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    120 N Broadway Wells, MN 56097

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    For Sale
    $400,000

    Recently remodeled building with office, storage, and gathering spaces.

    Property size:
    11,180 SF
    Lot size:
    1.29 Acres

    Property Features for 120 N Broadway

    General Information

    Size
    11,180 SF
    Lot size
    1.29 Acres

    Source: KW Commercial Midwest - Apple Valley Agent James Halbur

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

    Overview

    Remodeled Building in Wells, Minnesota

    Located in Wells, Minnesota, this recently remodeled building offers work and storage space. The property features four large office spaces, a kitchen, a shower, and laundry facilities. A large gathering space is available for meals, entertainment, or meetings. The property includes fenced outside storage or parking, along with other out-buildings. Potential uses for the property include an event center, church, or training center. It could also be used as a shop or for manufacturing. The property size is 11180 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    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
    -93.725588
    Latitude
    43.747111

    Nearby Similar for Sale

    • $329,000
      9,000 SF

      Wells, MN Mixed-Use Investment

      High-Yield, Fully Leased Property
      147 Broadway, Wells, MN 56097
      View Details
    • $110,000
      11,346 SF

      Prime Wells, MN Commercial Space

      Turnkey Investment: 11,000 sq ft. Event Center
      145 Franklin St, 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?
    Specialty property - Recently remodeled building with office, storage, and gathering spaces.
    Where is this specialty property located?
    The property is located at 120 N Broadway Wells, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Remodeled building with versatile work and storage space.; - Four large office spaces, kitchen, shower, and laundry included.; - **Large gathering space suitable for meals, entertainment, or meetings.**
    (507) 317-2353
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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
    120 N Broadway Wells, MN 56097
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