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February Newsletter Vol 7. Tips for Preparing A Property for Spring

 

RGI Newsletter Vol. 7

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and grow alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM
 

REALTY GROWTH INC.  Watch On Youtube

  




 



LINK TO OUR CURRENT LISTINGS ONLINE

This Months Highlights

 


301 Broadway Ave N, Rochester, MN, 55906
Listed by Bucky Beeman & Matt Gove
Second-level office space is available and a photography studio is now available with storage in the basement.
$20.00 SF/yr (NNN)
Space Available: 5,802 SF
Property Type: Office
Year built: 1920

 


211 S Broadway, Rochester, MN, 55906
Listed by Bucky Beeman
Are you looking for that perfect downtown location for your office? Well look no further, we just listed this 800 sf office space on the second level of the Kersten Building on South Broadway, it is connected to the skyway and offers 4 parking spaces on the lot. This will not last long, so give us a call to schedule your private showing! 507-289-8000
$1,500 per month (NNN)
Property Type: Retail/Office
Year built: 1878

 


1611-1645 N Broadway, Rochester, MN, 55906
Listed by Nick Pompaine
Welcome to the River Center Plaza! This centrally located retail center has tons of potential and could very well be Rochester's next hot spot. Anchored by locally famous Glynner's Pub, there are several options available for a wide variety of uses. Restaurant, retail, office, the center can accommodate just about any business. Also worth noting, there are 2 national credit coffee shops (Caribou and Starbucks) both within walking distance of the center. Give us a call today to schedule a private showing!
*This listing is being Co-Brokered by Realty Growth Inc and Hamilton Real Estate*

$12.00 SF/yr (NNN)
Space Available: 1,220-2,400 SF
Property Type: Retail
Year built: 1963


6889 10th Ave SW, Rochester, MN 55902 (Unit #1)
Listed by Matt Gove

Great mixed-use commercial space available for lease! This property is located in the SW Industrial Park near the Rochester International Airport and has many potential uses. Featuring common area bathrooms, a waiting/seating area, a private office, a large shop/warehouse area, and an extra upstairs loft, the options are endless.

$3,000.00 per month (Gross)
Space available: 2,430 SF 
Property Type: Office
Year built: 2005

CLOSED DEALS OF FEBRUARY 

 


1628 2nd Avenue SE, Rochester, MN, 55904
 Joe Sveen was a dual agent in this transaction

 


320 East Avenue, Zumbrota
Bucky Beeman was a dual agent in this transaction

 


2212 2nd Street SW
Levels Property Lease
Bucky Beeman represented the landlord in securing a new business to move off second street SW.

 


793 16th St SW, Rochester, MN 55902
Nick Pompeian and Dylan Carty represented the buyer in the purchase of the shopping center.    

 


1340 4th Avenue SW, Rochester, MN, 55902
Bucky Beeman & Dylan Carty represented the seller in this transaction 

 


2521 Pendant Lane NW
(former MN School of business building)
RASA (lease to purchase)
Nick Pompeian represented the tenant

 


1700 North Broadway
Matt Gove represented the lessee in acquiring the retail space for “From Head 2 Toe” Hair, Clothing, Shoes, and Accessories
 


821 3rd Ave SE, Rochester, MN, 55904
Matt Gove represented the lessee in acquiring the office space for Stinson Services

"Tips for Preparing A Property for Spring"

Apply early spring lawn fertilizer once between February and April, when your grass is starting to green up and begin to actively grow (around the time your lawn first needs to be mowed).

Whether you're using a core aerator or a steel spike aerator, you should cover the lawn completely in one direction and go back over it in a perpendicular motion.

Spike aerators punch holes in your lawn as you go, while core aerators work to remove grass and soil plugs.

Be sure all plant material is turned under the soil. If organic material is added before planting a fall garden, it should be well-rotted, such as compost. Before planting, rake the soil clean and level it. Remove all sticks, rocks, and other materials.

Remove vent covers and wash them. Remove your vent covers with your screwdriver. ...
Cover vent openings with paper towels. Cover the openings to your supply registers with a few paper towels. Loosen the dust, vacuum it up and change your air filter then replace vent covers.

Look closely at the icicles around the exterior of your house. If the icicles are confined to the gutters and there is no water trapped behind them, then an ice dam has likely not formed. Check for water stains or moisture in your attic or along with the ceiling of exterior walls of your house.


Winterize your snowblower by adding a Fuel Stabilizer. Every time you refill your gas cans with fresh gasoline, the first step is to add a fuel stabilizer to the can before filling it up. Drain the Fuel out and seal and protect your engine. Then wipe it down and lubricate it. 

Check and change lightbulbs outside of your property if they are no longer working.
Start your air conditioner to ensure it's ready and operating properly or call your landlord or repairman and get it looked at before the warm summer months ahead.

Sweep salt and sand from your garage floor (rinse out with water if needed) 

Check seals on doors and garages to ensure they are close tightly and that there are no holes from animals trying to get inside the property.

Remove plastic film from windows (if you use them to keep heat in)

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.

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RGI Newsletter Vol.7 Good Morning Newsletter

"Good Morning Newsletter" Realty Growth Incorporated

As we round the corner of winter and get ready for spring, we are excited to continue to build on what this year has brought to the office. 

A major goal for us this year was to begin our journey in the world of development. There are a few of us in the office who have done this as individuals, however, it is not something that we have done collectively as a group. This has been a real interest and passion of mine, and, so we have decided to begin down the path, and we have had a lot of fun so far. We are working on a few projects and hope to make an announcement soon on what we have in the works. 

The Rochester market continues to see strong growth and that is no exception in our office. We currently have thirteen transactions set to close over the next three months, which will prove to be a busy spring for us. With that said, with spring comes a lot of new opportunities and business. 

Marketing and social media remain a strong focus for us at Realty Growth. Thanks to the leadership of Bucky Beeman, as well as the creativity of Nathan Hoover, for making this a real possibility and truly bringing our business into the 21st century. So, please, do not forget to follow us on Facebook and Instagram as this is an easy way to stay up to date on the latest trends and local updates in real estate, as well as continue to be a part of our team. 

In closing, enjoy these final days of winter, and look forward to all of the new and wonderful opportunities that have come our way. 

With Warmest Regards, 

Nick Pompeian, Owner and Broker of Realty Growth, Inc. 

 

 
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RGI Good Morning Newsletter Vol. 6

"Good Morning Newsletter" Realty Growth Incorporated

As the new year begins and we have a fresh start, things are already ramping up at Realty Growth! 2021 was an epic year for us, but we are excited to have a clean slate and look forward to continuing that momentum that we have built together.

