Financial
Distress signals
Property profile

209 Minnesota St New Ulm, MN 56073

OFF-MARKET
Turn key restaurants
Property ID
US46-2090440
4,125 SF Built 1922
Last sale Sep 2022 · $220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 12-unit multi-family apartment building located in downtown New Ulm, Brown County, Minnesota, on a lot of 0.1894 acres. The building contains six units that are currently in a leased/occupied configuration and six additional units that have varying levels of renovation need, including three units requiring minor updates, one unit that has been fully gutted and is set up for complete build-out, and two units requiring more extensive repairs. The property is situated within a downtown setting near local amenities. The site is zoned Business/Commercial.

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?
$4k
Tax billed · 2023
Assessed value$238k
Assessed land$41k
Assessed improvement$196k
Effective rate1.85%

Value estimate

· Sep 2026
$180k
$162k – $198k
AI approach$190k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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?
C3
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 agency22.7
Restaurant16.3
Building Supply14.4

Location

209 Minnesota St New Ulm, MN 56073-1731
County assessor Recorded deeds · 4 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10 Minnesota, New Ulm, MN 56073-1728 $315,000 Oct 2023 3,760 SF
16 Minnesota, New Ulm, MN 56073-1728 $550,000 Sep 2022 4,320 SF
18 Minnesota, New Ulm, MN 56073-1728 $250,000 Aug 2022 3,510 SF
410 20th S, New Ulm, MN 56073-3982 $468,000 May 2022 3,835 SF
15 Minnesota, New Ulm, MN 56073-3056 $23,000 Apr 2022 3,782 SF
27 Minnesota, New Ulm, MN 56073-3001 $385,000 Apr 2021 3,600 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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