518 Center St.
$1,250,000
518 Center St. New Ulm, MN 56073
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About this listing
PROPERTY DESCRIPTION:
Introducing a fully leased, mixed use property at 518 Center St, New Ulm, MN. This 11,620 SF historic building, built in 1924 and beautifully renovated in 2022, has four individual spaces—5,801 SF of office space, a 2,072 SF two bedroom residential unit and a 2,564 SF hospitality venue plus a drive down basement level with leasable footage. Boasting 100% main level occupancy, this property presents a rare chance to acquire a fully leased asset with a captivating blend of history and modern functionality.
LOCATION:
Located in the heart of downtown New Ulm, the F.H. Retzlaff & Sons buiuldings offers easy access to a variety of amenities and attractions. Next door, you will find the Brown County Historical Society and just down a couple blocks is the iconic Glockenspiel. With a vibrant arts scene, locally-owned shops, and an array of dining options, this area provides the perfect mix of small-town ambiance and modern conveniences, making it an ideal location for investors seeking a supportive community and a sense of local character.
Fully Leased Main Level Potential for Growth and Additional Revenue in Lower Level Located in the National Register New Ulm Commercial Historic District
Recognized by the New Ulm Heritage Preservation Commission as an Historic District Renovation Project Stand Out
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Building Size
11,620 sqft
