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    OFF-MARKET
    Office buildings

    4 Minnesota St, New Ulm, MN 56073-1728

    1,840 SF Built 1880
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US46-2151071
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 4 N Minnesota St, New Ulm, MN 56073, presents a rare investment opportunity. Built in 1880 and meticulously restored, this three-unit building boasts a vibrant retail space on the ground floor. The retail area features original tile flooring, an ornate pressed metal ceiling, and an open-concept design ideal for a variety of businesses. A renovated bathroom and a spacious, clean basement provide ample storage. Upstairs, two apartments are fully leased with contracts extending through 2025, generating a consistent rental income stream. The building includes one parking space and is situated in the heart of New Ulm's historic downtown, offering high visibility and foot traffic. The property's APN is 00100106512121. The asking price is $449,900. The potential for acquiring the existing retail business is also available upon inquiry. This is a chance to own a piece of New Ulm's history while benefiting from modern updates and a prime downtown location. Brown County location provides access to a thriving community.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1880
    Total area 1,840 SF
    Zoning code C3
    APN 001.001.065.12.121
    UPID US46-2151071
    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
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    Owner & transaction history
    Brian Ardolf · 2 yrs held
    Brian Ardolf
    since 2023
    Last sale
    $320,000
    2 recorded transactions
    2023
    2023
    $320,000
    Zoning & alternative use
    C3 · New Ulm, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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