For Sale
$1

308 4Th St Welcome, MN 56181

Prime 30,000 sq ft redevelopment opportunity.

Overview

Added:
Feb 3
Days on market:
78
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.

Property Details for 308 4Th St

Property type
Commercial real estate
Year Built
1900
Lot Size (sq. ft)
148,975 SF

Location Insight

City
Welcome
County
Martin County
State
Minnesota
Latitude
43.67051
Longitude
-94.61853

FAQs

What type of property is this?
Commercial real estate - Prime 30,000 sq ft redevelopment opportunity.
Where is the commercial real estate located?
The property is located at 308 4Th St Welcome, MN.
What is the asking price?
The asking price for this property is $1.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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308 4Th St
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