing Agent: Jennifer Busch

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 11,346 square foot commercial building, located at 145 W Franklin Street in downtown Wells, Minnesota, presents a unique investment opportunity. Situated on a 0.2-acre lot, this property is conveniently located near the historic Depot Museum, offering high visibility and accessibility. Previously used as the American Legion, the building is ideally suited for a variety of uses, including a tavern, restaurant, or event center. The expansive interior includes a fully finished basement area, perfect for meetings, events, or additional storage. A significant advantage is the inclusion of most owned equipment in the sale, making this a truly turnkey operation. The building boasts a recently upgraded commercial kitchen, a main floor kitchenette with an exhaust system, updated HVAC, new circuit breaker boxes, a functioning elevator, and fresh flooring and ceiling tiles throughout. Annual utility costs average approximately $4,300. The sale may include the negotiation of existing liquor and gambling licenses. This property offers a rare blend of size, location, and recent upgrades, making it an attractive investment with significant potential for return.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Wells
County
Faribault
State
Minnesota
Longitude
-93.72749
Latitude
43.74544

FAQs

What type of property is this?
Commercial real estate - Turnkey Investment: 11,000 sq ft. Event Center
Where is this commercial real estate located?
The property is located at 145 Franklin St Wells, MN.
What is the asking price?
The asking price for this property is $110,000.
More about this property
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