119 N Minnesota St

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. The city sits on U.S. Route 14, about 90 miles southwest of the Twin Cities, with major area employers including August Schell Brewing Company, Allina Health, 3M, and Kraft Foods. Median household income is roughly $64,000, and downtown New Ulm remains a walkable retail and dining corridor anchored by historic brick storefronts — the same architectural character reflected in this building. For a buyer considering residential conversion, the location adds real upside: downtown New Ulm continues to attract interest in bringing more housing back into its historic core, and this building sits right in the middle of that opportunity.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.