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Property profile & analytics
OFF-MARKET
Commercial real estate

308 4Th St Welcome, MN 56181

3.42 ac lot Built 1900
Property ID
US46-2580970
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 3.42 ac (148,975 SF)
UPID US46-2580970
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
Current use
Occupant on record · Public records
  • Martin County West School High School
  • Martin County Farm Management Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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