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    1501 Broadway St New Ulm, MN 56073

    Sponsored
    For Lease
    $9 SF/Yr ($2,498 /Mo)

    High-visibility corner lot, 3,084 sq ft.

    Lot size:
    3,084 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 1501 Broadway St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,084 SF
    Class
    B
    Total Rate
    2498.04

    Building Details

    Year Built
    1967
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,084 SF
    Rate per SF
    $9

    HighLights

    • Prime corner lot at 1501 N Broadway St, New Ulm, MN, with high visibility and 15,890 daily vehicle counts.
    • 3,084 SF, two‑building retail/restaurant space, currently vacant.
    • Class B property built in 1967, offering flexible layout for various uses.
    • Ample 32‑space parking lot.
    • Easy build‑out for quick occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.4747254
    Latitude
    44.3273311

    Nearby Comparable

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    Nearby Similar for Lease

    • $10 SF/Yr
      2,720 SF

      Retail Space on Broadway Street

      Retail property for rent with customizable work areas.
      2015 Broadway St S, New Ulm, MN 56073
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-visibility corner lot, 3,084 sq ft.
    Where is this restaurant located?
    The property is located at 1501 Broadway St New Ulm, MN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Prime corner lot at 1501 N Broadway St, New Ulm, MN, with high visibility and 15,890 daily vehicle counts.; 3,084 SF, two-building retail/restaurant space, currently vacant.; Class B property built in 1967, offering flexible layout for various uses.
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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
    1501 Broadway St New Ulm, MN 56073
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