See all 51 photos
51 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$414,900
Est. payment /mo
8,232 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision North Of Center
MLS Listing ID 7150112
Year Built 1880
Annual Tax Amount $2,146
Tax Year 2025
Contingent None
Lot Size 8,232 Sqft
Lot Dimensions 25x165x25x165
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.
Location
State MN
County Brown
Zoning Business/Commercial,Residential-Single Family
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate
Roof Type Flat
Present Use Residential,Retail
Building
Story Three Or More
Foundation 1791
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District New Ulm
Read Less Info
Listed by Jeff Dittrich • True Real Estate
Nearby Locations
GET MORE INFORMATION