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Active
$175,000
/mo Edit
Commercial:  Business Opportunity
Built 1949
0.2 acres
United South Central schools
MLS# 6491363
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    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!

    Listing

    Contingency: None
    City: Wells
    County: Faribault
    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: 43.74543099, -93.72749198
    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.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    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.