For Sale
$355,000

147 Broadway Wells, MN 56097

High-Yield Investment Opportunity: Leased Commercial Building

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional commercial property, located at 147 S Broadway in Wells, Minnesota, presents a lucrative investment opportunity. The 4,500 square foot building boasts two main floor storefronts, each currently leased, generating consistent rental income. Adding to the property's value are four second-floor apartments, all fully leased, further contributing to the substantial monthly income stream of $3,300. The property's prime location along Highway 22 South ensures high visibility and accessibility. The address is easily accessible by turning right onto Broadway from Highway 22 South. This turnkey investment offers a stable and profitable return, making it an ideal addition to any portfolio. The property is classified as special purpose land and is zoned for commercial use. The asking price for this income-generating asset is $355,000. The property is situated in Faribault County, Minnesota, with the zip code 56097. This is a rare opportunity to acquire a well-established, fully leased commercial property in a desirable location. The property's strong tenant occupancy and consistent cash flow make it a compelling investment prospect. Serious inquiries are encouraged.

Highlights

  • $355,000 asking price.
  • 4,500 square foot lot.
  • Special purpose commercial land.
  • Located at 147 S Broadway, Wells, MN 56097.
  • Two main floor commercial spaces, both leased.
  • Four second-floor apartments, all leased.

Property Details for 147 Broadway

Property type
Specialty properties, Land
Square Feet
4,500 SF

Location Insight

City
Wells
County
Faribault
State
Minnesota
Latitude
43.7432804
Longitude
-93.7251832
147 Broadway, Wells, Minnesota

FAQs

What type of property is this?
Specialty property - High-Yield Investment Opportunity: Leased Commercial Building
Where is the specialty property located?
The property is located at 147 Broadway Wells, MN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: $355,000 asking price.; 4,500 square foot lot.; Special purpose commercial land.
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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147 Broadway
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