$460,000
209 S Minnesota Street New Ulm, MN 56073
For Sale MLS# 6820873
11,000 sq ft Commercial
Details for 209 S Minnesota Street
MLS# 6820873
Description for 209 S Minnesota Street, New Ulm, MN, 56073
Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue.Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations.Priced to reflect the work needed, this property is an ideal value-add opportunity.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 16
Bathrooms: 12
Lot Size: 0.19 Acres
Square Feet: 11,000 sq ft
Year Built: 1947
Foundation: 4,750 sq ft
Stories: 2 Stories
Subdivision: South Of Center
Number Of Units Total: 12
Current Use: Residential
County: Brown
Days On Market: 26
Construction Status: Previously Owned
School Information
District: 88 - New Ulm
Interior Features
Appliances: Range, Refrigerator
Basement: Unfinished, Partial
Accessibility: Hallways 42+
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Common,Hot Water Separate
Cooling: Wall, Window
Heating: Other, Steam, Baseboard, Electric, Hot Water, Radiator
Exterior / Lot Features
Parking Description: On-Street Parking Only, Unassigned, Garage Sq Ft - 0.00
Exterior: Brick/Stone
Roof: Flat, Age Over 8 Years
Lot Dimensions: 50x165
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Leases, Road Frontage - City
Unit Information
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Actual Rent: 625
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 5 Actual Rent: 700
Unit 5 Baths Total: 1
Unit 5 Beds Total: 1
Unit 6 Baths Total: 1
Unit 6 Beds Total: 2
Driving Directions
Take Broadway St/Hiawatha Pioneer Trail, Turn North on 2nd St, Turn Right on S Minnesota St, Destination will be on the left
Financial Considerations
Other Annual Tax: $480
Tenant Pays: Electric
Owner Pays: Heat,Janitorial,Maintenance/Repair,Snow,Taxes,Trash
Tax/Property ID: 00100206312120
Tax Amount: 6054
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Premier Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 209 S Minnesota Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 209 S Minnesota Street
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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