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1217 S Broadway St 7,443 SF 100% Leased Retail Building New Ulm, MN 56073 $1,150,000 ($154.51/SF) 8.91% Cap Rate
Executive Summary
Solid building in a great community! 9% CAP rate 100% leased .... School lease in largest part (in year 2 of 10 year lease -NNN), Office lease (Gross) in front, 2 bed apartment on the upper level! Additional lot and 2+ stall heated garage included.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,443 SF
Building Class
C
Year Built
1968
Price
$1,150,000
Price Per SF
$154.51
Cap Rate
8.91%
NOI
$102,456
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.19 AC
Zoning
B2
Frontage
50’ on BROADWAY ST
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $333,000 | |
| Land Assessment | $52,500 | Total Assessment | $385,500 |
Property Taxes
Parcel Numbers
Land Assessment
$52,500
Improvements Assessment
$333,000
Total Assessment
$385,500
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1217 S Broadway St