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    OFF-MARKET
    Investment properties

    147 Broadway, Wells, MN 56097-1627

    6,500 SF 0.1 ac lot Built 1910
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US46-2579473
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 147 S Broadway in Wells, Minnesota, presents a compelling investment opportunity. The 9,000 square foot building sits on a 0.1-acre lot and boasts a strong, consistent income stream. The main floor comprises two retail storefronts, both currently under lease, generating significant rental income. Adding to the property's profitability, the second floor features four apartments, all fully occupied and contributing to the substantial monthly revenue. The current monthly income from all tenants totals $3,300, providing a stable and attractive return on investment. This property is ideally suited for an investor seeking a turnkey operation with immediate cash flow. The location on South Broadway offers excellent visibility and accessibility, ensuring continued tenant occupancy and potential for future appreciation. The building's mixed-use nature provides diversification and resilience in the current market. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The strong tenant occupancy and consistent rental income make this an exceptional investment opportunity not to be missed. Serious inquiries only. Financial statements are available upon request. This property is being offered at $329,000.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1910
    Total area 6,500 SF
    Lot 0.1 ac (4,500 SF)
    APN 30.200.3711
    UPID US46-2579473
    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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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mark N Kayser · 7 yrs held
    Mark N Kayser
    since 2019
    2 recorded transactions
    2025
    2019
    $98,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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