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    New Ulm, MN
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    New Ulm, MN Storefront Properties 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
    Two-Story Downtown Retail Building
    Updated: Jul 8
    Two-Story Downtown Retail Building

    New Ulm, MN 56073

    $429,000
    Built in 1880, this well‑maintained two‑story downtown building is currently home to an established retail gift shop.
    Main floor features pressed‑tin ceilings, exposed brick, hardwood and vinyl plank flooring, a rear skylight, and an original wood staircase.
    Second floor includes an existing kitchen, bathroom, and multiple separate rooms used for storage, with infrastructure in place for conversion or additional rentable unit(s).
    Full basement offers extensive built‑in shelving plus additional storage or utility space.
    Unfinished attic level provides further expansion potential.
    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 7 Potential Opportunities for your consideration. Besides 2 Active listings in New Ulm, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Mixed-Use Building with Five Apartments
    Mixed-Use Building with Five Apartments

    235 - 237 Belgrade Ave, North Mankato, MN 56003

    $2,600,000
    7,846 sqft

    Main-level retail space currently serves as a skin and spa clinic, while upper floors contain modern residential units.

    View details
    Mixed-Use Property with Five Apartments
    Mixed-Use Property with Five Apartments

    235-257 Belgrade Avenue, North Mankato, MN 56003

    $2,600,000

    Modern street-level retail space is paired with multiple upper-level apartments and contemporary interior finishes.

    View details
    4-Unit Downtown Office Building
    4-Unit Downtown Office Building

    304 Pine St, Nicollet, MN 56074

    Contact for pricing

    Downtown commercial property with separate office suites and basement space.

    View details
    Four-Unit Office Building
    Four-Unit Office Building

    633 N 3rd St, Nicollet, MN 56074

    Contact for pricing

    Downtown office property with multiple separate workspaces and basement area.

    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

    New Ulm, MN Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in New Ulm, MN on our real estate platform. These investment opportunities span a total of 4 square feet of properties for sale, with an estimated market value of $1,629,000.

    Sale prices for retail units in New Ulm, MN start at $429,000, averaging $814,500, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3
    Shopping centers 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 $814.5K

    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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