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    123 N Minnesota St N New Ulm, MN 56073

    For Sale
    $424,900

    Commercial - New Ulm, MN

    Lot size:
    0.09 Acres
    Days on Market:
    157
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 123 N Minnesota St N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    00100106706060
    Parking features
    Parking Lot
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1880
    Architectural style
    Other

    The True Team Inc (507) 317-6259 [email protected]

    Listing agent Jeff Todd Dittrich (507) 317-6259

    Listing date Jul 10, 2025

    MLS# 6752233 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in New Ulm

    This mixed-use property is located in New Ulm, MN. The main floor features 1791 square feet of commercial space, with an additional 1791 square feet in the basement, which is described as dry and clean. The upper two floors are purposed for residential use. The lot size is 0.0947 acres. The zoning is designated for business and commercial activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.461001
    Latitude
    44.314853

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 123 N Minnesota St N New Ulm, MN.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Enjoy 1791 sq ft of living space on the main floor, with an additional 1791 sq ft in the basement; - The basement is dry, neat, and clean; - Central Air conditioning
    (507) 317-6259
    Request Owner's contact information
    123 N Minnesota St N New Ulm, MN 56073
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    New Ulm, MN 56073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 N Minnesota St N New Ulm, MN 56073
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