The Post Bulletin is listing its downtown buildings for sale with the intention to move the newspaper operations to another Rochester location.
Publisher Ken Nelson announced the plan Friday morning, saying the sale will not affect the publication of the newspaper. The goal is to move to a facility that better fits the newspaper’s needs.
“We will be looking for a location that will meet our unique requirements for printing and distribution,” he said.
In anticipation of a move, the newspaper is shopping for possible presses to better fit another facility.
The main office and printing complex at 18 First Ave. SE, that dates back to 1955, and the adjacent distribution center built in 2004, are posted for a listed asking price of $22 million.
Rochester commercial Realtor Merl Groteboer, of Re/Max Results, is handling the listing.
Olmsted County estimated the total market value of the property at $5.58 million for 2017-2018. That’s slightly up from an estimate of $5.4 million for 2016-2017.
The Post Bulletin is owned by the Small Newspaper Group, based in Kankakee, Ill. The Small family purchased the Rochester paper in 1977 from the Withers family, who had published a Rochester newspaper since 1916.