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    1720 Westridge Rd New Ulm, MN 56073

    Sponsored
    For Sale
    Contact for pricing

    Walmart Outlot, Land Lease Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land opportunity presents three parcels available for lease in New Ulm, Minnesota's thriving Super Center Square retail corridor. The parcels, ranging from 1.12 to 1.29 acres, are situated in a high-traffic location shadow-anchored by a Walmart Supercenter and Menards, ensuring significant visibility and customer access. The property boasts a B-3, Community Business District zoning designation, offering flexibility for a variety of commercial uses. The site benefits from a signalized entrance to the center, providing convenient and safe access for customers. Located near downtown New Ulm, this location draws a substantial customer base from the surrounding communities. Parcel APNs are #00191800201010, #00191800202020, and #00191800203030. This is an ideal location for businesses seeking high visibility and strong customer traffic in a well-established retail area. The property's strategic placement within a major retail center, coupled with its convenient access and desirable zoning, makes it a compelling investment opportunity. Contact us today to learn more about this exceptional land lease opportunity in New Ulm, Minnesota.

    Property Features for 1720 Westridge Rd

    General Information

    Property type
    Land
    Lot Size
    48,787 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.50339549
    Latitude
    44.32814882

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    FAQs

    What type of property is this?
    Land - Walmart Outlot, Land Lease Opportunity
    Where is this land located?
    The property is located at 1720 Westridge Rd New Ulm, MN.
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    1720 Westridge Rd 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
    1720 Westridge Rd New Ulm, MN 56073
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