123 N Minnesota Street, New Ulm, MN 56073 (MLS# 7150112)

123 N Minnesota Street, New Ulm, MN 56073

$414,900
Property Type: Commercial Square Footage: 7,164 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $414,900 List Date: 9/24/2026 Last Modified: 9/24/2026

Overview

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 2 ...

Listing Details MLS# 7150112

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront YN
No
Year Built
1880
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Single Family
Foundation Size
1791
For Sale or Lease
For Sale
Acres
0.18
Lot Dimensions
25x165x25x165
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential; Retail Exterior: Brick/Stone; Vinyl Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Lock Box Type: None On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Roof: Flat Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
414900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
123
Street Direction Prefix
N
Street Name
Minnesota
Street Suffix
Street
Postal City
New Ulm
County
Brown
State
MN
Zip Code
56073
Complex/Dev/Subdivision
North Of Center

Assessments

Tax With Assessments
2146

Basement

Foundation Dimensions
25x73x23x73

More Information

Building Information

Building Finished SqFt
5373
Building SqFt
7164

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Unit Total SqFt
1791
Leased?
No

Unit 2

Leased?
No
Unit Number
2
Unit Total SqFt
3582

Unit 3

No. of 3 Bedroom Units
Yes

Unit Details

Total Units
2
IDX
Listing Office: True Real Estate
Last Updated: September - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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