Every year when leadership sits down to discuss budgets and goals, we always ask how we can be better, do more, be more successful, and be more efficient than years previous. The answers always start and end with our people. Our people are the backbone of who we are and how we do things, and every year we always come out better and more successful than before. The key to all of this is having a positive attitude and a clear and focused mindset. If you believe something will happen, and act and live your life accordingly, there is no choice but to reach, and, most likely, surpass every goal. And that is exactly what we are going to do here at Realty Growth, together, as a team.

There are a lot of exciting things happening in the office, and we cannot wait to share all of these things with you as we move along in 2022. I invite you to follow us on Facebook and Instagram as this is an easy way to stay up to date on the latest trends and local updates in real estate, as well as continue to be a part of our team.
 

In closing, let's have some fun, do great things, continue to grow, and have the most spectacular year yet!

Thank you, and may this year bring you nothing but love and success.
 

With Warmest Regards,

Nick Pompeian, Owner and Broker of Realty Growth, Inc.

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RGI Newsletter Vol. 5 “Year Review & Local Nonprofit Spotlight”

 

RGI Newsletter Vol. 5

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and grow alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM
 

REALTY GROWTH INC.  Watch On Youtube

  




 

LINK TO OUR CURRENT LISTINGS ONLINE

RGI 2021 Recap
35 commercial leases signed
35 commercial sales closed averaging $1,366,316/sale
27 residential sales closed (single-family to four-unit buildings) averaging $220,629/sale
50+ total market update videos 
6 Monthly Newsletters


Local Non-Profit Highlight

Gift of Life Transplant House

Nick Pompeian wanted to contribute to the Gift of Life Transplant House because it is very near and dear to his heart. His dad not only founded the organization in 1984,  but Nick has had the honor and pleasure of being a part of that journey spending a lot of time volunteering, meeting and building family like relationships with those that stay there, and acting as the board president and board member. The pandemic has been extra hard on the house, as it serves an extremely vulnerable population, as all transplant patients are immunocompromised. Nick thought that this year would be the perfect year to thank this organization for all of the hard work and dedication to keeping transplant patients safe, comfortable, and calm during an already difficult time in their lives and even more with the pandemic. 

In 1973 Edward Pompeian received “the gift of life,” a kidney, from his mother, Helen. Ed’s personal experience with transplantation led him to believe that the health and well-being of transplant patients and their families would be better served by living in a home-like setting. For years after his transplant, Ed searched for a suitable home, finding it at 624 W. Center St. in August, 1984. Working with three Mayo Clinic Rochester employees, Mary Davie, Dr. Sylvester Sterioff, and Greg Warner, the 1st Board of Directors, Ed was able to raise community support and the funds for a down-payment. In December 1984, Gift of Life, Inc., officially opened its doors. The three-story, eight-guest-room, Craftsman-style house at 624 West Center Street, Rochester provided accommodations for 16. Requests for rooms grew quickly.

In 1988, the convent at St. John’s Catholic Church, Rochester, was leased to help meet needs. Guest-room capacity increased to 21. In 1991, an executive director and a facilities manager were hired, and plans for a larger home were drafted.

In 1994, Gift of Life’s Board of Directors purchased the Judd house, near downtown Rochester and five blocks from Mayo Clinic. Renovations along with adding a north-side wing to the house began immediately. In 2000, a west wing was added, bringing the total guest room count to 48. December of 2002, this wing was renamed in honor of our friend and benefactor, Norman L. Gillette, Jr., owner of Pepsi-Cola Bottling, Rochester/LaCrosse. By this time, Ed was being tested for a 2nd kidney transplant and received his 2nd kidney from his son in 2004.

The need for affordable lodging continued to grow and in November 2009, a second house opened across the street from the main campus. The additional 36 guest rooms at the Anne and Henry Zarrow Home made the Gift of Life Transplant House the largest transplant house program in the country at 84 rooms. From the beginning to today, almost 35 years later, providing a supportive home-like environment for transplant patients and their caregivers to heal has been the inspiration.

The story doesn’t end here. Each guest who makes Gift of Life Transplant House their ‘home away from home’ reinforces the vision of Ed Pompeian. Their courage, gratitude and appreciation inspire us every day and the same determination that Ed Pompeian had to provide affordable accommodations continues today.


The Landing MN
 

Nathan Hoover wanted to contribute to The Landing MN because as we all know homelessness is an issue in our world. We would like to thank Dan Fifield, his wife Holly, and many others like Nathan who have donated their time serving and bringing awareness to an underserved community. Nathan has served with The Project Hope movement at many community outreach and service events over the last couple of years. Nathan intends to continue his service in the community in the future.

In 2017, The Landing MN started as just a dream. The concept came as an idea to co-founder Holly Fifield as she had a conversation with a friend, where they discussed the need for a retreat for those suffering and in need of spiritual and mental healing. This was the conversation that set the groundwork for what The Landing MN would come to be. That same night, co-founder Dan Fifield had a dream about a place called ‘The Landing’, a cabin on a lake that served as a place for retreats to help those in any place of need. Little did they know, The Landing would grow to be much more.

Throughout the next year, The Landing MN sat dormant as just a dream, as the timing didn’t present itself to bring this dream to fruition. Then, in November 2018, a series of events occurred that turned the tables and put the wheels in motion. The sheet was pulled back on the extensive homeless community in Dan and Holly’s hometown, and they were exposed to the vast reality of the in-need population surrounding them. They realized how much their community desperately needed a place for those who are suffering – not just homeless individuals, but anyone in any place of physical, mental, emotional, or spiritual distress.


Bolder Options

Gunnar Grimsrud wanted to contribute to the Bolder Options because he volunteered for their mentorship program this past year and saw firsthand the impact that they have on the community. Bolder Options is a great program to give kids a chance to spend time with a mentor that cares about them and is able to teach them how to be respectful and responsible young adults. The bond that Gunnar developed with his mentee this past year is something he will remember for the rest of his life.

Bolder Options was established in 1993 as a response to a community needs assessment that determined there was an urgent need for mentoring programs in the Twin Cities. The St. Paul location was officially launched in January of 2007.

A few years later, They expanded their program to the city of Rochester which was officially launched in July of 2010.

In 2018, Bolder Options expanded the alumni program, leaning on new partnerships with alumni mentor-run Quetico Foundation US to support week-long trips to places like the BWCA and Montana.

Bolder Options has been recognized as an Expert Partner in mentoring by Mentor Minnesota and the National Mentoring Partnership since 2010.


