Advertise
    New Ulm, MN
    Restaurants

    New Ulm, MN Restaurants for Sale

    Notify Me
    List
    Map
    Courtland, MN Sleepy Eye, MN Lafayette, MN Nicollet, MN Hanska, MN Winthrop, MN Madelia, MN Lake Crystal, MN
    Downtown Mixed-Use Corner Building
    Updated: Aug 17
    Downtown Mixed-Use Corner Building

    214 N Minnesota St, New Ulm, MN 56073

    $310,000
    5,075 sqft
    5,075‑square‑foot mixed‑use commercial building
    Corner property at 214 N Minnesota St in downtown New Ulm
    Built in 1918
    Rear parking area included
    Former Lamplighter Family Sports Bar & Grill location
    View details
    Turnkey Restaurant Opportunity in New Ulm
    Updated: Sep 10, 2025
    Turnkey Restaurant Opportunity in New Ulm

    1922 S Broadway St, New Ulm, MN 56073

    $1,200,000
    4 sqft
    Strategic location in New Ulm.
    Turnkey potential for immediate operation.
    Fully equipped for limited service establishment.
    Previously operated as a Burger King since 2001.
    Offers potential to add hospitality option to market.
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 50 Potential Opportunities for your consideration. Besides 2 Active listings in New Ulm, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 42 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Restaurant Building
    Former Restaurant Building

    1123 Range Street, North Mankato, MN 56003

    Contact for pricing
    4,508 sqft 0.82 AC lot

    Former restaurant building with extensive 2022 renovations, updated dining area, and bar, with on-site parking on a frontage-road-access site.

    View details
    Renovated Restaurant Building
    Renovated Restaurant Building

    1123 Range Street, North Mankato, MN 56003

    $1,200,000

    Highway-facing property offers frontage-road access and on-site parking.

    View details
    Bar and Restaurant with Dining
    Bar and Restaurant with Dining

    424 South Front Street, Mankato, MN 56001

    Contact for pricing
    3,410 sqft

    Established bar and restaurant operating Tuesday–Sunday from 11 AM to 2 AM with convenient public parking nearby.

    View details
    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    101 W Lind Ct, Mankato, MN 56001

    Contact for pricing

    Freestanding restaurant property with drive-through access, commercial kitchen infrastructure, and a flexible interior layout.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Outlot
    Commercial Land Outlot

    Premier Drive, Mankato, MN 56001

    $300,000
    0.75 AC lot

    Accessible commercial parcel positioned within an established retail setting near major highways and big-box shopping.

    View details
    Highway Business Commercial Land
    Highway Business Commercial Land

    Coneflower Lane, Mankato, MN 56001

    $937,312
    1.26 AC lot

    Highway Business District zoning places this parcel near planned commercial and residential development.

    View details

    Off-Market Properties in New Ulm, MN

    Consider similar Off-Market properties in New Ulm, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    221 Minnesota St
    RESTAURANT

    221 Minnesota St, New Ulm, MN 56073-1731

    Estimated value:
    $400,000
    11,152 sqft
    View details
    10 Minnesota St
    TAKE-OUT RESTAURANT

    10 Minnesota St, New Ulm, MN 56073-1728

    Estimated value:
    $290,000
    3,760 sqft
    View details
    1922 Broadway St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1922 Broadway St, New Ulm, MN 56073-3753

    Estimated value:
    $1,290,000
    3,948 sqft
    View details
    1727 Broadway St
    RESTAURANT

    1727 Broadway St, New Ulm, MN 56073-3751

    Estimated value:
    $1,105,000
    5,183 sqft
    View details
    115 Minnesota St
    RESTAURANT

    115 Minnesota St, New Ulm, MN 56073-1729

    Estimated value:
    $115,000
    1,992 sqft
    View details
    209 Minnesota St
    RESTAURANT

    209 Minnesota St, New Ulm, MN 56073-1731

    Estimated value:
    $180,000
    4,125 sqft
    View details
    24 Minnesota St
    RESTAURANT

    24 Minnesota St, New Ulm, MN 56073-1728

    Estimated value:
    $115,000
    2,286 sqft
    View details
    16 Minnesota St
    RESTAURANT

    16 Minnesota St, New Ulm, MN 56073-1728

    Estimated value:
    $450,000
    4,320 sqft
    View details
    410 20th S St
    RESTAURANT

    410 20th S St, New Ulm, MN 56073-3982

    Estimated value:
    $380,000
    3,835 sqft
    View details
    1 Minnesota St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1 Minnesota St, New Ulm, MN 56073-3001

    Estimated value:
    $350,000
    5,200 sqft
    View details
    301 20th S St
    NIGHTCLUB (COCKTAIL LOUNGE)

    301 20th S St, New Ulm, MN 56073-2269

    Estimated value:
    $845,000
    23,494 sqft
    View details
    27 Minnesota St
    RESTAURANT

    27 Minnesota St, New Ulm, MN 56073-3001

    Estimated value:
    $385,000
    3,600 sqft
    View details
    213 Minnesota St
    RESTAURANT

    213 Minnesota St, New Ulm, MN 56073-2116

    Estimated value:
    $60,000
    1,050 sqft
    View details
    5 Vly St
    RESTAURANT

    5 Vly St, New Ulm, MN 56073

    Estimated value:
    $60,000
    912 sqft 0.23 AC lot
    View details
    701 Minnesota St
    DRIVE-THRU RESTAURANT, FAST FOOD

    701 Minnesota St, New Ulm, MN 56073

    Estimated value:
    $270,000
    2,236 sqft
    View details
    225 Minnesota St
    BAR, TAVERN

    225 Minnesota St, New Ulm, MN 56073-1731

    Estimated value:
    $255,000
    1,725 sqft
    View details
    1927 Broadway St
    RESTAURANT

    1927 Broadway St, New Ulm, MN 56073-3747

    Estimated value:
    $535,000
    6,600 sqft
    View details
    1707 Broadway St
    RESTAURANT

    1707 Broadway St, New Ulm, MN 56073-1253

    Estimated value:
    $305,000
    4,320 sqft
    View details
    1710 Westridge Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1710 Westridge Rd, New Ulm, MN 56073-2337

    Estimated value:
    $355,000
    2,966 sqft 1.17 AC lot
    View details
    425 State St
    BAR, TAVERN

    425 State St, New Ulm, MN 56073-1862

    Estimated value:
    $235,000
    2,790 sqft
    View details
    301 Minnesota St
    RESTAURANT

    301 Minnesota St, New Ulm, MN 56073-1733

    Estimated value:
    $245,000
    1,775 sqft
    View details
    15 Minnesota St
    BAR, TAVERN

    15 Minnesota St, New Ulm, MN 56073-1727

    Estimated value:
    $240,000
    2,525 sqft 0.09 AC lot
    View details

    New Ulm, MN Restaurants Market Trends and Statistics

    Explore 44 restaurants for sale in New Ulm, MN on our real estate platform. These investment opportunities span a total of 5,079 square feet of properties for sale, with an estimated market value of $1,510,000.

    Sale prices for restaurant properties in New Ulm, MN start at $310,000, averaging $755,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1
    Drive through restaurants 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) +4.5%
    Median Household Income $69,698
    College Educated 36.2%

    High-Yield Neighborhoods for Investment

    Identify New Ulm submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56073 $755K

    Taxes & Financing

    Tax Rate (average for all types) 2.25%
    Property Tax per SF $10.30 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in New Ulm, MN

    Popular Categories

    Most Searched ZIP Codes in New Ulm, MN

    • 56073
    Why this one?
    Saved
    Reason not saved — we won't ask again

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!