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    OFF-MARKET
    Bars & Pubs

    145 Franklin St, Wells, MN 56097

    11,346 SF 0.2 ac lot Built 1949
    Individually Owned
    Property ID
    US46-2267729
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 145 W Franklin St in Wells, Minnesota, presents a unique investment opportunity. The 11,346 square foot building, constructed in 1949, sits on a 0.2-acre lot and is zoned for Business/Commercial use. Previously operating as the American Legion, this single-story structure offers immense potential for a variety of uses, including a restaurant, bar, or event center. The asking price is $110,000, translating to $13 per square foot. The sale includes most of the existing equipment, making this a truly turnkey operation. Conveniently located in the heart of downtown Wells, this property is just a short distance from the historic Depot Museum, ensuring high visibility and accessibility. The property's spacious layout, combined with its prime location and included equipment, makes it an ideal investment for entrepreneurs seeking a well-established business or a blank canvas for a new venture. The property's APN is 302000060. This is a rare opportunity to acquire a substantial commercial property in a thriving Minnesota community. Don't miss out on this chance to own a piece of Wells' history and future.

    Property profile
    Verified
    Property type Bars & Pubs
    Year built 1949
    Total area 11,346 SF
    Lot 0.2 ac (8,712 SF)
    APN 302000060
    UPID US46-2267729
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Cloutier Chanin
    Cloutier Chanin
    since 2026
    2 recorded transactions
    2026
    $100,000
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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