145 W Franklin ST, Wells, MN 56097 - MLS#6491363

See all 53 photos

53 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$110,000

Est. payment - /mo

8,712 Sqft Lot

Save

UPDATED:

10/17/2024 12:58 PM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Village/Wells

MLS Listing ID 6491363

Year Built 1949

Annual Tax Amount $1,258

Tax Year 2023

Contingent None

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 69x132

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. 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. Don't Miss out today!

Location

State MN

County Faribault

Zoning Business/Commercial,Other

Rooms

Basement Block, Full

Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Dishwasher, Flat Top, Freezer, Fryer, Grill, Ice Machine, Oven

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Fixture/Equipment, Other

Fireplace No

Appliance Exhaust Fan

Exterior

Garage Gravel, On-Street Parking Only

Utilities Available None

Roof Type Rubber

Present Use Event Space,Restaurant,Bar/Tavern

Parking Type Gravel, On-Street Parking Only

Building

Story One

Foundation 5146

Sewer City Sewer - In Street

Water City Water/Connected

Level or Stories One

Structure Type Brick/Stone

Schools

School District United South Central

Read Less Info

Listed by Jennifer Busch • LandProz Real Estate, LLC

Get More Information

Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683