Financial
Distress signals
Property profile

1621 Minnesota St New Ulm, MN 56073

OFF-MARKET
Flex space
Property ID
US46-2235310
4,320 SF Built 2004
Last sale Sep 2021 · $200,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$100k
Assessed land$33k
Assessed improvement$67k
Effective rate1.84%

Value estimate

· Sep 2026
$215k
$194k – $237k
AI approach$200k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$46/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$21 – $72

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I1
JurisdictionBROWN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.9
Restaurant17.1
Law Firm17.0

Location

1621 Minnesota St New Ulm, MN 56073-1256
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
800 Vly, New Ulm, MN 56073 $80,000 May 2024 4,032 SF
13258 County Rd 25th, New Ulm, MN 56073 $78,921 Apr 2024 2,880 SF
24791 Essig, Essig, MN 56073-5900 $75,000 Feb 2022 6,760 SF
1227 Water, New Ulm, MN 56073 $350,000 Aug 2021 3,200 SF
1815 Minnesota, New Ulm, MN 56073-1258 $156,750 Jun 2020 2,700 SF
13144 County Rd 25, New Ulm, MN 56073-5190 $91,800 Jul 2019 7,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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