Mixed-Use Property with Retail
New
For Sale
$414,900
123 N Minnesota Street, New Ulm, MN 56073
Commercial Sale, New Ulm, MN
Property SizeContact for details
Lot Size0.19 Acres
Days on Market3
Property Features for 123 N Minnesota Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Residential-Single Family
Parking features
Parking Lot
Subdivision
North Of Center
High school district
New Ulm
Directions
North on Broadway to 2nd North then right to Minnesota St. Then right, third building on the right
Standard status
Active
APN
00100106706060
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2146
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
basement storage
outdoor patio space
Building Details
Year built
1880
Roof type
Flat
Listing Agency:
True Real Estate
(507) 345-8783
Listed By:
Jeff Todd Dittrich
(507) 317-6259
Added: Sep 24
Last Checked: Sep 26 at 12:06AM
MLS# 7150112
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story mixed-use building combines street-level retail with upper-floor residential space. The retail area measures 1,791 square feet and has basement storage plus an outdoor patio exceeding 400 square feet. The second and third floors form a residential suite of more than 3,000 square feet, with a third-floor deck just under 400 square feet. The upper levels were previously configured as separate living spaces. A kitchen and full bathroom are on the second floor; the third has a kitchenette, full bathroom, and laundry. Central air and forced-air heat serve the property.
Built in 1880, the building sits on a 0.189-acre lot. Work completed in 2011 included replacement windows on all three floors, roof insulation and a rubber membrane, and facade tuckpointing with historically approved colors. The kitchen, dining area, and bathrooms were remodeled in 2015. A parking lot is also included.
Built in 1880, the building sits on a 0.189-acre lot. Work completed in 2011 included replacement windows on all three floors, roof insulation and a rubber membrane, and facade tuckpointing with historically approved colors. The kitchen, dining area, and bathrooms were remodeled in 2015. A parking lot is also included.
Key Highlights
- 1,791‑square‑foot ground‑floor retail space with basement storage
- Residential space of more than 3,000 square feet across the second and third floors
- Outdoor patio exceeds 400 square feet; third‑floor deck is just under 400 square feet
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Caribou Coffee
Dining
13,588 visits/mo
0.4 miles
BP
Shops & Services
7,713 visits/mo
0.4 miles
Jimmy John's
Dining
4,144 visits/mo
0.1 miles
Bank Midwest
Shops & Services
2,061 visits/mo
0.2 miles
Domino's Pizza
Dining
1,479 visits/mo
0.1 miles
Demographics for 56073, MN
17,275
Population
7,629
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
200.6 sq mi
ZIP Area
86
Density / Sq Mi
$69,698
Median Household Income
$43,643
Median Earnings
$978
Median Rent
$207,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is paired with residential quarters on the two levels above.
Where is this mixed-use property located?
The property is located at 123 N Minnesota Street New Ulm, MN.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: 1,791‑square‑foot ground‑floor retail space with basement storage; Residential space of more than 3,000 square feet across the second and third floors; Outdoor patio exceeds 400 square feet; third‑floor deck is just under 400 square feet
