1326 Broadway St New Ulm, MN 56073-3453
This exceptional commercial property, located at 1326 S Broadway Street in New Ulm, Minnesota, 56073, is offered for sale at $249,900. Situated across from Subway, this special purpose building boasts ample space, including a full basement, providing significant potential for a variety of commercial uses. Recent renovations have enhanced the property's appeal, with updates including several windows, two bathrooms, flooring, lighting, electrical wiring, and a new furnace and air conditioning system. The building's functionality is further improved by the inclusion of off-street parking. The property's prime location on South Broadway in Brown County, Minnesota, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, updated commercial building with significant potential in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore the possibilities this property presents. The property is available for sale.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · New Ulm, MNNew Ulm. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.