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January 19, 2022, the sale was final on the 90,000-square-foot HyVee Store on West Circle Drive. Based in Iowa, Hy-Vee sold the building to Inland Real Estate Group of Companies for $32,079,805.48. Don't forget your change.

MorePixels GettyStock
MorePixels GettyStock
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The Inland Group is out of Oakbrook, Illinois and already owns the Walgreens store on Civic Center Drive in Rochester, Minnesota.

The sale means Hy-Vee no longer owns any of its 4 grocery store buildings in Rochester. They've sold all four buildings and property and leased them back. In this case, state records show Hy-Vee is leasing the store back for 20 years.

Fast Facts

  • The Hy-Vee on West Circle Drive opened in 2015 (yes, seven years ago...and we all still call it the new HyVee, don't we?)
  • The downpayment to Hy-Vee was $222,222.22. If you play the lottery, you know what to do.
  • Olmsted County puts the 2021-2022 value of the store and land at $7.45 million.

Why Is It Called HyVee?

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It all began in 1930 with a guy named Hyde and a guy named Vredenburg;

With a goal to provide “good merchandise, appreciative service and low prices,” Charles Hyde (1883-1970) and David Vredenburg (1884-1949) opened a small store in Beaconsfield, Iowa, in 1930. The store was leased only a few weeks before the stock market crash of October 1929. The two men began calling their operation Hyde & Vredenburg in 1933. (Source)

As always, if you have a comment, complaint, or concern about something I wrote here, please let me know: james.rabe@townsquaremedia.com

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The Old Shopko North Store - What's In It?

I have to say how awesome it is both the north and the south Shopko buildings have no remained empty!

List of stores and restaurants that are now located in the old Shopko North building in Rochester

Rochester has a bunch of buildings that could be repurposed and I'm really excited to see the changes that have happened at the old Shopko North store.  Change is hard for a lot of us and when we hear new things are happening it is hard to envision what that might eventually look like, but I have 2 thumbs up to the new look and revamp of this building!
If you haven't been in the restaurant or ventured to this part of Rochester lately, here's what you will now see in the old Shopko North building, including the brand new place that put its rather large sign up near the movie theatre: