$100,000

145 W Franklin St Wells, MN 56097

Estimated payment $623/month

0.2 Acre
$500,000 Price per Acre
8,712 Sq Ft Lot

About This Lot

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!

Please contact LandProz Associate Broker & Agent Realtor Jen Busch at 507-923-7657 for more information or to set up a showing.

PROPERTY FEATURES
Address: 145 W Franklin Street, Wells MN 56097
11,346 Total Sq. Ft.
Commercial kitchen
New Kitchenette on main level
All equipment included in sale
All new HVAC [within the last 6 years]
Bar area
Event spaces
Elevator [installed in last 10 years]
Pool table, Jukebox, ATM & Dart boards are all rented
Lot & street parking
History of dart teams, beanbags, meat raffles, band nights
Real Estate Taxes $1,258, with tax preferential treatment

Listing Agent

LandProz LandProz

LandProz Real Estate, LLC Listed on: 10/28/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,066

Lot Details

  • Current uses include commercial
  • Potential uses include commercial

Property Details

Property Type

Land

Est. Annual Taxes

$3,066

Lot Details

0

Listing Details

  • Office Phone: 507-639-0827
  • Listing Website: https://www.land.com/property/0.2-acre-in-faribault-county-minnesota/25352871/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: Commercial
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Commercial

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,066 $152,900 $18,600 $134,300
2024 $2,796 $144,700 $15,500 $129,200
2023 $1,258 $134,900 $5,700 $129,200
2022 $1,450 $53,900 $5,700 $48,200
2021 $1,400 $55,200 $5,700 $49,500
2020 $1,472 $55,200 $5,700 $49,500
2019 $1,292 $55,200 $5,700 $49,500
2018 $1,250 $48,600 $5,900 $42,700
2017 $1,668 $48,600 $5,900 $42,700
2015 $1,458 $48,600 $5,900 $42,700
2013 -- $48,600 $5,900 $42,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2025 10/28/25 For Sale $100,000 -- --
Minnesota Faribault County Wells 56097

145 W Franklin St, Wells, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
LandProz LandProz
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LandProz Real Estate, LLC
(507) 639-0827