The former KOLM radio station building.

That’s the answer to last week’s Biz Buzz tease about an 8,000-square-foot, two-story commercial building changing hands in southwest Rochester.

Ron and Lori Reinalda of Rochester bought the building at 1221 Third Ave. S.W. from Ray Durhman of Zumbrota last week. And the Reinaldas plan to transform the building.

"On the main floor, we’re going to take off the whole north side and replace it with glass," said Ron Reinalda. "That will open it up for retail."

The second floor will remain office space, "but it will be totally updated," he said.

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Why take on an older commercial building when lots of similar spaces remain empty around the city?

"Real estate is in my blood. I see something that need to be fixed, I buy it and fix it. I love it," Reinalda said. "And we’ve got something a lot of others don’t — location. There are tons of people that drive in (Crossroads Drive) looking at the building straight on."

Ripe for picking

A national smoothie-and-sandwich chain called the Froots is hoping to blend in and stir up some business in Rochester.

"Coming soon" is how the Rochester shop is described on Froots Web site. Its location is listed as 2008 S. Broadway, the site of a newly built commercial center on the corner that housed Harnack’s Furniture for decades.

Representatives for the Cooper City, Fla.-based company did not respond to repeated requests for information last week.

More on Discount Tire

Here are a few more details on Discount Tire building a south Rochester store at U.S. 63 and 48th Street Southwest near the new McDonald’s, across the highway from the Shoppes on Maine development.

The hope is to open the 7,000-square-foot store in the first quarter of 2008, says Bill Wendell, vice president of Discount Tire in Minnesota.

Why build a second Rochester store?

"The north store is doing very well, but it is not really picking up the south end of Rochester," he says. "The demographics certainly warrant two Discount Tire stores."

From the hip

The sign calls it "The Hippest Shoppe in Town," though technically it is not in town yet.

Lillians, a trendy handbags and accessories place, has its sign on the storefront at 223 N. Broadway in Rochester.

The hook for this store is that it is open only four days a month to provide a "razzle-dazzle" shopping experience. The first sale here will be Oct. 11 to Oct. 14. Based in Buffalo, Minn., Lillians has 15 stores in Minnesota, Wisconsin and Iowa.

Biz buzz

Expect a lot of details about major new developments — two in addition to developer Gus Chafoulias’ latest project on Broadway — to explode next week at meetings like the City Planning and Zoning Commission on Wednesday and the Rochester Downtown Alliance on Thursday

Jeff Kiger can be reached at 285-7798 or jkiger@postbulletin.com. Check out Kiger’s Notebook, his Web log on postbulletin.com, for daily updates. Listen for him on the Jake and Tracy in the Morning show on 102.5 The Fox on Wednesdays.