119 N Minnesota St
119 N Minnesota St, New Ulm, MN 56073
Marketing description
Well-maintained two-story downtown building currently home to an established retail gift shop, with a basement level and second floor offering strong value-add potential. Main floor features pressed-tin ceilings, exposed brick, hardwood and vinyl plank flooring, a rear skylight, and a handsome original wood staircase — all fronting a tall storefront window on an active downtown block.
The second floor retains an existing kitchen, bathroom, and multiple separate rooms currently used for storage — infrastructure already in place for a residential conversion or additional rentable unit(s). A full basement offers extensive built-in shelving and additional storage or utility space. An unfinished attic level adds further expansion potential.
Ideal for an investor seeking a cash-flowing retail asset today with a clear path to upper-floor housing conversion in a historic, walkable downtown corridor.
119 N. Minnesota St is located in the heart of downtown New Ulm, the Brown County seat and county's commercial hub. New Ulm (population ~14,000) is known for its strong German heritage and well-preserved historic downtown, drawing steady local and regional foot traffic.
Investment highlights
- Established main-floor retail with strong street visibility
- Historic character: tin ceilings, exposed brick, skylight
- Second floor with existing kitchen/bath — apartment conversion potential
- Full basement with built-in storage infrastructure
- Unfinished attic for future expansion
- Walkable downtown New Ulm location
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