Buenger Buildings

Highlights:

• Age: Over 50 Years Old
• Lot Size: Under 1/2 Acre
• Sewer: City
• Water: City Water

Description:

Historic Downtown Location

Great Visibility

Value Add Potential

Located in the heart of historic Downtown New Ulm, MN, 225 and 227 N Minnesota St are two connected brick buildings offering a compelling mix of commercial and residential opportunities. This building is a contributing resource to the National Register-listed New Ulm Commercial Historic District and qualifies for 20% Minnesota state historic tax credit and a 20% federal historic tax credit!
At 225, the first floor features a 1,750 sqft bistro-style restaurant space with basement storage and an outdoor patio. The second floor includes two partially renovated apartments, while the third floor has potential for additional residential units. At 227, the property includes a 1,000 sqft basement conference room space, 2,500 sqft of first-floor commercial space, and six apartments across the upper levels—five occupied and one partially renovated. Recent updates include expanded kitchen facilities, structural improvements, and apartment enhancements.
These properties have a special permit for a winery operation and offer redevelopment potential as a boutique hotel, with initial support from the City of New Ulm or a great space for street retail or offices. The 225 building, formerly the MonaLena Restaurant and Bar until 2022, combines historical charm with functional upgrades, while 227 has been updated for tenants and commercial use. Together, these buildings provide a rare opportunity to invest in a value add, versatile, historic properties within a vibrant and growing downtown setting.