Property profile

701 Broadway St New Ulm, MN 56073

OFF-MARKET
Medical Office Space
Property ID
US46-2791712
8,050 SF Built 2009
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional free-standing retail building, located at 701 N Broadway St in New Ulm, Minnesota, offers 8,098 square feet of space, with 2,625 square feet currently available for lease. Situated on a 0.8-acre lot (34,750 square feet), this property boasts excellent visibility at the west corner of 7th N St and N Broadway St, a key location within New Ulm's established business district. The building features ample on-site parking with over 40 spaces, ensuring convenient access for customers and employees. This well-maintained property has served as a retail staple in the community for years, benefiting from strong landmark recognition and excellent signage opportunities. The multiple tenancy structure allows for flexibility, and the available space is ideal for a variety of retail or office uses. The property's location in Brown County, Minnesota, zip code 56073, provides easy access to local amenities and a thriving customer base. This is a remarkable opportunity to establish or expand a business in a high-traffic area with significant visibility and ample parking. The building's history as a successful retail location offers a proven track record and immediate brand recognition.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Total area 8,050 SF
Zoning code C2
APN 001.001.098.01.010
UPID US46-2791712

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

701 Broadway St New Ulm, MN 56073-1201
New Ulm metro Census 960300 NEW ULM, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

C2 · New Ulm, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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