Boys & Girls Club of Rochester

Austin Braatz wanted to contribute to the Boys & Girls Club of Rochester. This program meant a lot to Austin as a kid growing up in Rochester as a fun, safe space to go after school and play ping pong with friends. The mentoring they provide for kids is essential for success, and their approach to helping the community has been consistent in the 20+ years they’ve been in Rochester. They rely on their partners and volunteers, as well as donations to do what they do. Austin strongly recommends considering giving back to this program so they can continue their great work to serve this community!

Our Mission

To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.

Our Vision

Provide a world-class Club Experience that assures success is within reach of every young person who enters our doors, with all members on track to graduate from high school with a plan for the future, demonstrating good character and citizenship, and living a healthy lifestyle.

Our Commitment to Inclusion

They believe every kid has what it takes. The mission and core beliefs of Boys & Girls Clubs fuel our commitment to promoting safe, positive and inclusive environments for all. Boys & Girls Clubs of America supports all youth and teens – of every race, ethnicity, gender, gender expression, sexual orientation, ability, socio-economic status, and religion – in reaching their full potential. 

Our Great Past

Boys & Girls Clubs of America had its beginnings in 1860 with three women in Hartford, Connecticut - Mary Goodwin, Alice Goodwin and Elizabeth Hammersley. Believing that boys who roamed the streets should have a positive alternative, they organized the first Club. With character development as the cornerstone of the experience, the Club focused on capturing boys interests, improving their behavior and increasing their personal expectations and goals. A cause was born.

In 1906, several Boys Clubs decided to affiliate. The Federated Boys Clubs in Boston was formed with 53 member organizations – this marked the start of a nationwide Movement and our national organization.

In 1931, the Boys Club Federation of America became Boys Clubs of America.

In 1956, Boys Clubs of America celebrated its 50th anniversary and received a U.S. Congressional Charter.

To recognize the fact that girls are a part of our cause, the national organization's name was changed to Boys & Girls Clubs of America in 1990. Accordingly, Congress amended and renewed our charter.

2006 marked the Centennial year of Boys & Girls Clubs of America, as we celebrated 100 years of providing hope and opportunity to young people across the country.


PEM Quarterback Club
 

Joe Sveen wanted to donate to the Plainview-Elgin-Millville Quarterback Club.  Once upon a time, Joe was a PEM Bulldog and he believes the Plainview-Elgin-Millville Football program provides a strong foundation to prepare young men for the real world.  The PEM football team was the 2021 Minnesota Class 3A State Runner-up!

The purpose of organizing a booster club will be to support football by including parents, grandparents, alumni, fans, and businesses.  The goal for the group will be to promote the Bulldog Football Teams by increasing fan involvement, holding social events, raising money, and having fun. If interested in being a part of the Bulldog Quarterback Club please contact or Mark Bartsh at 507-534-2854 or stop by the Bulldog Quarterback Club Booth at any Varsity home game


Collider Foundation 

Bucky Beeman wanted to contribute to the Collider Foundation's continued growth in the community. The team and initiatives that Collider is building are helping many entrepreneurs in the community. It is superb to see the different ways they have lent a helping hand to so many. Thank You to non-profits such as this one that is making Rochester a better place. 

OUR MISSION

Collider activates, connects, and empowers our local early-stage entrepreneurs.

OUR VISION

They believe there should be zero barriers to entrepreneurship for everyone in Rochester with a great idea and a passion to see it grow.

WHAT WE DO

Collider activates, connects, and empowers Rochester’s early-stage entrepreneurs and small businesses with 1:1 ecosystem navigation, education, space, and storytelling to help foster an inclusive, diverse, and healthy entrepreneurial ecosystem.

They believe that entrepreneurship should be accessible to EVERYONE in Rochester.


Ronald McDonald House of Rochester, MN

Nate Carty wanted to contribute to the Ronald McDonald House of Rochester because their primary focus is to help the health and well being of children. They have over 650 programs worldwide to help children in every aspect of life. The children of today are the future of tomorrow and it is very important that we make sure the ones struggling have a fighting chance with the help of us and the community. 

MISSION

The Ronald McDonald House of Rochester, Minnesota, provides a home away from home and gives support to families seeking medical care for their children.

In 2018, The Ronald McDonald House® of Rochester provided a home to 467 families from around the United States and the world. The House is a 501(c)(3) nonprofit organization. Governed by a volunteer board of trustees, the House hosts 70 families each night and has been in operation since 1980.

CORE VALUES

Compassion – We are mindful of our families’ needs and demonstrate the utmost concern and care for each family.

Hospitality With Heart – We provide a warm, welcoming environment where children feel safe, comfortable and loved and their families gain strength and hope.

Mutual Respect – We respect and serve with dignity our families, volunteers, staff and community; honoring and valuing the talents and diversity of all.

Community Partner – We collaborate creatively in order to advance our mission, foster volunteerism and unite and enrich our community.

Sound Management – Our programs are sound, safe, and well-maintained. Our management of resources is efficient, accountable and responsible.

Excellence – We are committed to the highest quality services marked by compassion, integrity, innovation, honesty and unparalleled teamwork.

ABOUT RONALD MCDONALD HOUSE CHARITIES®

Ronald McDonald House Charities® (RMHC®), a non-profit, 501(c)(3) corporation, creates, finds and supports programs that directly improve the health and well-being of children and their families. Through its global network of nearly 290 Chapters in more than 64 countries and regions and its three core programs, the Ronald McDonald House®, the Ronald McDonald Family Room® and the Ronald McDonald Care Mobile. RMHC keeps families with sick children close to each other and the medical care their child needs at leading hospitals worldwide. RMHC programs not only provide access to quality health care, they enable family-centered care ensuring families are fully supported and actively involved in their children’s care. For more information, visit rmhc.org.


Gift of Life Transplant House

Dylan Carty wanted to contribute to the Gift of Life Transplant House. This non profit means a lot to Dylan due to his relationship with the Founder, Ed Pompeian. Mr.Pompeian left a very positive impression on Dylan as he had the ability to work side by side with him prior to his passing in 2019. The non profit continues to thrive and give back to so many families from all over the world. Dylan's gift is in remembrance of Ed Pompeian and to show gratitude to his work in our community! 

 

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.


