1501 North Broadway St, New Ulm, MN 56073
For Sale
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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.
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.
No recorded transactions found for this property.
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.