Date
Details
Price
Change
Source
9/24/2026
Listed
$414,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$414,900 Just Listed
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Property 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 facade 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.
Full Property Details
Full Property Details for 123 N Minnesota St
General
- Price: $414,900
- Taxes: $2,146 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7150112
- Updated: 9/24/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Brown
- Township: New Ulm
- Subdivision: North Of Center
- Driving Directions: North on Broadway to 2nd North then right to Minnesota St. Then right, third building on the right
School Information
- School District: 88 - New Ulm
- High School District: New Ulm
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate
Structural Information
- Foundation Size: 1791
- Roof: Flat
- Disability Access: None
- Square Feet: 7,164
- Finished Down/Base.: 7,164 Sq. Ft.
- Current Bldg. Use: Residential, Retail
- Year Built: 1880
Lot Features
- Lot Size (Acres): 0.189
- Lot Dimensions: 25 x 165 x 25 x 165
- Zoning: Business/Commercial, Residential-Single Family
Financial Considerations
- Tax Amount: $2,146
- Tax Year: 2025
Disclosures and Reports
- Legal Description: NORTH OF CENTER LOT-006 BLOCK-067 N2 OF
- Inclusions: Building
- Property ID: 100106706060
Listed by True Real Estate
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— 123 N Minnesota St —
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Schools
Schools serving 123 N Minnesota St
School District:New Ulm Public School District
| Name | Grades | Distance |
|---|---|---|
Jefferson Elementary School, New Ulm, MN 318 South Payne Street, New Ulm, MN 56073 | PK-3 | 0.7 mi |
Washington Elementary School, New Ulm, MN 910 14th North Street, New Ulm, MN 56073 | 4-6 | 1.1 mi |
New Ulm High School 1600 Oak Street, New Ulm, MN 56073 | 7-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 N Minnesota St
Tax History
Tax History for 123 N Minnesota St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,480
—
$141,800
16%
2026
$2,480
39%
$121,800
7%
2023
$1,786
—
$113,400
24%
2023
$1,786
—
$91,500
2%
2023
$1,786
-4%
$90,000
-1%
2020
$1,870
—
$90,800
—
2019
$1,878
4%
$90,700
2%
2018
$1,812
-2%
$89,200
—
2017
$1,856
-15%
$89,200
7%
2016
$2,192
—
$83,754
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 N Minnesota St
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- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 2Total Baths
- 2,872Sq. Ft.
Listed by True Real Estate
- Single Family
- Active
- Updated 22 hours ago
- 2Beds
- 3Total Baths
- 2,635Sq. Ft.
Listed by True Real Estate
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 4Total Baths
- 2,880Sq. Ft.
Listed by American Way Realty
- Single Family
- Active
- Updated 18 hours ago
- 4Beds
- 2Total Baths
- 2,971Sq. Ft.
Listed by American Way Realty
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 2,726Sq. Ft.
Listed by Miller Real Estate
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,862Sq. Ft.
Listed by True Real Estate
- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 2Total Baths
- 1,663Sq. Ft.
Listed by Homestead Road
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
- 3,617Sq. Ft.
Listed by RE/MAX Advantage Plus
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- Single Family
- Closed
- 7Beds
- 4Total Baths
- 4,231Sq. Ft.
Listed by Keller Williams Preferred Rlty
Sold by Keller Williams Classic Realty
Sold by Keller Williams Classic Realty
- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,792Sq. Ft.
Listed by American Way Realty
Sold by True Real Estate
Sold by True Real Estate
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 2,424Sq. Ft.
Listed by EXIT Realty - Great Plains
Sold by Bridge Realty, LLC
Sold by Bridge Realty, LLC
123 N Minnesota Street, New Ulm, MN 56073 (MLS# 7150112) is a Commercial property. 123 N Minnesota Street is currently listed for $414,900 and was received on September 24, 2026. Want to learn more about 123 N Minnesota Street? Do you have questions about finding other Commercial real estate for sale in New Ulm? You can browse all New Ulm real estate or contact a Coldwell Banker agent to request more information.