MLS# 7014425 - 145 W Franklin Street Wells, MN 56097

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Midwest Home and Farm Realty is the brokerage office representing the seller for this listing.

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Bay Lake Realty is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Bay Lake Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

{"Id":532222,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7014425","MLSAGENTID":"NST503513727","MLSOFFICEID":"NST253243","ADDRESS":"145 W Franklin Street","ACRES":0.2,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Block,Full","CITY":"Wells","CONTINGENCY":"None","COUNTY":"Faribault","CURRENTUSE":"Event Space,Restaurant,Bar/Tavern","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Block,Brick","FORECLOSURE":"No","LASTPRICE":100000.0,"LASTPRICEDATE":"2026-03-24T14:49:05.81","LATITUDE":43.74543099,"LENDEROWNED":"No","LISTDATE":"2026-01-29T06:00:00","LISTPRICE":100000.0,"LIVINGAREA":9052.0,"LONGITUDE":-93.72749198,"MODIFICATIONTIMESTAMP":"2026-03-24T14:49:05.81","OFFICE_OFFICENAME":"Midwest Home and Farm Realty","PHOTOCOUNT":38,"POSTALCODE":"56097","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"This commercial building located at 145 Franklin Street in downtown Wells, Minnesota presents a versatile opportunity for business owners, investors, or community organizations. Formerly operated as the American Legion, the building is now closed and ready for new ownership and redevelopment.\nThe property previously held a liquor license and was used as a tavern, meeting space, and event venue. Subject to city and state approvals, future uses may include a bar or restaurant, event center, nonprofit facility, office space, or mixed-use commercial property.\n\nBuilding Features & Improvements\nOver 9000 sq ft of finished space upper and lower level. \n\nMain-level bar / gathering area\n\nCommercial kitchen located in the basement\n\nBasement space suitable for meetings or events\n\nElevator providing access between levels\n\nUpdated HVAC system\n\nElectrical upgrades including circuit breaker boxes\n\nUpdated flooring and ceiling tiles\n\nMain-floor kitchenette with exhaust system\n\nThe sale includes most owned equipment, offering a strong foundation for a buyer looking to reopen or repurpose the space.\n\nUtilities & Operating Notes\n\nAverage utilities approximately $4,300 per year\n\nLiquor and gambling licenses may be negotiable (buyer to verify)\n\nPotential opportunity for pull-tab space rental for supplemental income, subject to approvals\n\nLocation\nSituated in downtown Wells, the building is located near the Wells Depot Museum and benefits from a visible, central location within the community. Wells offers convenient access to surrounding southern Minnesota communities and regional highways.\n\nFinancing Assistance\nBuyers are encouraged to inquire with the City of Wells EDA and Faribault County regarding possible down payment assistance loan programs, which may be available to qualified buyers.\n\nSummary\nThis downtown Wells commercial property offers size, infrastructure, and flexibility at an affordable price point. With a history as a successful community gathering space and recent mechanical and interior updates, 145 Franklin Street is well suited for redevelopment or continued commercial use. Buyer to verify zoning, licensing, and permitted uses.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Rubber","SALEINCLUDES":"Building,Fixture/Equipment","SCHOOLDISTRICTNUMBER":"1041-United South Central","SCHOOLDISTRICTPHONE":"5075533134","SEWER":"City Sewer - In Street","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-03-24T14:49:05.81","LASTSTATUS":"Active","STREETDIRPREFIX":"W","STREETNAME":"Franklin","STREETNUMBER":"145","STREETSUFFIX":"Street","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1949,"ZONING":"Business/Commercial,Other","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-01-29T19:05:06.215","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"1.jpeg\"},{\"Order\":2,\"Remarks\":\"2.jpeg\"},{\"Order\":3,\"Remarks\":\"3.jpeg\"},{\"Order\":4,\"Remarks\":\"4.jpeg\"},{\"Order\":5,\"Remarks\":\"5.jpeg\"},{\"Order\":6,\"Remarks\":\"6.jpeg\"},{\"Order\":7,\"Remarks\":\"7.jpeg\"},{\"Order\":8,\"Remarks\":\"8.jpeg\"},{\"Order\":9,\"Remarks\":\"9.jpeg\"},{\"Order\":10,\"Remarks\":\"10.jpeg\"},{\"Order\":11,\"Remarks\":\"11.jpeg\"},{\"Order\":12,\"Remarks\":\"12.jpeg\"},{\"Order\":13,\"Remarks\":\"17.jpeg\"},{\"Order\":14,\"Remarks\":\"IMG_2370.jpeg\"},{\"Order\":15,\"Remarks\":\"IMG_2375.jpeg\"},{\"Order\":16,\"Remarks\":\"IMG_2377.jpeg\"},{\"Order\":17,\"Remarks\":\"13.jpeg\"},{\"Order\":18,\"Remarks\":\"14.jpeg\"},{\"Order\":19,\"Remarks\":\"15.jpeg\"},{\"Order\":20,\"Remarks\":\"IMG_2355.jpeg\"},{\"Order\":21,\"Remarks\":\"IMG_2356.jpeg\"},{\"Order\":22,\"Remarks\":\"16.jpeg\"},{\"Order\":23,\"Remarks\":\"IMG_2400.jpeg\"},{\"Order\":24,\"Remarks\":\"IMG_2381.jpeg\"},{\"Order\":25,\"Remarks\":\"IMG_2390.jpeg\"},{\"Order\":26,\"Remarks\":\"IMG_2384.jpeg\"},{\"Order\":27,\"Remarks\":\"18.jpeg\"},{\"Order\":28,\"Remarks\":\"IMG_2382.jpeg\"},{\"Order\":29,\"Remarks\":\"IMG_2383.jpeg\"},{\"Order\":30,\"Remarks\":\"IMG_2385.jpeg\"},{\"Order\":31,\"Remarks\":\"IMG_2389.jpeg\"},{\"Order\":32,\"Remarks\":\"IMG_2387.jpeg\"},{\"Order\":33,\"Remarks\":\"IMG_2388.jpeg\"},{\"Order\":34,\"Remarks\":\"IMG_2352 2.jpeg\"},{\"Order\":35,\"Remarks\":\"IMG_2378.jpeg\"},{\"Order\":36,\"Remarks\":\"IMG_2380.jpeg\"},{\"Order\":37,\"Remarks\":\"IMG_2379.jpeg\"},{\"Order\":38,\"Remarks\":\"IMG_2353 2.jpeg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38","SOURCE":"MG_NST"}

MLS# 7014425 - 145 W Franklin Street Wells, MN 56097

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