SUBSCRIBE NOW AND SAVE 3 months just 99¢/month

ADVERTISEMENT

ADVERTISEMENT

South Rochester retail center changes hands in $2.95 million deal

Gustie II LLC, which is led by Dirk Erickson, bought the retail center at 223 28th St. SE on Nov. 12. That 10,700-square-foot complex houses the Barbershop for Men, Gamestop, Mega Coin Laundry South and Sprint as tenants. C&R Elton Hills LLC, owned by Rochester’s Hawkins family, sold the 13-year-old property.

Heard on the Street - Jeff Kiger column sig

A local real estate investor recently purchased a south Rochester retail complex for $2.95 million.

Gustie II LLC, which is led by Dirk Erickson , bought the retail center at 223 28th St. SE on Nov. 12. That 10,700-square-foot complex houses the Barbershop for Men , Gamestop, Mega Coin Laundry South and Sprint as tenants.

Erickson made a $1.05 million down payment as part of the deal.

C&R Elton Hills LLC, owned by Rochester’s Hawkins family, sold the 13-year-old property. Med City Realtor and developer A.J. Hawkins of Northrock Real Estate facilitated the transaction.

The center, sometimes called Broadway Marketplace, was built in 2008. It was last sold for $2.1 million in 2013, according to Olmsted County records.

ADVERTISEMENT

Olmsted County estimated the total market value of the property at $2.6 million for 2021-2022.

This is the latest Rochester investment by Erickson.

His group is involved with developing the Bryk on Broadway Apartments at the intersection of Civic Center Drive and North Broadway.

He and his family purchased the land for that project for $2.15 million in 2020. Commercial Realtor Ben Kall of the Legacy Realty Group is working with the Ericksons on that project.

EMBED: Jeff Pieters 'Sunrise Rochester' newsletter signup

What to read next
Members Only
Adrienne Fisk opened her in-home salon, A&C Men’s Grooming, this week. Fisk, who has specialized in men’s grooming for the past 13 years of her 21-year career, is offering a full slate of male services, including haircuts, straight-razor shaves of faces and heads, beard trims and waxing.
A typical combine ride spurred Emma Kratcha's agricultural based research.
Members Only
Mayo Clinic is adding more cardiac services to its London clinic, which it opened as a joint venture with Oxford University in late 2019. Mayo Clinic became the sole owner in 2020.
Rochester firefighters were called to the warehouse at the 1600 block of Opportunity Road NW just before 11 p.m. Saturday. As of Monday, there was no estimate available on how many packages were destroyed in the fire.