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150 Broadway St E, New Germany, MN, 55367

3beds
2baths
4,092sqft
$599,000
$146price/sqft
$3,972/moest. monthly cost
$158,880/yrincome needed

About This Home

This completely remodeled 3 Bedroom 2 Bath property presents a wonderful opportunity to operate your own business while living onsite. Every detail has been attended to in this renovation, which includes large bedrooms with walk-in closets, an oversized laundry room, and a master suite. Located in a prime downtown spot, this solid commercial building has been freshly remodeled and is ready for its next owner. The turn-key facility features a versatile layout easily adaptable to your unique vision. The property is fully furnished, with a brand-new commercial kitchen, professional restaurant equipment, and fully ADA-compliant. Tons of options with additional outdoor serving and covered patio areas. Live onsite or earn additional income from upstairs 3 bedroom 2 bath apartment. Meticulously kept and ready for the business of your dreams!

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

9/10
8/10
Waconia Middle SchoolGrades 6-88.5 mi

Construction

Condition

  • Year built: 1946

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle,Flat,Pitched,Rubber
  • Construction materials: Block,Post and Beam,Brick,Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Water Heater,Exhaust Fan,Range,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup,Laundry Room,Sink,Upper Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Block,Drain Tiled,Drainage System,Sump Basket,Sump Pump,Unfinished

Bedroom

  • Level: Upper
  • Area: 176
  • Dimensions: 11x16

Bedroom2

  • Level: Upper
  • Area: 192
  • Dimensions: 12x16

Bedroom3

  • Level: Upper
  • Area: 168
  • Dimensions: 12x14

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,092

Heating & Cooling

  • Heating features: Ductless Mini-Split,Forced Air
  • Cooling features: Central Air,Ductless Mini-Split,Dual

Interior Area

  • Total structure area: 4,762
  • Total interior livable area: 4,092 sqft

Kitchen

  • Level: Upper
  • Area: 196
  • Dimensions: 14x14

Laundry

  • Level: Upper
  • Area: 144
  • Dimensions: 9x16

Living Room

  • Level: Upper
  • Area: 238
  • Dimensions: 17x14

Property

Accessibility

  • Accessibility features: Doors 36"+,Partially Wheelchair

Details

  • Parcel number: 550500470
  • Zoning description: Business/Commercial
  • Foundation area: 2436

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Enclosed
  • Fencing: Privacy,Wood

Lot

  • Lot size: 9,626 sqft
  • Lot size dimensions: 61 x 160

Parking

  • Parking features: Covered,Gravel,Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Heat Wave
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters in Carver County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,028$36,336
Home Insurance *$234$2,808
Property Taxes $365$4,380
Electricity $345$4,141
Total$3,972$47,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,182/yr
40% on housing$119,160/yr
45% on housing$105,920/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$146This listing

vs Other Active Listings

Avg $/sqft

ZIP 55367$236
Carver County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 55367$344
Carver County$220

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-13Price change$549,900
2026-06-11Listed for sale$599,000
2024-04-01Sold$162,000
2024-01-26Listed for sale$162,000
2003-11-19Sold$89,500

For Sale by Agent

AgentJohn Behnke
BrokerageRE/MAX Advantage Plus

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