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Property profile & analytics
FOR SALE
Drive through restaurants

1501 North Broadway St New Ulm, MN 56073

1,362 SF Built 1967
Individually Owned Absentee Owner Free & Clear
Property ID
US46-2612889
Property summary
AI-generated overview

This exceptional retail or restaurant opportunity is located at 1501 N Broadway St, New Ulm, MN 56073, on a 0.38-acre corner lot at the intersection of Broadway Street and 15th Street. The property boasts high visibility and excellent traffic counts, with a current daily average of 15,890 vehicles passing by. The property consists of two single-story buildings totaling 3,084 square feet, currently vacant and ready for immediate occupancy. Built in 1967, the property is classified as Class B and offers a flexible layout suitable for a variety of uses, including professional services, restaurants, retail, or office space. The ample 32-parking space lot ensures convenient access for customers and employees. The property's single-tenant occupancy provides a unique opportunity for a business seeking a prominent location with high traffic exposure. The ease of build-out makes this an attractive option for businesses looking to quickly establish their presence in a thriving community. This is a rare chance to secure a prime location in a high-traffic area with significant potential for growth.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1967
Total area 1,362 SF
Zoning code C2
APN 001.001.090.01.010
UPID US46-2612889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
SHELLY L WINTER
SHELLY L WINTER
Zoning & alternative use
C2 · New Ulm, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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