123 N Minnesota Street, New Ulm, MN

$414,900

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0.19

Acres

About 123 N Minnesota Street

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.

Features of 123 N Minnesota Street

MLS® # 7150112
Price $414,900
Bathrooms 0.00
Acres 0.19
Year Built 1880
Type Commercial Sale
Status Active

Community Information

Address 123 N Minnesota Street
Subdivision North Of Center
City New Ulm
County Brown
State MN
Zip Code 56073

Amenities

Utilities Electric Separate
Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No

Exterior

Exterior Features Stone, Vinyl
Roof Flat

School Information

District New Ulm

Additional Information

Days on Market 13
Zoning Business/Commercial,Residential-Single Family
Foreclosure No
Short Sale No

Listing Details

OfficeTrue Real Estate

Listing Map

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