Building Details

Building Size 6,384 SF

Year Built 1985

Stories 1

Units 1

Listing Agency: True Real Estate t***@truerealestatemn.com Show Phone

Listed By: Tara Garbes Show Phone

Source: Ivyrealestategroup

Added: Aug 7 Changed: Aug 8 Last Checked: Aug 10 at 11:13AM

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Investment Insights

Based on property information with market context.

This approximately 6,300-square-foot flex property in Wells was built in 1985 and carries Business/Commercial zoning. The building offers a flexible commercial footprint with an updated interior, including new bathrooms, flooring, trim, paint, and fixtures. On-site parking is also provided.

Located at 290 1st Avenue NE, the property is positioned for commercial use within the Wells market. Contractor work is scheduled for completion in early August, with additional details expected as the work progresses.

Key Highlights

• Approximately 6,300 square feet of commercial space
• Business/Commercial zoning
• Interior updates include new bathrooms, flooring, trim, paint, and fixtures

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Garden Center Storage Facility Nail Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 56097, MN

3,613

Population

1,801

Households

2

Avg Household Size

44

Median Age

20%

College-Educated

92%

High-School Grad

175.6 sq mi

ZIP Area

21

Density / Sq Mi

$63,646

Median Household Income

$42,046

Median Earnings

$761

Median Rent

$118,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial building with refreshed interior finishes, new bathrooms, and on-site parking.

Where is this flex space located?

The property is located at 290 1st Avenue NE Wells, MN.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: Approximately 6,300 square feet of commercial space; Business/Commercial zoning; Interior updates include new bathrooms, flooring, trim, paint, and fixtures