308 4Th St Welcome, MN 56181
This exceptional 30,000+ square foot commercial property, located at 308 4th Street in Welcome, Minnesota, presents a unique investment opportunity for forward-thinking developers and entrepreneurs. Situated on a 3.42-acre lot, this former elementary school boasts substantial space and a versatile layout, making it ideal for a wide range of redevelopment projects. Its strategic location between Sherburn and Fairmont, with convenient access to Interstate 90, ensures excellent visibility and accessibility. The property's size and existing infrastructure offer significant advantages for various uses, including but not limited to conversion into a private school, multifamily housing complex (apartments or townhomes), an assisted living facility, or a treatment/rehabilitation center. The peaceful small-town setting of Welcome offers a unique blend of tranquility and accessibility, providing a compelling environment for a variety of businesses or community services. The solid construction of the building provides a strong foundation for any redevelopment project, minimizing initial renovation costs and maximizing long-term value. This property represents a rare chance to acquire a substantial commercial space in a desirable location with immense potential for future growth and profitability. The ample square footage and versatile layout offer considerable flexibility for adapting the space to meet specific needs and market demands. This is an exceptional opportunity to capitalize on the growing need for various services in the region.
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Martin County West School High School
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Martin County Farm Management Food Processing Plant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.