4 Minnesota St, New Ulm, MN 56073-1728
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.
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
C3 · New Ulm, MNNew Ulm. Always verify with local authorities before improvements.
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.