Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    209 S Minnesota St New Ulm, MN 56073

    For Sale
    $460,000

    Commercial - New Ulm, MN

    Lot size:
    0.19 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 209 S Minnesota St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    16
    APN
    00100206312120
    Parking features
    Unassigned
    Exterior features
    Brick/Stone
    Appliances
    Range, Refrigerator
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Other (Heating), Steam
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1947
    Building materials
    Brick, Concrete
    Roof type
    Flat
    Architectural style
    Other

    Keller Williams Premier Realty Rochester (507) 424-4422 [email protected]

    Listing agent Sofia Engel (507) 424-4422

    Listing date Nov 25, 2025

    MLS# 6820873 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

    New Ulm Apartment Building Investment

    This 12-unit apartment building presents an excellent investment opportunity in downtown New Ulm. The property offers both immediate income and strong value-add potential. Currently, six units are leased, providing in-place revenue. Of the remaining six units, three require minor updates to become rent-ready. One unit has been fully gutted and is ready for a complete build-out, while two require more extensive repairs. The property is located in a convenient downtown setting close to amenities, offering long-term rental demand and solid upside for an investor ready to complete the renovations. The property is priced to reflect the work needed, making it an ideal value-add opportunity. The lot size is 0.1894 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -94.456309
    Latitude
    44.311101

    Nearby Similar for Sale

    • $156,900
      1,567 SF

      New Ulm Duplex Investment

      Duplex in New Ulm, MN with tenant occupied units.
      623 N Broadway St, New Ulm, MN 56073
      View Details
    • $424,900
      0.09 Acres

      Mixed-Use Property in New Ulm

      Mixed-use property featuring commercial space and residential units.
      123 N Minnesota St N, New Ulm, MN 56073
      View Details
    • New
      $460,000

      New Ulm Multifamily Investment Opportunity

      12-unit apartment building in downtown New Ulm with value-add potential.
      209 S Minnesota St, New Ulm, MN 56073
      View Details
    • $524,900
      7.00 Acres

      New Ulm Acreage with Outbuildings

      13-acre property featuring a house and multiple outbuildings.
      19415 170Th St, New Ulm, MN 56073
      View Details
    • $179,000
      1.32 Acres

      New Ulm Industrial Site

      Industrial site with truck and cold storage near MN River.
      317 Water St N, New Ulm, MN 56085
      View Details
    • $310,000
      0.19 Acres

      Downtown New Ulm Commercial Opportunity

      High-visibility commercial property in historic downtown New Ulm.
      214 N Minnesota St, New Ulm, MN 56073
      View Details

    FAQs

    What type of property is this?
    Apartment building - 12-unit apartment building with income and value-add potential.
    Where is this apartment building located?
    The property is located at 209 S Minnesota St New Ulm, MN.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Value-add opportunity with significant upside potential through renovation of vacant units.; - Immediate income from six currently leased units.; - Convenient downtown New Ulm location close to amenities.
    (507) 424-4422
    Request Owner's contact information
    209 S Minnesota St New Ulm, MN 56073
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    209 S Minnesota St
    New Ulm, MN 56073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    209 S Minnesota St New Ulm, MN 56073
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.