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    147 Broadway Wells, MN 56097

    Sponsored
    For Sale
    $329,000

    High-Yield, Fully Leased Property

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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 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
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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

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    Nearby Similar for Sale

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    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.
    (507) 387-3131
    Request Owner's contact information
    147 Broadway Wells, MN 56097
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    Wells, MN 56097
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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
    147 Broadway Wells, MN 56097
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