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    120 Broadway Wells, MN 56097

    Sponsored
    For Sale
    $400,000

    Remodeled Industrial Building - $400,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional flex space property, located at 120 N Broadway in Wells, Minnesota (zip code 56097), is offered at $400,000. Recently remodeled, this industrial building presents a versatile opportunity for a variety of uses. The 4,000 square foot building features four sizable office spaces, perfect for administrative functions or individual work areas. A fully equipped kitchen, shower, and laundry facilities add significant convenience. A large, open gathering space is ideal for meetings, events, or employee breaks. The property also boasts ample outdoor space, including a fenced area suitable for parking or storage, along with additional outbuildings. The flexible layout and extensive amenities make this property well-suited for a range of businesses, including event centers, churches, training centers, workshops, or light manufacturing. Its central location in Wells, Minnesota, provides easy access to local amenities and transportation routes. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, versatile industrial building in a desirable location. Contact us today to schedule a showing.

    Property Features for 120 Broadway

    General Information

    Property type
    Flex space

    HighLights

    • 4,000 SF flex space building in Wells, MN (56097) offered at $400,000.
    • Features four large office spaces, full kitchen, shower, and laundry.
    • Includes a large open gathering space.
    • Offers fenced outdoor space, parking, and additional outbuildings.
    • Suitable for various uses including event centers, churches, training centers, workshops, or light manufacturing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -93.7259369
    Latitude
    43.7470604

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    Nearby Similar for Sale

    • $400,000
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      Remodeled Building in Wells, Minnesota

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    FAQs

    What type of property is this?
    Flex space - Remodeled Industrial Building - $400,000
    Where is this flex space located?
    The property is located at 120 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: 4,000 SF flex space building in Wells, MN (56097) offered at $400,000.; Features four large office spaces, full kitchen, shower, and laundry.; Includes a large open gathering space.
    Request Owner's contact information
    120 Broadway 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
    120 Broadway Wells, MN 56097
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