Rochester’s Kohl’s Building Is For Sale
I love browsing real estate websites. I'm not in the market to buy anything, but I do love looking to see what I could get for my money, and checking out how others have designed their homes.
I've found some very unique properties in our area including a penthouse apartment, which you can see below, it's located at the top of a hotel and offers amazing views of downtown Rochester. And this morning, I stumbled across a pricey piece of commercial real estate in south Rochester. The Kohl's building off of South Broadway is on the market.
Just to be clear, you'd be buying the building, not the business.
It's a big building with a really big price tag! The listing on loopnet.com describes the property, located at 20 25th St SE, as an 85,584 sq ft retail building that is the anchor of a major shopping center. Bed Bath & Beyond, Michaels, Five Below, DSW, and Massage Envy are all located next to the Kohl's building but are not part of this sale.
So how much is it? The building and its parking lot are listed on loopnet.com for $9,870,000 which breaks down to $114 per sq foot.
In case you're wondering, Kohl's isn't going away. You probably won't even notice when the building is sold. I think the only real change will be who Kohl's pays rent to.
By the way, Kohl's just announced a bonus for hourly employees as a way to keep their staff working through the holiday season. A company press release said employees will be eligible for bonuses ranging from $100-$400. The retail giant also said they are looking to hire an additional 5,000 associates.
Pricey Penthouse with Priceless Views of Downtown Rochester Minnesota
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