 

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“Good Morning Newsletter” Realty Growth Inc Vol. 5

"Good Morning Newsletter" Realty Growth Incorporated

As the year comes to a close, and we experience all of the hope, love, and excitement of the holiday season, we at Realty Growth have so much to be thankful for. Despite the challenges that we all have endured over the last two years, we managed to have a great year and are looking forward to what 2022 has in store for us. Because of this, we want to focus this month on giving back to the community and organizations that have given so much to so many people. 
To help everyone get into the holiday spirit, we wanted to take the time to focus on those in the community that gives so much hope, joy, and love to so many; the amazing nonprofits that serve our wonderful city of Rochester and surrounding communities. We wish that we could spotlight all of the great nonprofits that serve this area, however, if we were to do that the issue would literally be hundreds of pages long!  In fact, did you know that Rochester has one of the highest per capita number of nonprofits in the United States? This is true and is another reason why Rochester is such an amazing place to live and be a part of. 
To show our thanks and gratitude to these organizations, we are continuing to make our year-end donations to various nonprofits. For the past six years, the partners of the firm have asked each individual in our office to choose a nonprofit of their choice to donate to. In turn, Realty Growth will make a donation on their behalf and have the individual personally deliver the check to the organization of their choice. This is an easy way for us to say thank you to non-profits in our area for doing the selfless and amazing work that they do, while also building lasting and meaningful relationships with our community. Being in the non-profit realm is not easy, and it takes an incredible group of people who make it their life mission to serve others. It is because of these people that makes us all better people in this world. So, thank you, to all the nonprofits and your employees that serve those in need! 

I want to wish you a blessed and safe holiday season. This time of year is so special, as much of it is spent with family and friends and reminiscing of years past. I know that for myself personally, this year is extra special, as not only is this the first Christmas I will be spending with my family since the pandemic began, but also because this will be my daughter Nadia's first Christmas! This is truly the most wonderful time of the year, and I wish you and yours nothing but the merriest and happiest of holidays. Cheers to you, and all the best for a successful and prosperous New Year!  



With Warmest Regards, 


Nick Pompeian, Owner and Broker of Realty Growth, Inc.

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Ichi Tokyo Small Business Highlight


Ichi Tokyo

Nate Carty chose Ichi Tokyo as my restaurant to highlight this month because they are the best spot in town for fresh sushi! All you can eat sushi for lunch and dinner is a no-brainer if you're hungry and looking for some creative rolls. They have a huge menu of different hibachi dishes as well if sushi is not your thing. Not to mention their customer service is top-notch, as well as the cleanliness of their restaurants. I try to get there every other week, if not once a week, and have some of their great sushi, and I suggest you try it as well!

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Compassion Acre Small Business Highlight


Compassion Acre

Gunnar Grimsrud chose to highlight Compassion Acre Congratulations to Allison Kocak for following her dreams and purchasing her very own commercial building for her doggy daycare business! 

I met Allison around a year ago because she inquired about one of the commercial buildings that RGI had listed near the YMCA. We toured it, discussed pricing, and ultimately decided that the location would not work out for her. However, Allison gave me the great honor of representing her as her Realtor as she continued her search for her dream location. 

Little did we know, this was the start of a grueling 10-month search that was full of rejection, failed negotiations, and heartbreak. However, Allison and I did not view it that way as each rejection and blocked road was a learning experience for us that gave us determination and insight to keep pushing forward. 

Eventually, nearly a year into our search we finally found the perfect spot on Commerce Drive in southwest Rochester. The owner was Jerry Fischer and his wife Ruth; a couple who has had a strong presence in the dog boarding industry for several decades. They were able to see Allison’s vision and dream for the location and after many weeks of negotiation, we were able to close on the sale of 3902 Commerce Ct. 

I am so incredibly proud of Allison for her hard work and determination even through the toughest of times. We faced obstacles that would cause most people to quit but she stayed focused on the goal all along. I am honored to call her a friend, and I cannot wait to see what is in store for her, her family, and her business.

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Tyrol Ski & Sport Small Business Highlight


Tyrol Ski & Sport
Austin Braatz chose to highlight Tyrol Ski & Sports, a local small business, who has been supplying outdoor enthusiasts in Rochester with gear since 1965. As one of my favorite stores in town, I go there for all my snowboarding needs. I appreciate how knowledgeable and friendly their staff has been to me over the years, and I jumped at the opportunity to highlight them! They of course specialize in ski and snowboarding products, but also have a great selection of winter clothing. If you’re looking to get some gear this winter I highly recommend checking out what the experienced staff at Tyrol has to offer.

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Tace JED Small Business Highlight

Taco JED

Dylan Carty had the opportunity of meeting Steve Dunn the owner of Taco Jed in September of 2017. Steve had been looking for locations in Rochester, Mankato, St cloud, and Duluth to start his new concept taco restaurant. Steve was not from Rochester and had minimal market knowledge but he had built successful restaurant concepts before so he knew what he was looking for. Steve has always joked with Dylan that he picked him to help him find his location because he is a big Bob Dylan fan and it just made sense given his name. Steve and Dylan spent a lot of time together identifying locations and putting together market data before Steve selected Rochester as the site for his 1st location. In October of 2018, Steve opened Taco Jed at 808 S Broadway. Anyone who knows Steve knows he is very active in the restaurant and loves his customers like family and his broker is no different! Steve and Dylan remain good friends and are always in talks about future growth and possible expansion for Taco Jed!

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Victoria Family Highlight


Victoria Family

Nick Pompeian met Natalie Victoria about nine years ago at a Post Bulletin networking event at the Rochester Golf and Country Club. I had just got started in commercial real estate and my Dad had mentioned that I needed to go and build my network. Back in those days, networking events are how we met people in hopes of building relationships and our business. I knew Natalie from the many dinners that my family had at the original Victoria’s which was in the Brackenridge Plaza on 2nd Street SW. However, I never had spoken to her in a professional setting such as this.  I will never forget speaking with Natalie that day. One of the first questions she asked was, “Are you working with your dad now?” I remember nervously saying yes. She responded by asking me for my business card, which I vividly remember nervously grabbing out of my coat pocket to give to her. Her final response to me was, “I am going to call you.” 

 I quickly found out that she and her partner were looking for a building as they wanted to start a bar. I knew exactly the building, and after meeting on several occasions, Natalie and Sid Victoria and Christine and Eric Stahl decided to make an offer on the former Hight and Randall building located at 10 3rd Street SW. To make a long story short, that offer was accepted, and the Tap House became a staple in downtown Rochester. Because the Tap House was such a success, a few years later I had the pleasure of working with Natalie and Christine again and represented them in the purchasing of a lot on west circle drive where the Tap House West End sits today.

Throughout the years, I have had the pleasure of building a real friendship with Natalie and the others in her family. We regularly talk about the kids, what they are up to, what vacations they are going on, etc… Natalie has also played a prominent role in my personal life. I met my wife at the Tap House on November 21, 2017. I held her surprise 30th birthday at the Tap House, which I later proposed to her that night. We have had our annual office dinner at Victoria’s for years. Victoria’s served the luncheon at my Dad’s funeral. We have had many family gatherings over the Holidays at Victoria’s. The countless happy hours and late-night beers at the Tap House and Tap House West End provided some wonderful memories. For many of life’s big and memorable events, Natalie and her family have been there serving up their hospitality and love.

