Different buyers purchase two Rochester paint store buildings on same day for a combined $3.9 million
May 1—ROCHESTER — Two identical commercial buildings housing Rochester paint stores recently were sold to different buyers on the same day for a combined $3.9 million.
The two 4,000-square-foot, mirror-image Sherwin-Williams stores at 2900 Broadway Ave. S and 1970 36th Ave. NW changed hands in a pair of April deals.
BCPB LLC, a company linked to Topeka, Kan.-based real estate firm Equity Ventures Commercial Development, recently paid $1.83 million to buy
the south Rochester Sherwin-Williams paint store
on April 21, 2023. BCPB paid a $75,000 down payment at closing.
Three Minneapolis firms — M&V Rochester LLC, M&V Rochester Recipient LLC and M&V Rochester Holdings LLC — sold the property.
The south Sherwin-William building replaced its previous south location in the former
Rochester Market Square
complex at 37 Woodlake Drive SE. When Rochester Market closed and the Rochester School District purchased the building to serve as the
Alternative Learning Center
, Sherwin-Williams moved to the then-new Broadway building between Culver's and Wendy's in 2013.
Olmsted County estimated the total market value of the property at $749,100 for 2023-2024.
The M&V companies, incorporated by Minneapolis attorney Daniel R. Mott, owned the building since it was constructed by TJL Development of St. Paul for Sherwin-Williams in 2013. TJL also built a very similar complex in northwest Rochester in 2014 for Sherwin-Williams. RH Sherwin LLC, another company incorporated by Mott, owns that north building.
West End Investments, an Albertville, Minn. firm, purchased the north store from RH Sherwin LLC for $2.15 million on April 21, 2023.
The north complex was built in 2015.
It stands by Caribou Coffee and an Associated Bank branch.
Olmsted County estimated the total market value of the property at $814,300 for 2023-2024.
Sherwin-Williams has three retail paint locations in the Med City. The third one is located at 19 Seventh St. NE.
