701 Broadway StNew Ulm, MN 56073

Property Details for 701 Broadway St

Year built

2009

Property size (Sq ft)

8,050 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

001.001.098.01.010

APU

100109801010

Description

This exceptional free-standing retail building, located at 701 N Broadway St in New Ulm, Minnesota, offers 8,098 square feet of space, with 2,625 square feet currently available for lease. Situated on a 0.8-acre lot (34,750 square feet), this property boasts excellent visibility at the west corner of 7th N St and N Broadway St, a key location within New Ulm's established business district. The building features ample on-site parking with over 40 spaces, ensuring convenient access for customers and employees. This well-maintained property has served as a retail staple in the community for years, benefiting from strong landmark recognition and excellent signage opportunities. The multiple tenancy structure allows for flexibility, and the available space is ideal for a variety of retail or office uses. The property's location in Brown County, Minnesota, zip code 56073, provides easy access to local amenities and a thriving customer base. This is a remarkable opportunity to establish or expand a business in a high-traffic area with significant visibility and ample parking. The building's history as a successful retail location offers a proven track record and immediate brand recognition.

• CAP approach

  CAP return

  Valuation

  6%

  $1,325,119

  6.5%

  $1,223,186

  7%

  $1,135,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,872

  Geo Method

  $410,872

• Alternative Use

  Use

  Valuation

  Residential

  $1,516,751

  Hospitality

  $1,389,336

  Educational

  $1,155,911

  Medical

  $1,195,665

  Retail

  $1,798,084

Location Insight

City

New Ulm

County

Brown

State

Minnesota

Latitude

44.3196

Longitude

-94.4677

CBSA code

35580

CBSA name

NEW ULM, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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