For Sale: Wells MLS# 7027201
Active
NEW!
$65,900
Single Family: 1.5 Stories
1 ba • Built 1910
1,540 sqft • 0.06 acres
MLS# 7027201
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Property Description
If you’ve been waiting for the right opportunity at the right price, THIS IS IT!
Bring your vision to life – starting with a charming, versatile, highly visible, well-maintained building in the heart of downtown Wells. Perfect for launching a new venture or relocating your growing business!
Location, Location, Location!
Perfectly positioned right on Broadway, your storefront sits in the center of it all. Built-in foot traffic from neighboring favorites — the movie theatre across the street, cozy coffee shops, bakery, post office, restaurants, fitness center, secondhand store, vehicle repair, gas station, and more — all just steps away.
Wells is a thriving small town and known for its friendly, supportive business community where neighbors help neighbors. The city shines year-round with beautifully maintained streets, colorful hanging flower baskets, bright lights and exceptional snow removal that keeps business flowing in every season.
A Town That Draws a Crowd
Wells knows how to attract people downtown! Many annual events such as Wells Kernel Days, Glow Golf Tourn, Wells Does It Bright, Summer in the City, and more that create impressive traffic and exposure for local business. Wells population is approx 2, 400 with major local employers such as Brakebush, Wells Concrete, Herman Mfg, Wells Market Place and more providing a steady customer base. Also conveniently located just 40 min from Mankato and 25 min from Albert Lea.
The Space: Flexible, Functional & Full of Potential
Main Level Highlights:
• Inviting front showroom perfect for retail or professional offices
• Large display windows to beautifully showcase your products or services
• Spacious bathroom
• Expansive back area ideal for additional retail space, or private offices and conference room
• Small kitchenette area for staff convenience
• Central air & forced heat
• Built in cabinets and counters stay
Upper Level:
• 660 sq. ft. unfinished space
• Three large windows offering incredible natural light
• Excellent opportunity for future office build-out or additional storage
• No roof leaks
Outdoor Bonus:
• Impressive backyard space perfect for picnic tables, grilling, extra parking, or creative expansion ideas
Basement:
• Unfinished but solid and dry
• Bathroom plumbing hookups in place
• Great storage space
• No water issues
Thoughtful Upgrades Over the Years
• 2023 – New Water Heater
• 2023 – Partial Roof Replacement
• 2020 – New Central Air
• 2020 – Metal roofing installed where skylight once was
• 2018 – Stabilizing jacks added in basement
• 2016 – Tuck pointing completed
• 2012 – New Front Door
• 2011 – Spray insulation in basement + extended exterior drains
• 2009 – New Furnace
Listing
Listing Status:
Active
Contingency:
None
List Price:
$65,900
Price per sq ft:
$43
Property Type:
Single Family
City:
Wells
Garage Spaces:
0
County:
Faribault
Year Built:
1910
State:
MN
Property Style:
1.5 Stories
Zip Code:
56097
Subdivision Name:
Wells
Interior
Bedrooms:
0
Bathrooms:
1
Finished Area:
1,540 ft2
Total Fireplaces:
0
Living Area:
1,540 ft2
Common Wall:
No
Basement Details:
- Block
- Owner Access
- Storage Space
- Unfinished
Exterior
Stories:
One and One Half
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,540 ft2
Foundation Dimensions:
70' X 22'
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Gravel
- Other
Rooms
1/4 Baths:
1
Full Baths:
None
Half Baths:
None
3/4 Baths:
None
Lot & Land
Acres:
0.06
Geolocation:
43.743457, -93.725922
Lot Dimensions:
20 x 140
Zoning:
Business/Commercial
Schools
School District:
1041
District Phone:
5075533134
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$983
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,052
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Electric
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of HomeProz Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.