I will never forget the moment I met Natalie. I often have thought to myself why, at that time, would someone that is established want to call a young kid like me who had no experience in real estate. The answer is very clear; it was because she saw the potential and wanted to see the next generation grow! And that is exactly what Natalie and Sid are doing with their new restaurant. They are taking a chance on the next generation which I guarantee will be well worth it. 

In closing, I want to say thank you, Natalie, Sid, and Victoria's family. Thank you for taking a chance on a 24-year-old, who had no experience, no resume of sales, and no business working with someone such as yourselves. Thank you for helping me and my family in some of life’s most exciting and difficult times by being there for us when we needed you most. Most of all, thank you for taking a chance on family, being patient, and educating the next generation on how to build a successful business. I am forever grateful to you and your family, and I am so excited to see Sorellina’s come to life. Congratulations a million times over and thank you for all you have done for me, my family, and my business! I am looking forward to continuing the work we have started and built on the strong and meaningful relationship we have with one another. 


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Real Deals Small Business Highlight


Real Deals

Bucky Beeman and Dylan Carty met Ashley and Andrew early on in their entrepreneurial journey. They had an idea to open a store called "Real Deals" which had been run in other states across the Midwest. Ashley was extremely excited to bring this store to Rochester. The Design District of Rochester is where we helped them get a location after looking around and coming back to this space multiple times. The affordability of an old warehouse and being close to other businesses of scale was the deciding factor. Never could we have guessed that Ashley would be this busy and successful in such a short time. Ashley shared that there were many hurdles and roadblocks such as road construction, COVID-19 while getting into business, but overall she has enjoyed it despite having many obstacles early on. Social media live streams were how she combated the issues and made sales while people were at home and not working during the pandemic. These live streams built a community and fanbase through Facebook and Instagram where people could communicate about what products they should buy and why. These online supporters helped Ashley grow to the point where she reached out to Bucky and Dylan with a huge vision that she had for a new location. After a short time and lots of negotiation, they secured a piece of land for a fair deal. At this current moment, Ashley is talking to general contractors and architects to get ready to turn dirt on the new store location. They will be leaving the store on 6th Ave and this site will be for lease and hopefully a springboard for another small business into the community. Come next spring or summer Ashley will have a brand new beautiful store to provide great products to the community. We are so thankful to have the opportunity to work with Ashley and Andrew to get to the next level of business. We are fortunate that they have decided that we are the best firm for them to work with.


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RGI Newsletter Vol. 4 “Season Of Giving Thanks”

 

RGI Newsletter Vol. 4

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and grow alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM
 

REALTY GROWTH INC.  Watch On Youtube

  




 


Our listings this month
Land Industrial Residential Retail

 


240 S Main St, Pine Island, MN 55963
Bowman's Butcher Block

This sale includes a business and building. The operating butcher shop has a long positive history in the community. The retail area of the butcher shop was recently remodeled. The business is open and can stay in place with the sale. If someone would like to put a new business in this property this is also a possibility. The building is in good shape and has charm with a brick facade and modern interior finishes. Come join the Pine Island business community on Main Street.
Year built 1885
Building size 1,764 SF
Listing price $215,000
Listed by Bucky Beeman

208 E Main St Caledonia, Minnesota, 55921
Rustic Tap

Newly renovated restaurant from top to bottom, available for sale. The entire main floor has been updated featuring a full bar, seating for the restaurant, restrooms, commercial kitchen, restrooms, and more. If you are looking for the opportunity to create your brand without having to worry about a construction project this is the place for you. The building has been updated with a new HVAC, Plumbing, Electrical, Sprinkler System and will allow for you to focus on growing a great business. Upstairs features 3 apartments that will add to your bottom line adding extra income to your bottom line. If you are looking to build a business this location is worth a look. Situated on Main Street and the corner the ability to place signage will allow for your concept to become known. Be sure to inquire about a private tour today!

Number of Rooms 3
Building size 10,304 SF
Year built 1880
Listing price $800,000 
Listed by Bucky Beeman
 

                                        

228 N Main Street, Janesville, MN, 56048

Purple Goose

Great business/Eatery and Saloon, the only bar in town and the largest venue space in the city that offers liquor! This great opportunity is located in central Janesville, MN. The very family-friendly restaurant offers to dine in/take out with seating for 150 and includes a dance/meeting hall venue space with an additional bar and 275 capacity. This amazing place is known as a community favorite with tons of "regulars." Tons of improvements and tools of the trade are all included. "Hay Daze", Janesville's annual city celebration blocks off the street for live music, food, and a carnival right out front of the Purple Goose! "The Purple Goose" is an amazing place known for its heart." This Janesville hotspot is worth a tour!
Lot size 9,240 SF
Building Size 7,290 SF
Year Built 1977
 Listing price $249,000 
Listed by Bucky Beeman
 


809 Cedar Street, Houston, MN 55943

Loken's Sawmill Inn and Suites
 Guests that use the property are visiting for great hunting, fishing, biking, business, and events such as weddings. The property has been built and owned by one local family. You will find the rooms and buildings are in great shape and have a certain cozy factor to them. Consider living on-site and benefiting from what the Bluff Country and Houston County have to offer. So many opportunities to continually keep running this superb business. With the increased desire to travel this is a great year to take over the business. You will see this business has been extremely well maintained by the owners and original developers.
Number of rooms 14
Building size 8,648 SF
Year built 2005
Lot size 0.72 Acres
Award-winning Hotel in 2010
Listing price $650,000
Listed by Gunnar Grimsrud



Closed deals this month
 


505 5th Avenue NW, Rochester
Sold for $152,000
Bucky Beeman represented the Buyer
Closed 11/1/21
               
 

      
8526 Oak Hills Drive SW, Rochester
Sold for $193,250 
 Joe Sveen represented the buyer   
Closed 11/11/21  
           
               

               
1155 16th Street SW 
Sold for $1,750,000
Nick Pompeian represented the buyer
       Closed 11/17/21            

 


418 West Main St, Wabasha 
Sold for $150,000
Bucky Beeman represented the seller
Closed 11/19/21



Local Small Business Highlight

 


Real Deals

Bucky Beeman and Dylan Carty met Ashley and Andrew early on in their entrepreneurial journey. They had an idea to open a store called "Real Deals" which had been run in other states across the Midwest. Ashley was extremely excited to bring this store to Rochester. The Design District of Rochester is where we helped them get a location after looking around and coming back to this space multiple times. The affordability of an old warehouse and being close to other businesses of scale was the deciding factor. Never could we have guessed that Ashley would be this busy and successful in such a short time. Ashley shared that there were many hurdles and roadblocks such as road construction, COVID-19 while getting into business, but overall she has enjoyed it despite having many obstacles early on. Social media live streams were how she combated the issues and made sales while people were at home and not working during the pandemic. These live streams built a community and fanbase through Facebook and Instagram where people could communicate about what products they should buy and why. These online supporters helped Ashley grow to the point where she reached out to Bucky and Dylan with a huge vision that she had for a new location. After a short time and lots of negotiation, they secured a piece of land for a fair deal. At this current moment, Ashley is talking to general contractors and architects to get ready to turn dirt on the new store location. They will be leaving the store on 6th Ave and this site will be for lease and hopefully a springboard for another small business into the community. Come next spring or summer Ashley will have a brand new beautiful store to provide great products to the community. We are so thankful to have the opportunity to work with Ashley and Andrew to get to the next level of business. We are fortunate that they have decided that we are the best firm for them to work with.



