Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

308 4Th St Welcome, MN 56181

  • Commercial real estate
  • 3.42 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US46-2580970
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Martin County West School / School
  • Martin County Farm Management / Farm

Property Details for 308 4Th St

Year built
1900
Lot size
3.42 lot acres
Property type
Commercial real estate

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Welcome
County
Martin County
State
Minnesota
Longitude
-94.61853
Latitude
43.67051
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message