10 1st Avenue NW Wells, MN 56097
For Sale MLS# 7016268
6,800 sq ft Commercial
Details for 10 1st Avenue NW
MLS# 7016268
Description for 10 1st Avenue NW, Wells, MN, 56097
10-unit apartment building for sale, stand alone building in Wells, MN. Self-sustained asset with recent improvements and improved tenancy. 2 studios, 4 single bedrooms, 4 two-bedrooms units. Owner laundry: washer and dryer - not coin operated. Unfinished basement used for storage and supplies. Other rental storage spaces for future opportunity. On street parking. 1 vacancy of a 2-bedroom unit currently being remodeled. Great opportunity for long tern or short term lease.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.16 Acres
Square Feet: 6,800 sq ft
Year Built: 1948
Foundation: 3,481 sq ft
Stories: 2 Stories
Subdivision: Village/Wells
Number Of Units Total: 10
Current Use: Residential
County: Faribault
Days On Market: 125
Construction Status: Previously Owned
School Information
District: 2134 - United South Central
Interior Features
Basement: Unfinished, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Common
Cooling: Window
Heating: Forced Air, Natural Gas, Baseboard, Boiler
Exterior / Lot Features
Open Parking: 10
Parking Description: On-Street Parking Only, Garage Sq Ft - 0.00
Exterior: Fiber Board, Brick/Stone
Roof: Rubber, Flat
Lot Dimensions: 70x100
Zoning: Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Land Inclusions - Building,Leases, Road Frontage - City, Paved Streets
Driving Directions
From Mankato, take MN-22 south to I-90 east, exit at MN-22 north toward Wells, then turn right onto 1st Ave NW where 10 1st Ave NW will be on your right.
Financial Considerations
Tenant Pays: Electric
Gross Income: 58249
Tax/Property ID: 302000061
Tax Amount: 6334
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web 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 Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 10 1st Avenue NW
Sales History
| Date | Price | |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 10 1st Avenue NW
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.