1501 North Broadway St

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1501 North Broadway St

New Ulm, MN 56073
Asking Price
$325K
Asset Type
Retail
Class
Class B

What's Special

1501 North Broadway Street is situated along a primary commercial corridor in New Ulm, Minnesota. The property sits within a high-traffic district characterized by a mix of local businesses, national retailers, and casual dining establishments. Nearby amenities include grocery stores, automotive services, and the New Ulm Medical Center. The location offers direct accessibility via North Broadway Street, which serves as a major north-south artery connecting the neighborhood to the historic downtown area and Highway 14. This retail asset is suited for businesses requiring high visibility and consistent consumer traffic. The layout and positioning make it an ideal fit for general merchandise stores, specialty boutiques, or service-based providers such as salons and fitness studios. Typical tenants for this location include established regional franchises or independent retailers seeking to leverage the surrounding residential density and established commercial infrastructure.

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NOI
$80,000
Cap Rate
24.62%
DSCR
4.15
Strong
Cash-on-Cash
62.26%
Monthly Payment
$1,607.923
Annual Cash Flow
$60,704.928

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