Two-Story Downtown Retail
For Sale
$429,000
119 N Minnesota St New, New Ulm, MN 56073
Well-maintained two-story retail building with basement storage and an unfinished attic for future expansion.
Property Size4,825 SF
Days on Market55
Property Features for 119 N Minnesota St New
General Information
Standard status
Active
Size
4,825 SF
Class
C
Property subtype
Street Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
4,825 SF
Year Built
1880
Stories
2
Listing Agency:
NAI North Star
(507) 380-6627
Listed By:
Cate DeBates · License ##40913079
(507) 380-6627
Source:
Thebrokerlist
Added: Jul 8
Changed: Aug 28
Last Checked: Aug 30 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI North Star
Investment Insights
Based on property information with market context.
Well-maintained two-story downtown retail building currently occupied by an established retail gift shop. The main floor features pressed-tin ceilings, exposed brick, hardwood and vinyl plank flooring, a rear skylight, and an original wood staircase, with the space fronting a tall storefront window on an active downtown block.
The second floor includes an existing kitchen, bathroom, and multiple separate rooms used for storage, with infrastructure already in place that may support upper-floor housing or additional rentable unit(s). A full basement provides extensive built-in shelving plus additional storage or utility space, while an unfinished attic level offers further expansion potential.
The property is located in the heart of downtown New Ulm, the Brown County seat and commercial hub, within a walkable historic downtown corridor.
The second floor includes an existing kitchen, bathroom, and multiple separate rooms used for storage, with infrastructure already in place that may support upper-floor housing or additional rentable unit(s). A full basement provides extensive built-in shelving plus additional storage or utility space, while an unfinished attic level offers further expansion potential.
The property is located in the heart of downtown New Ulm, the Brown County seat and commercial hub, within a walkable historic downtown corridor.
Key Highlights
- Built in 1880, this well‑maintained two‑story downtown building is currently home to an established retail gift shop.
- Main floor features pressed‑tin ceilings, exposed brick, hardwood and vinyl plank flooring, a rear skylight, and an original wood staircase.
- Second floor includes an existing kitchen, bathroom, and multiple separate rooms used for storage, with infrastructure in place for conversion or additional rentable unit(s).
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
Jimmy John's
Dining
4,144 visits/mo
0.3 miles
Bank Midwest
Shops & Services
2,061 visits/mo
0.1 miles
Domino's Pizza
Dining
1,479 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained two-story retail building with basement storage and an unfinished attic for future expansion.
Where is this storefront property located?
The property is located at 119 N Minnesota St New New Ulm, MN.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Built in 1880, this well‑maintained two‑story downtown building is currently home to an established retail gift shop.; Main floor features pressed‑tin ceilings, exposed brick, hardwood and vinyl plank flooring, a rear skylight, and an original wood staircase.; Second floor includes an existing kitchen, bathroom, and multiple separate rooms used for storage, with infrastructure in place for conversion or additional rentable unit(s).
