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    Property profile & analytics

    1521 Broadway St New Ulm, MN 56073-3757

    • Grocery and convenience stores
    • 6,350 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2197552
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1521 Broadway St

    Year built
    1954
    Property size
    6,350 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    001.002.081.08.080
    APU
    100208108080

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.4455
    Latitude
    44.2976
    CBSA code
    35580
    CBSA name
    NEW ULM, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,416
    $325,800
    $733,500
    $1,059,300
    -
    $325,800
    $733,500
    $1,059,300

    Comparable in this City

    • Value Estimation by Request
      7,150 SF

      1201 Westridge Rd

      CONVENIENCE STORE • 7,150 SF
      1201 Westridge Rd, New Ulm, MN 56073-1045
      View Details
    • Value Estimation
      $515,000
      2,760 SF

      314 20th S St

      CONVENIENCE STORE • 2,760 SF
      314 20th S St, New Ulm, MN 56073-0010
      View Details
    • Value Estimation by Request
      19,346 SF

      2101 Highland Ave

      GROCERY, SUPERMARKET • 19,346 SF
      2101 Highland Ave, New Ulm, MN 56073-1989
      View Details
    • Value Estimation
      $355,000
      1,892 SF

      1400 Broadway St

      CONVENIENCE STORE • 1,892 SF
      1400 Broadway St, New Ulm, MN 56073-1233
      View Details
    • Value Estimation
      $470,000
      2,460 SF

      627 Minnesota St

      CONVENIENCE STORE • 2,460 SF
      627 Minnesota St, New Ulm, MN 56073-1739
      View Details
    • Value Estimation
      $145,000
      1,250 SF

      526 Minnesota St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      526 Minnesota St, New Ulm, MN 56073-2123
      View Details

    Similar Nearby for Sale

    • $310,000
      0.19 Acres

      Downtown New Ulm Commercial Opportunity

      High-visibility commercial property in historic downtown New Ulm.
      214 N Minnesota St, New Ulm, MN 56073
      View Details
    • $622,920
      9,300 SF

      New Ulm Mixed-Use Opportunity

      9,300 SF building in thriving New Ulm area.
      1618 S Broadway St, New Ulm, MN 56073
      View Details
    • Contact for pricing
      7 SF

      New Ulm Land Opportunity

      7.67 acres of commercial land in New Ulm, MN.
      Tbd Somsen St, New Ulm, MN 56073
      View Details
    • New
      $460,000

      New Ulm Multifamily Investment Opportunity

      12-unit apartment building in downtown New Ulm with value-add potential.
      209 S Minnesota St, New Ulm, MN 56073
      View Details
    • $325,000

      45 Acres of Land Available

      Land with gravel pit and tillable acreage for sale.
      225Th St, New Ulm, MN 56073
      View Details
    • $156,900
      1,567 SF

      New Ulm Duplex Investment

      Duplex in New Ulm, MN with tenant occupied units.
      623 N Broadway St, New Ulm, MN 56073
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,720 SF

      Retail Space on Broadway Street

      Retail property for rent with customizable work areas.
      2015 Broadway St S, New Ulm, MN 56073
      View Details
    • $9 SF/Yr
      3,084 SF

      Prime New Ulm Retail Space

      High-visibility corner lot, 3,084 sq ft.
      1501 Broadway St, New Ulm, MN 56073
      View Details

    Property Visit Statistics

    • Visits by month
      49.4k
    • Visitors by month
      21.8k
    • Avg Time on site
      7 min
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    1521 Broadway St
    New Ulm, MN 56073-3757
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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