4 Minnesota StNew Ulm, MN 56073

For Sale
$449,900

Historic Charm, Modern Updates, Strong Income

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 4 N Minnesota St, New Ulm, MN 56073, presents a rare investment opportunity. Built in 1880 and meticulously restored, this three-unit building boasts a vibrant retail space on the ground floor. The retail area features original tile flooring, an ornate pressed metal ceiling, and an open-concept design ideal for a variety of businesses. A renovated bathroom and a spacious, clean basement provide ample storage. Upstairs, two apartments are fully leased with contracts extending through 2025, generating a consistent rental income stream. The building includes one parking space and is situated in the heart of New Ulm's historic downtown, offering high visibility and foot traffic. The property's APN is 00100106512121. The asking price is $449,900. The potential for acquiring the existing retail business is also available upon inquiry. This is a chance to own a piece of New Ulm's history while benefiting from modern updates and a prime downtown location. Brown County location provides access to a thriving community.

Highlights

  • Rare investment opportunity: 3-unit mixed-use building in historic downtown New Ulm, MN.
  • 1880 building, meticulously restored, featuring a vibrant ground-floor retail space with original tile and pressed metal ceiling.
  • Two upper-level apartments fully leased through 2025, providing consistent rental income.
  • Includes one parking space and offers high visibility & foot traffic.
  • Asking price: $449,900; APN: 00100106512121.

Property Details for 4 Minnesota St

Property type
Other retail properties, Other mixed-use properties
Year Built
1880
Units
3

Location Insight

City
New Ulm
County
Brown
State
Minnesota
Latitude
44.3136208
Longitude
-94.4589338
4 Minnesota St, New Ulm, Minnesota

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4 Minnesota St
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