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308 4th St - Former Welcome Elementary School

33,716 SF Speciality Building Offered For Sale in Welcome, MN 56181

Executive Summary

Located between Sherburn and Fairmont along Interstate 90, the former Elementary School in the City of Welcome offers a prime opportunity for developers and entrepreneurs with vision. This substantial property spans over 30,000 square feet, presenting immense potential for a variety of uses.
The building’s size and layout make it adaptable to several redevelopment possibilities, including but not limited to:
Private School: Ideal for educational institutions seeking to establish a campus in a serene, accessible community.
Multifamily Housing: The expansive space could be converted into apartments or townhomes, meeting the growing demand for housing.
Assisted Living Center: The facility’s size and structure make it suitable for senior care, offering a chance to cater to an aging population in the region.
Treatment Facility: The building could also serve as a treatment or rehabilitation center, providing much-needed services in a supportive environment.
Strategically situated in a peaceful city with close proximity to neighboring urban areas, this property combines accessibility with the charm of a small-town setting. Its solid construction and ample square footage provide a strong foundation for innovative redevelopment projects.

Property Facts

Sale Type Investment or Owner User
Sale Conditions
Distress Sale
  • Development Sale
Property Type Speciality
Property Subtype Schools
Building Class C
Lot Size 3.43 AC
Building Size 33,716 SF
Number of Floors 3
Year Built 1900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
425800575
Land Assessment
£20,363
Improvements Assessment
£407,653
Total Assessment
£428,015
  • Listing ID: 34225809

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 308 4th St, Welcome, MN 56181

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