147 Broadway Wells, MN 56097
- Investment properties
- 6,500 SF
- 0.10 lot acres
Current Use by Public Records
- Investment properties
Property Details for 147 Broadway
- Year built
- 1910
- Lot size
- 0.10 lot acres
- Property size
- 6,500 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 30.200.3711
- APU
- 302003711
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wells
- County
- Faribault
- State
- Minnesota
- Longitude
- -93.7252
- Latitude
- 43.7433
