518 Center StNew Ulm, MN 56073

This exceptional mixed-use property, located at 518 Center St. in New Ulm, Minnesota, presents a unique investment opportunity. The 11,620 square foot building, originally constructed in 1924 and extensively renovated in 2022, is situated in the heart of downtown, within the National Register New Ulm Commercial Historic District and recognized by the New Ulm Heritage Preservation Commission. The property boasts 100% main level occupancy, featuring 5,801 square feet of office space, a 2,072 square foot two-bedroom residential unit, and a 2,564 square foot hospitality venue. A sizable drive-down basement level offers additional leasable space, presenting potential for future revenue growth. Its prime downtown location offers easy access to local amenities, including the Brown County Historical Society and the Glockenspiel. The vibrant community, with its thriving arts scene, local shops, and diverse dining options, creates a strong and supportive environment for this fully leased asset. This is a rare chance to acquire a historically significant property with modern functionality and significant income potential. The asking price is $1,300,000.