145 W Franklin ST Active Save Request In-Person Tour Request Virtual Tour
Wells,MN 56097
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
Lot Size 8,712 Sqft
Property Sub-Type Business
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. Don't Miss out today!
Location
State MN
County Faribault
Zoning Business/Commercial,Other
Rooms
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
Exterior
Parking Features Gravel,On-Street Parking Only
Utilities Available None
Roof Type Rubber
Building
Story One
Foundation 5146
Sewer City Sewer - In Street
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District United South Central