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    1618 S Broadway St New Ulm, MN 56073

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    For Sale
    $622,920

    9,300 SF building in thriving New Ulm area.

    Property size:
    9,300 SF
    Lot size:
    0.57 Acres

    Property Features for 1618 S Broadway St

    General Information

    Size
    9,300 SF
    Lot size
    0.57 Acres

    Source: KW Commercial Midwest - Apple Valley Agent James Halbur

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

    Overview

    New Ulm Mixed-Use Opportunity

    This 9,300 SF building presents an opportunity for mixed-use and high-rise investors. Located in the New Ulm area, the property offers potential for expansion and return on investment. The building contains adaptable units suitable for flexible occupancy. Its design is conducive to retail or mixed-use development in the New Ulm market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.445292
    Latitude
    44.295851

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    FAQs

    What type of property is this?
    Retail space - 9,300 SF building in thriving New Ulm area.
    Where is this retail space located?
    The property is located at 1618 S Broadway St New Ulm, MN.
    What is the asking price?
    The asking price for this property is $622,920.
    What are key features of this property?
    This property features: - 9,300 SF building suitable for mixed-use or high-rise development.; - Coveted location in the thriving New Ulm area.; - Lucrative potential for high ROI.
    (507) 317-2353
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    1618 S Broadway St 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
    1618 S Broadway St New Ulm, MN 56073
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