4 N Minnesota St. | 4 N Minnesota St
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4 N Minnesota St. 4 N Minnesota St
5,500 SF 100% Leased Retail Building New Ulm, MN 56073 $449,900 ($82/SF)
Executive Summary
Welcome to 4 N Minnesota St., located in the heart of New Ulm’s vibrant and historic downtown business district. This beautifully restored and updated mixed-use building offers a unique opportunity for both investors and business owners alike. The retail space boasts stunning, original tile flooring and an intricately detailed pressed metal ceiling, creating a welcoming and timeless atmosphere. The open-concept design provides versatility for any business, while the mezzanine level adds extra dimension to the layout. A fully renovated bathroom complements the retail space, along with a clean, wide-open basement offering exceptional storage options. Upstairs, you'll find two fully leased apartments, secured through 2025, providing a steady rental income stream. Additionally inquire about the purchase of the current retail business Rustic! Don't miss this opportunity to own a piece of history with modern updates in a prime downtown location!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Retail
Building Size
5,500 SF
Building Class
C
Year Built/Renovated
1880/2023
Price
$449,900
Price Per SF
$82
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.06 AC
Zoning
B-4 - Central Business District
Parking
2 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
23 FT on North Minnesota Street
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00100106512121 | Improvements Assessment | $91,200 |
| Land Assessment | $25,300 | Total Assessment | $116,500 |
PROPERTY TAXES
Parcel Number
00100106512121
Land Assessment
$25,300
Improvements Assessment
$91,200
Total Assessment
$116,500
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4 N Minnesota St. | 4 N Minnesota St
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