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    New Ulm, MN
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    New Ulm, MN Restaurants for Sale

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    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
    Hardee's Quick-Service Restaurant
    Updated: Mar 3
    Hardee's Quick-Service Restaurant

    1710 Westridge Rd, New Ulm, MN 56073

    Contact for pricing
    2,966 sqft 1.17 AC lot
    2,966 SF Hardee’s quick‑service restaurant on 1.17 acres at 1710 Westridge Rd, New Ulm, MN 56073
    Fee‑simple interest secured by a long‑term absolute NNN lease extending through August 2038
    Current annual income of $98,439 with built‑in rent escalations every five years
    Four additional renewal options that could extend the tenancy through 2058
    Restaurant located adjacent to a Walmart Supercenter on Westridge Rd, a frontage road to Highway 14
    View details
    Event Venue with Commercial Kitchen
    Event Venue with Commercial Kitchen

    301 S. 20th Street, New Ulm, MN 56073

    Contact for pricing

    Newly renovated facility features a large commercial kitchen, conference space, and a rear warehouse with drive-up dock.

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    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 51 Potential Opportunities for your consideration. Besides 3 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
    Turn-Key Corner Restaurant
    Turn-Key Corner Restaurant

    501 S Front St, Mankato, MN 56001

    Contact for pricing
    2,068 sqft

    Turn-key Mexican restaurant space with a transferable lease available in a highly visible downtown corner location.

    View details
    Restaurant Building with Frontage Road Access
    Restaurant Building with Frontage Road Access

    1123 Range Street, North Mankato, MN 56003

    $1,200,000

    Former restaurant building renovated in 2022 with a new roof, updated dining area, new bar, and central air.

    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

    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
    Commercial Land

    Premier Drive, Mankato, MN 56001

    $300,000
    0.75 AC lot

    .75-acre out lot positioned along Highway 22 in front of Fleet Farm between Victory Drive and Highway 14.

    View details
    Commercial Land Zoned B-3
    Commercial Land Zoned B-3

    Coneflower Lane, Mankato, MN 56001

    $937,312
    1.26 AC lot

    1.26-acre commercial land parcel zoned Highway Business District (B-3) near a hard-stop light on HWY 22.

    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

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

    10 Minnesota St, New Ulm, MN 56073-1728

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

    1922 Broadway St, New Ulm, MN 56073-3753

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

    1727 Broadway St, New Ulm, MN 56073-3751

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

    115 Minnesota St, New Ulm, MN 56073-1729

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

    209 Minnesota St, New Ulm, MN 56073-1731

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

    24 Minnesota St, New Ulm, MN 56073-1728

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

    16 Minnesota St, New Ulm, MN 56073-1728

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

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

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

    1 Minnesota St, New Ulm, MN 56073-3001

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

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

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

    27 Minnesota St, New Ulm, MN 56073-3001

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

    213 Minnesota St, New Ulm, MN 56073-2116

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

    5 Vly St, New Ulm, MN 56073

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

    701 Minnesota St, New Ulm, MN 56073

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

    225 Minnesota St, New Ulm, MN 56073-1731

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

    1927 Broadway St, New Ulm, MN 56073-3747

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

    1707 Broadway St, New Ulm, MN 56073-1253

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

    1710 Westridge Rd, New Ulm, MN 56073-2337

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

    425 State St, New Ulm, MN 56073-1862

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

    301 Minnesota St, New Ulm, MN 56073-1733

    $245,000
    Estimated value
    1,775 sqft
    View details

    New Ulm, MN Restaurants Market Trends and Statistics

    Explore 45 restaurants for sale in New Ulm, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,970 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for restaurant properties in New Ulm, MN average $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial kitchens 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 $762.5K

    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%

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