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Financial
Distress signals
Property profile

214 N Minnesota St New Ulm, MN 56073

FOR SALE
Bars & Pubs
Property ID
US46-2256318
5,075 SF Built 1918
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 214 N Minnesota Street in historic downtown New Ulm, this corner commercial building was formerly used as the Lamplighter Family Sports Bar & Grill. The property includes parking located behind the building and sits on a 0.189-acre lot. Its interior layout is configured as an open, flexible space that can accommodate a variety of commercial uses, including potential retail, restaurant/café, entertainment, or adaptive mixed-use conversion. The building is described as having two…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$110k
Assessed land$66k
Assessed improvement$44k
Effective rate10.55%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$260k

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

214 N Minnesota St New Ulm, MN 56073
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
336 Minnesota, New Ulm, MN 56073-1734 $180,000 Nov 2023 5,180 SF
1727 Broadway, New Ulm, MN 56073-3751 $1,200,000 May 2023 5,183 SF
209 Minnesota, New Ulm, MN 56073-1731 $220,000 Sep 2022 4,125 SF
16 Minnesota, New Ulm, MN 56073-1728 $550,000 Sep 2022 4,320 SF
410 20th S, New Ulm, MN 56073-3982 $468,000 May 2022 3,835 SF
1 Minnesota, New Ulm, MN 56073-3001 $369,900 Mar 2022 5,200 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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