 


Victoria Family

Nick Pompeian met Natalie Victoria about nine years ago at a Post Bulletin networking event at the Rochester Golf and Country Club. I had just got started in commercial real estate and my Dad had mentioned that I needed to go and build my network. Back in those days, networking events are how we met people in hopes of building relationships and our business. I knew Natalie from the many dinners that my family had at the original Victoria’s which was in the Brackenridge Plaza on 2nd Street SW. However, I never had spoken to her in a professional setting such as this.  I will never forget speaking with Natalie that day. One of the first questions she asked was, “Are you working with your dad now?” I remember nervously saying yes. She responded by asking me for my business card, which I vividly remember nervously grabbing out of my coat pocket to give to her. Her final response to me was, “I am going to call you.” 

 I quickly found out that she and her partner were looking for a building as they wanted to start a bar. I knew exactly the building, and after meeting on several occasions, Natalie and Sid Victoria and Christine and Eric Stahl decided to make an offer on the former Hight and Randall building located at 10 3rd Street SW. To make a long story short, that offer was accepted, and the Tap House became a staple in downtown Rochester. Because the Tap House was such a success, a few years later I had the pleasure of working with Natalie and Christine again and represented them in the purchasing of a lot on west circle drive where the Tap House West End sits today.

Throughout the years, I have had the pleasure of building a real friendship with Natalie and the others in her family. We regularly talk about the kids, what they are up to, what vacations they are going on, etc… Natalie has also played a prominent role in my personal life. I met my wife at the Tap House on November 21, 2017. I held her surprise 30th birthday at the Tap House, which I later proposed to her that night. We have had our annual office dinner at Victoria’s for years. Victoria’s served the luncheon at my Dad’s funeral. We have had many family gatherings over the Holidays at Victoria’s. The countless happy hours and late-night beers at the Tap House and Tap House West End provided some wonderful memories. For many of life’s big and memorable events, Natalie and her family have been there serving up their hospitality and love.

I will never forget the moment I met Natalie. I often have thought to myself why, at that time, would someone that is established want to call a young kid like me who had no experience in real estate. The answer is very clear; it was because she saw the potential and wanted to see the next generation grow! And that is exactly what Natalie and Sid are doing with their new restaurant. They are taking a chance on the next generation which I guarantee will be well worth it. 

In closing, I want to say thank you, Natalie, Sid, and Victoria's family. Thank you for taking a chance on a 24-year-old, who had no experience, no resume of sales, and no business working with someone such as yourselves. Thank you for helping me and my family in some of life’s most exciting and difficult times by being there for us when we needed you most. Most of all, thank you for taking a chance on family, being patient, and educating the next generation on how to build a successful business. I am forever grateful to you and your family, and I am so excited to see Sorellina’s come to life. Congratulations a million times over and thank you for all you have done for me, my family, and my business! I am looking forward to continuing the work we have started and built on the strong and meaningful relationship we have with one another. 


                                                  



Joe Sveen represented the buyer and seller in this transaction.  The buyer, who is a local developer and homebuilder, plans to develop the land into residential lots and eventually start building homes. If you or anyone you know has any potential development land, feel free to give us a call at 507-289-8000 for  free market analysis.
 



Taco JED
Dylan Carty had the opportunity of meeting Steve Dunn the owner of Taco Jed in September of 2017. Steve had been looking for locations in Rochester, Mankato, St cloud, and Duluth to start his new concept taco restaurant. Steve was not from Rochester and had minimal market knowledge but he had built successful restaurant concepts before so he knew what he was looking for. Steve has always joked with Dylan that he picked him to help him find his location because he is a big Bob Dylan fan and it just made sense given his name. Steve and Dylan spent a lot of time together identifying locations and putting together market data before Steve selected Rochester as the site for his 1st location. In October of 2018, Steve opened Taco Jed at 808 S Broadway. Anyone who knows Steve knows he is very active in the restaurant and loves his customers like family and his broker is no different! Steve and Dylan remain good friends and are always in talks about future growth and possible expansion for Taco Jed!



 


Tyrol Ski & Sport
Austin Braatz chose to highlight Tyrol Ski & Sports, a local small business, who has been supplying outdoor enthusiasts in Rochester with gear since 1965. As one of my favorite stores in town, I go there for all my snowboarding needs. I appreciate how knowledgeable and friendly their staff has been to me over the years, and I jumped at the opportunity to highlight them! They of course specialize in ski and snowboarding products, but also have a great selection of winter clothing. If you’re looking to get some gear this winter I highly recommend checking out what the experienced staff at Tyrol has to offer.



 


Compassion Acre

Gunnar Grimsrud chose to highlight Compassion Acre Congratulations to Allison Kocak for following her dreams and purchasing her very own commercial building for her doggy daycare business! 

I met Allison around a year ago because she inquired about one of the commercial buildings that RGI had listed near the YMCA. We toured it, discussed pricing, and ultimately decided that the location would not work out for her. However, Allison gave me the great honor of representing her as her Realtor as she continued her search for her dream location. 

Little did we know, this was the start of a grueling 10-month search that was full of rejection, failed negotiations, and heartbreak. However, Allison and I did not view it that way as each rejection and blocked road was a learning experience for us that gave us determination and insight to keep pushing forward. 

Eventually, nearly a year into our search we finally found the perfect spot on Commerce Drive in southwest Rochester. The owner was Jerry Fischer and his wife Ruth; a couple who has had a strong presence in the dog boarding industry for several decades. They were able to see Allison’s vision and dream for the location and after many weeks of negotiation, we were able to close on the sale of 3902 Commerce Ct. 

I am so incredibly proud of Allison for her hard work and determination even through the toughest of times. We faced obstacles that would cause most people to quit but she stayed focused on the goal all along. I am honored to call her a friend, and I cannot wait to see what is in store for her, her family, and her business.

