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    100 State Ave S New Germany, MN 55367

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    For Sale
    $400,000

    Five-unit residential building in New Germany, renovated in 2010.

    Property size:
    3,792 SF
    Lot size:
    0.13 Acres

    Property Features for 100 State Ave S

    General Information

    Size
    3,792 SF
    Lot size
    0.13 Acres

    Source: Edina Realty Inc - Minnetonka Agent Ed J Hanlon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Five-Unit Residential Building

    This five-unit residential building, located in New Germany, presents a lucrative investment opportunity. The property underwent a complete interior renovation in 2010, which included updates to the kitchens, bathrooms, electric, plumbing, flooring, doors, door jambs, windows, and door and window frame molding. Each unit has separate forced air HVAC, electric, and gas meters. The building offers a potential expansion or storage space of 450 square feet on the main level. Parking is available for 12 cars. A slab is in place for a future two-car garage, plumbed for a heated floor. Additionally, there is a side yard suitable for a communal garden. The property is adjacent to the Dako. The building has a total size of 3792 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Auto Repair Shop Grocery Store HVAC Service Bar & Pub Home Appliance Store Plumbing Service Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    New Germany
    County
    Carver
    State
    Minnesota
    Longitude
    -93.970445
    Latitude
    44.884395

    FAQs

    What type of property is this?
    Apartment building - Five-unit residential building in New Germany, renovated in 2010.
    Where is this apartment building located?
    The property is located at 100 State Ave S New Germany, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Five-unit residential building offers a lucrative investment opportunity.; - Complete interior renovation in 2010 including kitchens, bathrooms, electric, plumbing, flooring, doors, windows, and molding.; - Each unit has separate forced air HVAC and separate electric and gas meters.
    (612) 369-2287
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    100 State Ave S New Germany, MN 55367
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    New Germany, MN 55367
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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
    100 State Ave S New Germany, MN 55367
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