Technical
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Distress signals
Property profile

3Rd St Welcome, MN 56181

OFF-MARKET
Commercial real estate
1.22 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional 1.22-acre commercial property in Welcome, Minnesota, presents a unique redevelopment opportunity. Situated on a prominent location along the main corridor, adjacent to Casey's General Stores, this site boasts unparalleled visibility and convenient access. The property includes a substantial existing structure—a former school bus garage measuring 114 feet by 40 feet—offering approximately 4,560 square feet of usable space. This existing building provides a solid foundation for a variety of adaptive reuse projects. Its size and layout are well-suited for conversion into a storage facility, catering to the growing need for personal, vehicle, or commercial storage solutions in the area. The expansive lot size allows for significant future development, potentially including the construction of additional storage units to capitalize on the high demand. The property's strategic location, close proximity to Interstate 90, a major transportation artery, further enhances its appeal and investment potential. This is an ideal opportunity for an entrepreneur or investor seeking a high-visibility site with significant development potential in a thriving community. The asking price is $79,900.

Property profile

Verified
Property type Commercial real estate
Year built 1960
Lot 1.22 ac (53,143 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3Rd St Welcome, MN 56181
Welcome metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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