 



Ichi Tokyo

Nate Carty chose Ichi Tokyo as my restaurant to highlight this month because they are the best spot in town for fresh sushi! All you can eat sushi for lunch and dinner is a no-brainer if you're hungry and looking for some creative rolls. They have a huge menu of different hibachi dishes as well if sushi is not your thing. Not to mention their customer service is top-notch, as well as the cleanliness of their restaurants. I try to get there every other week, if not once a week, and have some of their great sushi, and I suggest you try it as well!
 

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.


 

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“Good Morning Newsletter” Realty Growth Inc Vol. 4

"Good Morning Newsletter" Realty Growth Inc

As our beautiful fall weather comes to an end and we begin to look forward to the winter season, we have much to be thankful for at Realty Growth. 
First and foremost, I would like to thank all our staff for all their hard work and dedication this year. These past two years have been extremely difficult for everyone, as we all have had to endure the effects of the pandemic. So much has been sacrificed, but we have been so fortunate to be able to continue to do what we have always done; serve our clients and sell real estate. 
We have been extremely busy, and our staff are truly the heartbeat of our organization. With the challenges these past two years have posed, a lot of extra hours, grinding through deals, and showing up has been something that everyone has embraced. Their dedication, passion, and teamwork is evident every day, and for that, I say thank you!
Secondly, I would like to thank my partners. Thank you for riding this crazy wave. Thank you for your support. Thank you for building something together bigger than any of us could imagine. Thank you for being open and honest. Thank you for being you. 
Lastly, and most importantly, I would like to personally thank all of you, our clients, our friends, and our partners. Without you, we could not continue to do what we do. So, thank you for everything that you have done, are doing, and will continue to do. 
In this issue you will see just a few of the many clients that we have been so blessed to help along in their real estate journey. This is just a handful, and please know that each one of you is so special to us. If we were to spotlight every single client, the newsletter surely would be hundreds of pages long!
In closing, I want to wish you a blessed and safe Thanksgiving. Enjoy this time of year with family and friends, and please remember to thank those that have made a difference in your life. Thank you again for all you do!


With Warmest Regards, 

Nick Pompeian, Owner and Broker of Realty Growth, Inc. 

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RGI Newsletter Vol. 3 “Preparing Your Property For Winter”

RGI Newsletter Vol. 3

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and growing alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM
 

REALTY GROWTH INC.  Watch On Youtube

  




 


Our listings this month
Land Industrial Residential Retail

 


240 S Main St, Pine Island, MN 55963
Bowman's Butcher Block

This sale includes a business and building. The operating butcher shop has a long positive history in the community. The retail area of the butcher shop was recently remodeled.The business is open and can stay in place with the sale. If someone would like to put a new business in this property this is also a possibility. The building is in good shape and has charm with brick facade and modern interior finishes. Come join the Pine Island business community on Main Street.
Listing price $215,000
Building size 1,764 SF
Year built 1885
Listed by Bucky Beeman


 

318 Broadway Ave S, Rochester, MN 55904
Broadway Ave S Office Space
FOR LEASE $30,516.00 SF/yr (NNN)
Office space available in a historic building in downtown Rochester with exposed brick. Stairs and secured entrance leading to the second level. LED lights overhead with a nice view of the downtown. Centrally located with signage available.
Building size 1,795 SF
Lot size 0.051 Acres
Year built 1900
Listed by Bucky Beeman
 

                                        

1541 and 1545 2nd Avenue NE, Rochester, MN 55906

Multifamily For Sale
Two all brick eight unit apartment buildings for sale. Each building contains 7 two bedroom 1 bathroom units and 1 one bedroom 1 bathroom unit. Building improvements include new roof, new HVAC, new water heaters and much more.
Number of units 16
Building Size 12,366 SF
Year Built 1958
 Sale price $1,475,000 
Listed by Dylan Carty and Nick Pompeian
 


809 Cedar Street, Houston, MN 55943

Loken's Sawmill Inn and Suites
 Guests that use the property are visiting for great hunting, fishing, biking, business, and events such as weddings. The property has been built and owned by one local family. You will find the rooms and building are in great shape and have a certain cozy factor to them. Consider living on-site and benefiting from what the Bluff Country and Houston County have to offer. So many opportunities to continually keep running this superb business. With the increased desire to travel this is a great year to take over the business. You will see this business has been extremely well maintained by the owners and original developers.
Listed price $650,000
Number of rooms 14
Building size 8,648 SF
Year built 2005
Lot size 0.72 Acres
Award winning Hotel in 2010
Listed by Gunnar Grimsrud


Closed deals this month

 


204 N Main St
Stewartville, MN 55976
NNN investment property with additional space for lease next-door
Local investor purchased The Family Dollar and will continue to keep it running.
Sold by Bucky Beeman 

 


Red Hawk Drive SE , Rochester, MN, 55904
Property is located on Red Hawk Drive in rapidly growing area in Rochester, Minnesota. 2.81 acres available for Residential Development in the established neighborhood of Valley Side Estates. All utilities installed at the property line for connection. Site Flexibility for large lot single family homes. Amazing views, wildlife, and close amenities.
Listed by Bucky Beeman
Sold by Joe Sveen

 


505 5th Avenue NW, Rochester, MN, 55901

Unique home with updated kitchen walking distance to Mayo. Tiled kitchen floor, with stainless appliances walk out double French doors to your private deck with pergola & quaint back yard which includes a fire pit.

BR 3
Bath 1
Year Built 1890
Total Sq FT 1,560
0.14 Acres
1 1/2 stories
Listed by Randa Mickelson
Sold by Bucky Beeman

 


313 Lawrence Boulevard W, Wabasha, MN, 55981
 Nestled along the riverfront this 3 bedroom, 2 bath home with a spacious sunroom allows you to enjoy the river year round. Watch eagles soar as boaters and barges ply the waterfront. You can obtain a permit to have your own private dock right out your front door. 
Built in 1905
Total Sq FT 2,107
0.11 Acres
Listed by Daniel Wagner
Sold by Bucky Beeman

