Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    145 Franklin St Wells, MN 56097

    Sponsored
    For Sale
    $110,000

    Turnkey Investment: 11,000 sq ft. Event Center

    Property size:
    11,346 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 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
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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

    Nearby Comparable

    • $400,000

      Prime Wells, MN Flex Space

      Remodeled Industrial Building - $400,000
      120 Broadway, Wells, MN 56097
      View Details
    • $400,000
      11,180 SF

      Remodeled Building in Wells, Minnesota

      Recently remodeled building with office, storage, and gathering spaces.
      120 N Broadway, Wells, MN 56097
      View Details
    • $329,000
      9,000 SF

      Wells, MN Mixed-Use Investment

      High-Yield, Fully Leased Property
      147 Broadway, Wells, MN 56097
      View Details
    • Contact for pricing
      1.21 Acres

      Wells Business Park Land

      Commercial land available in Wells Business Park.
      L1 B1 Business Park, Wells, MN 56097
      View Details
    • $38,281
      2.00 Acres

      Wells Business Park Land Opportunity

      Commercial land available in the new Wells Business Park.
      L2 B2 Business Park, Wells, MN 56097
      View Details
    • $32,000
      2.41 Acres

      Commercial Land in Wells Business Park

      Located in Wells Business Park with utilities in place.
      Tbd Business Park Dr, Wells, MN 56097
      View Details
    • Contact for pricing
      0.90 Acres

      Wells, MN Industrial Building Lot

      Industrial building lot available in South Industrial Park, Wells.
      L1 B3 South Industrial Park, Wells, MN 56097
      View Details
    • Contact for pricing
      0.87 Acres

      Industrial Lot in Wells, MN

      Buildable industrial lot in South Industrial Park, Wells, Minnesota.
      L4 B1 South Industrial Park, Wells, MN 56097
      View Details
    • $630,000
      1,878 SF

      Well-Maintained Farm with Grain Storage

      Move-in ready farm with home, outbuildings, and grain storage.
      50167 230Th St, Minnesota Lake, MN 56068
      View Details

    Nearby Similar for Sale

    • $400,000
      11,180 SF

      Remodeled Building in Wells, Minnesota

      Recently remodeled building with office, storage, and gathering spaces.
      120 N Broadway, Wells, MN 56097
      View Details
    • $329,000
      9,000 SF

      Wells, MN Mixed-Use Investment

      High-Yield, Fully Leased Property
      147 Broadway, Wells, MN 56097
      View Details
    • $400,000

      Prime Wells, MN Flex Space

      Remodeled Industrial Building - $400,000
      120 Broadway, Wells, MN 56097
      View Details

    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.
    (507) 208-0791
    Request Owner's contact information
    145 Franklin St Wells, MN 56097
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    145 Franklin St
    Wells, MN 56097
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    145 Franklin St Wells, MN 56097
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.