123 N Minnesota Street New Ulm, MN $ 414,900
123 N Minnesota Street
$ 414,900
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123 N Minnesota Street

New Ulm, MN, 56073
$ 414,900
Bedrooms-- Baths-- Sq 7,164

Monthly Estimate*

$ 2,866

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Commercial Property for sale in New Ulm, MN

for $414,900. This 7,164 square foot building was built in 1880 on a lot size of 0.189.

Located in the heart of historic Downtown New Ulm, 123 N. Minnesota St is a mixed use split class commercial/residential homesteaded building. The first floor features a 1,791 sq ft retail space with basement storage and over 400 sq ft outdoor patio space. The first floor is ablank slate ready for your ideas and touches. The second and third floor have been combined into a 3,000 plus sq ft residential living space which includes just under 400 sq ft outdoor deck space on the third floor. At one time the second and third floors were separate living spaces. Go back to thatto double your return in rental income. This building was renovated in 2011 through the New Ulm Small Cities Development Commercial RehabilitationProgram. This renovation replaced windows on all three floors, main roof insulation / rubber membrane, and updated the front building façade with tuckpointing and Historical Society approved color pallet. The kitchen / dining room and bathrooms were updated and remodeled in 2015. The second floor has a kitchen and full bath, and the third floor has a kitchenette and full bath. Laundry has been added to the third floor.

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Commercial Active

Price

$ 414,900

Property Type

Commercial

Taxes

$ 2,146

Style

Lot Size

0.189

Year Built

1880

Town/City

New Ulm

County/Region

Brown

MLS | Web ID

7150112

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate
Roof Flat
Garage Spaces 0
Year Built 1880
Levels Three Or More
Tax Year 2025
Current Use Residential Retail
Accessibility None
County Brown
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name North Of Center
Directions North on Broadway to 2nd North then right to Minnesota St. Then right third building on the right
City New Ulm
High School District New Ulm
Zoning Description Business/Commercial Residential-Single Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2146
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.189
Building Area Total 7164
Lot Dimensions 25x165x25x165
Waterfront Y/N N
Foundation Area 1791
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Interior
Basement (Y/N) N
Total Bedrooms 0
Total Baths 0
Foundation Dimensions 25x73x23x73
Fuel Natural Gas
Garage Square Feet 0
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Internal Only
Street Number 1 123
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* Excluded Features
List By
True Real Estate

Broker

jeff@truerealestatemn.com

Email

Affordability Calculator

$3,044
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,866
Monthly Property Taxes
$179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3048466 Elementary School
3048530 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/24/2026$414,900 Listed Price

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123 N Minnesota Street, New Ulm, MN, 56073 is a Commercial Property for sale at $414,900 with 7,164 sqft and a lot size of 0.189. 123 N Minnesota Street was built in 1880. The property's zip code is 56073 which is in New Ulm, MN