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Property profile & analytics

120 Broadway Wells, MN 56097

  • Commercial real estate
  • 0.50 lot acres
Value Estimation
Location Intelligence
Property ID
US46-2444135
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 120 Broadway

Lot size
0.50 lot acres
Property type
Commercial real estate
APN
30.426.0610
APU
304260610

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $240,000
  • CAP approach

    CAP return
    Estimation
    6%
    $240,000
    6.5%
    $230,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $250,000
    Geo Method
    $265,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $215,000
    Retail
    $225,000
    Mixed-Use
    $250,000
    Hospitality
    $215,000
    Educational
    $275,000
    Residential Income
    $270,000
    Energy
    $220,000
    Income-Based Land
    $260,000
    Food Service
    $215,000

Location Insight

  • Map
  • Local Demand
City
Wells
County
Faribault
State
Minnesota
Longitude
-93.7264
Latitude
43.7469

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,278
$18,300
$126,600
$144,900
-
$18,300
$126,600
$144,900
More about this property
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