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For Sale:  New Ulm MLS# 7150112

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Active NEW!
$414,900
/mo Edit
Commercial:  Other
Built 1880
0.189 acres
New Ulm schools
MLS# 7150112
763-576-8286
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    Property Description

    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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $414,900
    Property Type: Commercial
    City: New Ulm
    Garage Spaces: 0
    County: Brown
    Year Built: 1880
    State: MN
    Property Style: Other
    Zip Code: 56073
    Subdivision Name: North Of Center

    Interior

    Bedrooms: 0
    Bathrooms: 0

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 1,791 ft2
    Foundation Dimensions: 25x73x23x73
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Parking Lot
    Roof Details: Flat

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.189
    Geolocation: 44.314853, -94.461001
    Inclusions: Building
    Lot Dimensions: 25 x 165 x 25 x 165
    Zoning:
    • Business/Commercial
    • Residential-Single Family

    Schools

    School District: 88
    District Phone: 5073598401

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,146
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,146

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of True Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.