{"id":536633,"date":"2026-03-31T06:01:00","date_gmt":"2026-03-31T11:01:00","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/145-w-franklin-st\/"},"modified":"2026-03-31T06:01:01","modified_gmt":"2026-03-31T11:01:01","slug":"145-w-franklin-st","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/145-w-franklin-st\/","title":{"rendered":"Downtown Commercial Building for Sale in Wells, MN"},"content":{"rendered":"<p><!--StartFragment--><\/p>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Downtown Commercial Building for Sale in Wells, MN | Former American<br \/>\nLegion<\/span><\/strong><\/h2>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">9000+ Sq Ft Commercial Property with Elevator &#038; Commercial Kitchen<\/span><\/strong><\/h2>\n<p>Located at <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">145 Franklin Street in downtown Wells, Minnesota<\/span><\/strong>, this <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">9000+ square<br \/>\nfoot commercial building<\/span><\/strong> offers a rare opportunity to purchase<br \/>\na large, well-maintained property with a history as a community gathering<br \/>\nspace. Formerly operated as the <strong><span style=\"font-family:\"Aptos\",sans-serif;\nmso-bidi-font-family:Aptos\">American Legion<\/span><\/strong>, the building is<br \/>\nnow closed and ready for new ownership, redevelopment, or continued commercial<br \/>\nuse.<\/p>\n<p>The property previously operated as a <strong><span style=\"font-family:\"Aptos\",sans-serif;\nmso-bidi-font-family:Aptos\">tavern and event venue<\/span><\/strong> and held a <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">liquor<br \/>\nlicense<\/span><\/strong>, making it well suited\u2014subject to city and state<br \/>\napprovals\u2014for a variety of future uses including a bar or restaurant, event<br \/>\ncenter, nonprofit facility, office space, or other commercial purposes.<\/p>\n<div class=\"MsoNormal\" align=\"center\" style=\"text-align:center\">\n<hr size=\"2\" width=\"100%\" align=\"center\">\n<\/div>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Building Features &#038; Improvements<\/span><\/strong><\/h2>\n<p>This solid commercial structure offers multiple levels of finished space<br \/>\ndesigned for high occupancy and flexible use:<\/p>\n<ul type=\"disc\">\n<li>Over 9,000<strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">\u00a0square<br \/>\n     feet<\/span><\/strong> of finished interior space<\/li>\n<li>Main-level gathering<br \/>\n     and bar area<\/li>\n<li><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">Commercial<br \/>\n     kitchen<\/span><\/strong> located in the basement<\/li>\n<li>Basement space ideal<br \/>\n     for meetings, banquets, or events<\/li>\n<li><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">Elevator<\/span><\/strong><br \/>\n     providing access between floors<\/li>\n<li>Updated <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">HVAC<br \/>\n     system<\/span><\/strong><\/li>\n<li>Electrical upgrades<br \/>\n     including circuit breaker panels<\/li>\n<li>Updated flooring and<br \/>\n     ceiling tiles<\/li>\n<li>Main-floor kitchenette<br \/>\n     with exhaust system<\/li>\n<\/ul>\n<p>The sale includes <strong><span style=\"font-family:\"Aptos\",sans-serif;\nmso-bidi-font-family:Aptos\">most owned equipment<\/span><\/strong>, providing a<br \/>\nstrong starting point for buyers looking to reopen or repurpose the building.<\/p>\n<div class=\"MsoNormal\" align=\"center\" style=\"text-align:center\">\n<hr size=\"2\" width=\"100%\" align=\"center\">\n<\/div>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Utilities &#038; Operations<\/span><\/strong><\/h2>\n<ul type=\"disc\">\n<li>Average annual<br \/>\n     utilities approximately <strong><span style=\"font-family:\"Aptos\",sans-serif;\n     mso-bidi-font-family:Aptos\">$4,300\u00a0<\/span><\/strong><\/li>\n<li><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">Property<br \/>\n     Taxes per year $3066 2026<\/span><\/strong><\/li>\n<li>Potential for <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">pull-tab<br \/>\n     space rental<\/span><\/strong> for additional income, subject to licensing<\/li>\n<\/ul>\n<div class=\"MsoNormal\" align=\"center\" style=\"text-align:center\">\n<hr size=\"2\" width=\"100%\" align=\"center\">\n<\/div>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Prime Downtown Wells Location<\/span><\/strong><\/h2>\n<p>This property is located in the heart of <strong><span style=\"font-family:\n\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">Wells, MN<\/span><\/strong>, near<br \/>\nthe historic <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Wells Depot Museum<\/span><\/strong>, and benefits from visibility and<br \/>\naccessibility within the downtown district. Wells serves southern Minnesota and<br \/>\nis conveniently located near regional highways, supporting both local and<br \/>\ndestination-based businesses.