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Updated Flex Space
For Sale
$189,900

290 1st Avenue NE, Wells, MN 56097

Commercial Sale, Wells, MN

Property Size6,300 SF
Lot Size0.32 Acres
Price / SF$30.14
Days on Market27

Property Features for 290 1st Avenue NE

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Exterior features Wood
Accessibility Accessible Approach with Ramp
Appliances Exhaust Fan/Hood
Subdivision Leland & Andrews Add
High school district United South Central
Directions From 3rd St. NW/MN109, in Wells, head south on 1st Ave. NE. Property is first on your right.
Standard status Active
APN 304261490
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2026

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1985
Roof type Shingle
Listing Agency: True Real Estate
Listed By: Tara Garbes
Added: Aug 1 Changed: Aug 27 Last Checked: Aug 27 at 11:06AM
MLS# 7119515

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex-space property offers approximately 6,300 square feet within a commercial building constructed in 1985. Interior improvements include new bathrooms, flooring, trim, paint, and fixtures, with additional contractor work scheduled for completion in early August. The building also includes an exhaust fan/hood, forced-air heating, central air conditioning, and a shingle roof.

The property sits on a 0.321-acre lot at 290 1st Avenue NE in Wells, Minnesota, with on-site parking and an accessible approach with ramp. Wood exterior construction and the existing building systems provide a defined commercial framework for a range of potential occupancy plans.

Key Highlights

  • Approximately 6,300 square feet of flex‑space building area
  • Updated bathrooms, flooring, trim, paint, and fixtures
  • 0.321‑acre lot at 290 1st Avenue NE, Wells, MN 56097

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 - Commercial building with refreshed interior finishes, central air, and accessible ramp entry.
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 flex‑space building area; Updated bathrooms, flooring, trim, paint, and fixtures; 0.321‑acre lot at 290 1st Avenue NE, Wells, MN 56097
More about this property
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