63-Room Microtel
For Sale
Contact for pricing
424 20th S St, New Ulm, MN 56073
Recently updated, three-story lodging property operating under the Microtel Inn & Suites brand.
Property SizeContact for details
Days on Market147
Property Features for 424 20th S St
General Information
Standard status
Active
Property subtype
Hospitality
Building Details
Year Built
2001
Year Renovated
2026
Buildings
1
Stories
3
Listing Agency:
Timm & Associates Inc
Listed By:
Greg Timm · License #MN 78241289654
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 31 at 8:10PM
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 Timm & Associates Inc
Investment Insights
Based on property information with market context.
The property is a 63-room hotel operating as Microtel Inn & Suites. Constructed in 2001, the three-story building received substantial updates completed in early 2025. The improvements support the existing branded lodging format and are intended to limit the scope of property improvement work anticipated for a new owner.
The hotel is located at 424 20th S St in New Ulm, Minnesota. Its current configuration includes the brand’s full amenity package, while the property also offers flexibility for a future repositioning strategy.
The hotel is located at 424 20th S St in New Ulm, Minnesota. Its current configuration includes the brand’s full amenity package, while the property also offers flexibility for a future repositioning strategy.
Key Highlights
- 63‑room hotel operating as Microtel Inn & Suites
- Renovation work completed in early 2025
- Three‑story hotel building constructed in 2001
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Hotel - Recently updated, three-story lodging property operating under the Microtel Inn & Suites brand.
Where is this hotel located?
The property is located at 424 20th S St New Ulm, MN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 63‑room hotel operating as Microtel Inn & Suites; Renovation work completed in early 2025; Three‑story hotel building constructed in 2001