<\/p>\n<div class=\"MsoNormal\" align=\"center\" style=\"text-align:center\">\n<hr size=\"2\" width=\"100%\" align=\"center\">\n<\/div>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Financing Assistance Opportunities<\/span><\/strong><\/h2>\n<p>Qualified buyers are encouraged to explore <strong><span style=\"font-family:\n\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">down payment assistance loan<br \/>\nprograms<\/span><\/strong> that may be available through the <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">City of Wells<br \/>\nEDA<\/span><\/strong> and <strong><span style=\"font-family:\"Aptos\",sans-serif;\nmso-bidi-font-family:Aptos\">Faribault County<\/span><\/strong>, helping reduce<br \/>\nupfront capital requirements.<\/p>\n<div class=\"MsoNormal\" align=\"center\" style=\"text-align:center\">\n<hr size=\"2\" width=\"100%\" align=\"center\">\n<\/div>\n<h2><strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:\nAptos\">Summary<\/span><\/strong><\/h2>\n<p>With size, infrastructure, and a central downtown location, <strong><span style=\"font-family:\"Aptos\",sans-serif;mso-bidi-font-family:Aptos\">145 Franklin<br \/>\nStreet<\/span><\/strong> presents a versatile commercial opportunity at an<br \/>\nattractive price point. Whether repurposed as a business, event space, or<br \/>\ncommunity facility, this Wells, MN property offers long-term potential in<br \/>\nsouthern Minnesota.<\/p>\n<p><!--EndFragment--><\/p>\n<p><!--Features--><\/p>\n<div style=\"width: 1000px;\">\n<p><strong>PROPERTY HIGHLIGHTS:<\/strong><\/p>\n<table class=\"prop_table\" style=\"width: 1000px; ,border: 0px #fff;\">\n<tbody>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>Commercial Building for Sale<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Investment Opportunity in MN<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Commercial Property for Sale<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Businesses for Sale<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>MN Business for Sale<\/td>\n<td><i class=\"fa fa-check\"> <\/i>MN Investment Opportunity<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Minnesota Building for Sale<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Commercial Property<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>MN Commercial Property<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Business for Sale in MN<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Bed &#038; Breakfast \/ Lodges<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Investment &#038; Income<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Downtown Commercial Building for Sale in Wells, MN | Former American Legion 9000+ Sq Ft Commercial Property with Elevator &#038; Commercial Kitchen Located at 145 Franklin Street in downtown Wells, Minnesota, this 9000+ square foot commercial building offers a rare opportunity to purchase a large, well-maintained property with a history as a community gathering space. Formerly operated as the American Legion, the building is &#8230;<\/p>\n","protected":false},"featured_media":536640,"comment_status":"closed","ping_status":"closed","template":"","property_category":[8687],"property_action_category":[8851],"property_city":[941],"property_area":[9915],"property_county_state":[16],"property_features":[],"property_status":[7427],"class_list":["post-536633","estate_property","type-estate_property","status-publish","has-post-thumbnail","hentry","property_category-united-states","property_action_category-commercial","property_city-wells","property_area-faribault","property_county_state-minnesota","property_status-active"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Downtown Commercial Building for Sale in Wells, MN<\/title>\n<meta name=\"description\" content=\"Downtown Commercial Building for Sale in Wells, MN | Former American Legion 9000+ Sq Ft Commercial Property with Elevator &amp; 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