Real Estate & Development
DEVELOP.OWN.OPERATE.
Ullery & Co. approaches any real estate deal with both a developer's vision and a contractor's discipline — identifying opportunity, executing with precision, and creating assets built to perform.
Our Approach
Development-driven. Ownership-minded.
We don't just build for others — we develop, own, and operate commercial real estate throughout Minnesota. That ownership perspective shapes every decision we make, from site selection through long-term asset management.
Property Types
Current Projects
Where we're putting our money to work.
Chicago Lake Coin Laundry
Eagan Townhomes
Bloomington Rehab
Buffalo Office Bldg.
What We Do
From concept to close — and beyond.
Site Selection
We identify and evaluate sites with a developer's eye — analyzing market fundamentals, access, visibility, and long-term value potential before a dollar is committed.
Concept Planning
Early-stage planning that aligns project vision with market demand, zoning realities, and financial feasibility — setting the foundation for a successful development.
Budgeting
Accurate, construction-informed budgeting from day one. Our contractor background means we price projects with real-world precision, not optimistic estimates.
Underwriting
Rigorous financial underwriting that stress-tests assumptions, models returns, and ensures every project meets our investment criteria before moving forward.
Due Diligence
Thorough investigation of every material risk — environmental, title, zoning, market, and physical — so there are no surprises after closing.
Entitlements
Navigating the entitlement process with experience and relationships — securing the approvals needed to move projects from concept to construction.
Debt & Equity Solutions
Structuring the right capital stack for each project — connecting development opportunities with the financing solutions that make them viable.
Have a site or opportunity in mind?
We're actively looking for development opportunities throughout Minnesota. If you have a site, a project, or an idea worth exploring, let's talk.