Building Details

Year Built 1977

Listing Agency: NAI North Star d***@nainorthstar.com Show Phone

Listed By: David Schooff · License #MN #40137517 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 10 Last Checked: Aug 20 at 5:12AM

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Investment Insights

Based on property information with market context.

This move-in ready space is suitable for medical, retail, service, or specialty users. The property is located in a Hy-Vee-anchored strip center along New Ulm’s primary commercial corridor, benefiting from strong daily traffic and established co-tenancy. The space features a medical-style layout, including 7+ patient/exam rooms with plumbing and sinks in most rooms, and a large front office/reception area. Additional features include an ADA-compliant restroom, dedicated back storage area, water softener system, and fully carpeted interiors. Expansive front windows provide natural light and storefront visibility. The property offers ample on-site parking, convenient access, and prominent signage exposure. A newly resurfaced parking lot (approximately $600,000+) and lighted signage opportunity are available. This location is ideal for professional service providers seeking turnkey space in a proven shopping destination.

Key Highlights

• Move‑in ready with 7+ patient/exam rooms, perfect for medical, dental, or veterinary practices
• Located in a high‑visibility retail space within a Hy‑Vee‑anchored strip center on New Ulm’s primary commercial corridor
• Plumbing and sinks in the majority of rooms, supporting efficient clinical operations

Property Analytics

Property Profile

Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

153

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - High-visibility retail space in Hy-Vee-anchored strip center.

Where is this medical office space located?

The property is located at 2023 S Broadway St New Ulm, MN.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: Move‑in ready with 7+ patient/exam rooms, perfect for medical, dental, or veterinary practices; Located in a high‑visibility retail space within a Hy‑Vee‑anchored strip center on New Ulm’s primary commercial corridor; Plumbing and sinks in the majority of rooms, supporting efficient clinical operations