For Sale
$329,000

147 BroadwayWells, MN 56097

High-Yield, Fully Leased Property

Overview

Added:
Feb 3
Days on market:
65
This exceptional mixed-use property, located at 147 S Broadway in Wells, Minnesota, presents a compelling investment opportunity. The 9,000 square foot building sits on a 0.1-acre lot and boasts a strong, consistent income stream. The main floor comprises two retail storefronts, both currently under lease, generating significant rental income. Adding to the property's profitability, the second floor features four apartments, all fully occupied and contributing to the substantial monthly revenue. The current monthly income from all tenants totals $3,300, providing a stable and attractive return on investment. This property is ideally suited for an investor seeking a turnkey operation with immediate cash flow. The location on South Broadway offers excellent visibility and accessibility, ensuring continued tenant occupancy and potential for future appreciation. The building's mixed-use nature provides diversification and resilience in the current market. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The strong tenant occupancy and consistent rental income make this an exceptional investment opportunity not to be missed. Serious inquiries only. Financial statements are available upon request. This property is being offered at $329,000.

Property Details for 147 Broadway

Property type
Mixed-use properties
Square Feet
9,000 SF
Year Built
1930
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Wells
County
Faribault
State
Minnesota
Latitude
43.74328
Longitude
-93.7252
147 Broadway, Wells, Minnesota

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147 Broadway
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