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    FOR SALE
    Drive through restaurants

    1501 North Broadway St, New Ulm, MN 56073

    1,362 SF Built 1967
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US46-2612889
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1967
    Total area 1,362 SF
    Zoning code C2
    APN 001.001.090.01.010
    UPID US46-2612889
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    SHELLY L WINTER
    SHELLY L WINTER
    Zoning & alternative use
    C2 · New Ulm, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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