Property profile

120 Broadway Wells, MN 56097

OFF-MARKET
Commercial real estate
Property ID
US46-2444135
0.5 ac lot
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.5 ac (21,780 SF)
APN 30.426.0610
UPID US46-2444135

Cap rate & NOI

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

Location

120 Broadway Wells, MN 56097-1515
Wells metro Census 460600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2024
Price N/A

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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