St. Paul buyers recently paid $8.47 million to buy the future home of a home decor store in south Rochester, more than a $4 million jump from its previous price tag in August.

Pergola, LLC, and Abraham Properties, LLC, both based in St. Paul, bought the former south ShopKo store at 2820 US Highway 63, plus surrounding parking lot space, on Oct. 8. The buyers, led by Brian Pergament and Joseph Abraham, paid a downpayment of $2.83 million at the closing.

The 90,000-square-foot building, which has been empty since ShopKo closed in 2019, is currently under renovation to re-launch as an At Home - the Home Decor Superstore. Rochester building permits value the At Home renovation work at $2.36 million.

The Plano, Texas-based At Home expects to be ready to open in February.

"At Home looks for locations in high-traffic retail nodes with great access and in close proximity to its core customers and other best-in-class retailers," wrote Carey Marin of At Home of opening a location in the Med City. "This location has all of those components and we are looking forward to being in the Rochester community."

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At Home has Minnesota stores in Blaine, Burnsville and St. Paul. The Texas company has 226 stores in 40 states.

This deal is the second time the former ShopKo property has changed hands in less than three months.

On Aug. 2, Rochester AH Ventures LLLP of Mendota Heights, Minn., bought it for $4.39 million. Shopko, under the name of 2820 Highway 63 South LLC, sold the 39-year-old property near Menards South. Rochester AH sold the property to Pergola and Abraham Properties.

Olmsted County has estimated the total market value of the building and land at $3.12 million for 2021-2022.

Biz Buzz

The Dooley’s deal is done.

Powers Ventures, under the corporate name of First Avenue F&B, LLC, officially purchased the former Dooley's Pub space at 255 First Ave. SW on Oct. 19. Powers paid the city of Rochester $1.4 million for the property as had been approved by the city council. A downpayment of $280,000 was made at the closing.

Nick Powers, president of Powers Ventures, has described his plans for the prominent downtown space as creating “a restaurant with a relaxed and casual family-friendly atmosphere.”