For Sale: Wells MLS# 6775388
Active
$100,000
Commercial: Business Opportunity
Built 1949
0.2 acres
United South Central schools
MLS# 6775388
Ask Sheila:
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Welcome to this well-maintained and high-quality commercial building in downtown Wells, MN, just a stone's throw away from the historic Depot Museum. Formerly operated as the American Legion, this property offers a fantastic opportunity for ownership and operation as a tavern, restaurant, or versatile meeting and event center. Short on downpayment? ask the City of Wells EDA department and the County of Faribault for downpayment assistance loans. The sale includes most owned equipment, making it a turnkey investment.
Spanning over 11, 000 square feet, this property boasts an impressive finished space, including a basement area perfect for meetings and events, complete with a commercial kitchen. Recent upgrades such as a main floor kitchenette with exhaust system, HVAC, circuit breaker boxes, ELEVATOR, flooring, and ceiling tiles enhance the overall appeal of the building. With utilities averaging around $4, 300 per year, this property presents a lucrative investment opportunity. Liquor and gamble license today could be negotiated. Pull tabs could still rent space in the building for extra income. Don't Miss out today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$100,000
Property Type:
Commercial
City:
Wells
Garage Spaces:
0
County:
Faribault
Year Built:
1949
State:
MN
Property Style:
Business Opportunity
Zip Code:
56097
Subdivision Name:
Village/Wells
Interior
Ceiling Height:
8-10
Ranges:
One
Refrigerators:
Three
Appliances Included:
Exhaust Fan
Basement Details:
- Block
- Full
Exterior
Stories:
One
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
30
Air Conditioning:
Central Air
Foundation Size:
5,146 ft2
Foundation Dimensions:
70X112
Handicap Accessible:
Doors 36"+, Accessible Elevator Installed, Hallways 42"+
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Gravel
- On-Street Parking Only
Unit Amenities:
Ceiling Fan(s)
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Brick/Stone
Roof Details:
Rubber
Lot & Land
Acres:
0.2
Geolocation:
43.7454309937, -93.7274919794
Inclusions:
Building, Fixture/Equipment, Other
Lot Dimensions:
69 x 132
Zoning:
- Business/Commercial
- Other
Farm
Topography:
Level
Schools
School District:
2134
District Phone:
507-553-3134
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$1,258
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,258
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Event Space
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer - In Street
Available Utilities:
None
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LandProz Real Estate, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.