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    OFF-MARKET
    Medical Office Space

    701 Broadway St, New Ulm, MN 56073-1201

    8,050 SF Built 2009
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-2791712
    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
    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
    Kah II LLC · 15 yrs held
    Kah II LLC
    since 2011
    1 recorded transaction
    2011
    Zoning & alternative use
    C2 · New Ulm, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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