701 Broadway St, New Ulm, MN 56073-1201
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.
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
C2 · 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.