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Description
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.
The 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.
Building Features & Improvements
Over 9000 sq ft of finished space upper and lower level.
Main-level bar / gathering area
Commercial kitchen located in the basement
Basement space suitable for meetings or events
Elevator providing access between levels
Updated HVAC system
Electrical upgrades including circuit breaker boxes
Updated flooring and ceiling tiles
Main-floor kitchenette with exhaust system
The sale includes most owned equipment, offering a strong foundation for a buyer looking to reopen or repurpose the space.
Utilities & Operating Notes
Average utilities approximately $4,300 per year
Liquor and gambling licenses may be negotiable (buyer to verify)
Potential opportunity for pull-tab space rental for supplemental income, subject to approvals
Location
Situated 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.
Financing Assistance
Buyers 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.
Summary
This 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.
Location
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By conducting a property search on this site, user agrees to EULA found on: http://www.northstarmls.com/wp-content/uploads/2015/08/EULA.pdf Updated: 20th April, 2026 5:32 PM (UTC)
Listing Office: Midwest Home And Farm Realty
























































































































