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147 Broadway Wells, MN 56097

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For Sale
$329,000

High-Yield, Fully Leased Property

Property size:
9,000 SF

Property Features for 147 Broadway

General Information

Property type
Mixed-use properties
Square Feet
9,000 SF
Lot Size
4,356 SF

Building Details

Year Built
1930

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Listing Contact
Jeffrey Kaul

Listing Agency: CENTURY 21 Atwood Listing Agent: Jeffrey Kaul

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

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Property Insight Report

Overview

This exceptional mixed-use property, located at 147 S Broadway in Wells, Minnesota, presents a compelling investment opportunity. The 9,000 square foot building sits on a 0.1-acre lot and boasts a strong, consistent income stream. The main floor comprises two retail storefronts, both currently under lease, generating significant rental income. Adding to the property's profitability, the second floor features four apartments, all fully occupied and contributing to the substantial monthly revenue. The current monthly income from all tenants totals $3,300, providing a stable and attractive return on investment. This property is ideally suited for an investor seeking a turnkey operation with immediate cash flow. The location on South Broadway offers excellent visibility and accessibility, ensuring continued tenant occupancy and potential for future appreciation. The building's mixed-use nature provides diversification and resilience in the current market. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The strong tenant occupancy and consistent rental income make this an exceptional investment opportunity not to be missed. Serious inquiries only. Financial statements are available upon request. This property is being offered at $329,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Wells
County
Faribault
State
Minnesota
Longitude
-93.7252
Latitude
43.74328

FAQs

What type of property is this?
Mixed-use property - High-Yield, Fully Leased Property
Where is this mixed-use property located?
The property is located at 147 Broadway Wells, MN.
What is the asking price?
The asking price for this property is $329,000.
More about this property
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