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Updated Flex Space
For Sale
$189,900

290 1st Ave NE, Wells, MN 56097

Flexible commercial building with refreshed finishes, new bathrooms, and on-site parking.

Property Size6,384 SF
Price / SF$29.75
Days on Market21

Property Features for 290 1st Ave NE

General Information

Standard status Active
Size 6,384 SF

Building Details

Year Built 1985
Listing Agency: True Real Estate
Listed By: Tara Garbes
Source: Tayloronken
Added: Aug 10 Changed: Aug 28 Last Checked: Aug 30 at 7:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of True Real Estate

Investment Insights

Based on property information with market context.

This flex-space property offers approximately 6,300 square feet of adaptable commercial area in a building constructed in 1985. Interior improvements include new bathrooms, flooring, trim, paint, and fixtures, with contractor work scheduled for completion in early August. On-site parking is also provided.

The property is located at 290 1st Ave NE in Wells, Minnesota. It is expected to be available on August 14, 2026, and is offered for sale. The combination of flexible interior space, updated finishes, and parking supports a range of commercial applications without tying the building to a single specific layout.

Key Highlights

  • Approximately 6,300 square feet of flexible‑use commercial space
  • Interior updates include new bathrooms, flooring, trim, paint, and fixtures
  • On‑site parking included

Property Analytics

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible commercial building with refreshed finishes, new bathrooms, and on-site parking.
Where is this flex space located?
The property is located at 290 1st Ave 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 flexible‑use commercial space; Interior updates include new bathrooms, flooring, trim, paint, and fixtures; On‑site parking included
More about this property
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