Educational information

  1. Make sure your fans are switched to the reverse or clockwise position, which will blow warm air down to the floor for enhanced energy efficiency and comfort
  2. Cover windows in plastic for efficiency to keep warm air in or cold air out
  3. Free sand/sat mixtures available near the YMCS downtown, off 1st Ave and at the Northbrook Shopping Center
  4. Check snowblower (gas and oil) (make sure it starts) replace spark plugs, lubricate bearings, check for damage and check tire pressure
  5. Unhook hose (make sure waters off) and store them away for the winter to prevent cracks, preserve shape and prolong life.
  6. Drain water from outdoor pipes, valves and sprinklers heads to protect against pipe bursts
  7. Pink styrofoam insulating around doors you don’t use much to keep heat inside and cool air outside
  8. Check light-bulbs outside property’s so that they work (you don’t have to change them in the cold) Good illumination will help minimize the chance of accidents on icy walkways or night
  9. Check drainage inside the house and garage to make sure everything is working properly
  10. Clean your chimney and order/stock firewood
  11. Test your smoke and carbon monoxide detectors
  12. Replace screen doors with storm doors and window screens with storm windows
  13. Examine wooden window frames for signs of rot or decay
  14. Check for drafts around windows and doors Caulk inside and out, when necessary
  15. Check for cracked or broken glass, or gaps and repair or replace them in needed
  16. Trim overgrown branches back from around the house and electric wires to prevent iced over or power problems
  17. Aerate the lawn, reseed, and apply a wintering fertilizer to promote deep-root growth come spring.
  18. Ensure rain or snow drains away from the house to avoid foundation problems.
  19. Clean and dry patio furniture and cover with tarp or store inside a shed or garage.
  20. Check hand rails on exterior stairs to make sure they're well secured
  21. Move your snow blower and shovels to the front of the garage or shed to easy access.
  22. Sharpen ice scraper and inspect snow shovels to make sure they're ready for another season of work.
  23. Remove air conditioners from windows for cover them with insulated liners, to prevent drafts
  24. Flush a hot water heater tank to remove sediment, and check the pressure relief valve to make sure it's in the proper working order.
  25. Examine exposed ducts in the attic, basement, and crawl space, and use a sealant to plug up any leaks
  26. Check for missing, damaged or warped shingles and replace, as necessary before you get stuck with a leak
  27. Check the gutters and downspout for proper fastening, and re-secure if loose or sagging. The weight of snow and ice can pull gutters off the house
  28. Clean gutters of any debris and make sure the downspout extends away from the house by at least 5 feet to prevent flooding of the foundation and water damage from snowmelt
  29. Clean debris from garage driveway and backyard patio/deck to prevent mold and blockage of drains
  30. Ensure all vents and openings are covered to prevent insects, birds, and rodents from getting inside to nest in a warm place.
  31. Bring grills and tools inside or cover with tarp to prevent rusting or animals living inside of them for the winter.

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.


 

Website
Facebook
YouTube
Instagram
LinkedIn

 

Copyright © 2021 Reality Growth, INC, All rights reserved.


Our mailing address is: 416 Broadway Ave S, Rochester, MN 55904
Mobile: 507 - 289 - 8000
info@rgi-group.com
 

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“Good Morning Newsletter” Realty Growth Inc Vol. 3

"Good Morning Newsletter" Realty Growth Inc
 

Happy fall everyone!

As we begin the fourth quarter of 2021, we start thinking about the end of the year and planning for the new year. With that comes thinking about year end and any tax planning that needs to be done. Around this time can really begin to become stressful, however, remember there are always people that are here to help. Your greatest ally is your financial team, which oftentimes will consist of your accountant, financial advisor, and possibly, real estate advisor. 

 

So you might be asking yourself, what does real estate and taxes have to do with one another? Well, the answer is quite a bit! Believe it or not, there are a few different routes a real estate investor can take to help with taxes. Two specific strategies are through accelerated depreciation and what is known as a 1031 tax deferred exchange. 

 

Accelerated depreciation is any depreciation method used for accounting or income tax purposes that allow for higher deductions in the earlier years. This in turn could help offset gains on a property. This can be accomplished through what is known as a cost segregation study. 

 

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows you to defer paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value

 

With either of these be sure to consult with your accountant and attorney to be sure that this is the right thing for you!

 

We continue to see a strong market in Rochester, despite fairly low cap rates when compared to the past. In October, our office closed ten property closings, including a Family Dollar Store in Stewartville, Minnesota, as well as the former Associated Bank branch building by the Apache Mall. We also were able to execute six new sales contracts in the month. The general market also saw steady sales and leasing during the month of September. All in all, another very strong month! 

 

In closing, I hope that you all are enjoying the changes that the fall brings, as well as gearing up for what will be an amazing holiday season! Stay warm, start your tax planning, and begin thinking about how you want to build your real estate portfolio in 2022. Please remember, we are always here to help! Thank you again for your business, your support, and all that you do. 

 

Sincerely, 

 

Nick Pompeian, Partner and Broker Realty Growth Incorporated

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“Good Morning Newsletter” Vol. 2 Realty Growth Inc

"Good Morning Newsletter" Realty Growth Inc

When my father started Realty Growth Incorporated in 1978, one of his first orders of business was to create a tagline that separated him from others in his field. The tagline that he created was “Happiness is positive cash flow!” This tagline became synonymous with Ed and Realty Growth and could be found on all of the company marketing material and business cards. It became what Realty Growth was known for; creating happiness for clients through positive cash flow. 

Today, we continue to use this simple yet powerful phrase on a daily basis, and see the same results. Internally, our office closed seven transactions, signed six new purchase agreements, signed two commercial leases, and have eighteen pending sales transactions! This type of activity proves the dedication, expertise and knowledge that our agents, brokers and support staff bring to our industry. This also proves that “happiness is positive cash flow” remains true even to this day, as we have been able to provide our clients with lasting satisfaction and performing assets.

From the broader market, sales and lease transactions have remained steady and continued to transact. Our most recent information based on sales done internally and market information from outside sources has shown an average cap rate of around 6%, with a broad range of sales ranging from $800,000 for commercial land to a $10,000,000 sale for an apartment complex. With all of that said, the market in Rochester remains well and strong! 

In closing, we want to wish you all a wonderful start to the fall season, and hope that you all are doing well, staying healthy, and maintaining that positive cash flow! Thank you again for all that you do, and we look forward to bringing you all of the latest commercial real estate news. 

 

With Gratitude, 

 

Nick Pompeian,  Partner and Broker of Realty Growth Incorporated

 

 

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RGI Newsletter Vol. 2 “September 2021”

 

RGI Newsletter Vol. 2

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and growing alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM
 

REALTY GROWTH INC.  Watch On Youtube

  




 


Our listings this month
Land Industrial Residential Retail

 


XXX HWY 63 South, Rochester, MN 55904
Located just off Highway 63 South near Cycle City
Billboard on the parcel 
Highway visibility 
Lot Size 361,809 SF
Close to Downtown Rochester 
Listed at $200,000 (For Sale)
Link to our property tour
Listed by Bucky Beeman

 


118 N Gold St, Wykoff, MN 55990
The Gateway, in down town Wykoff is ready for a new owner. It includes the built in equipment and customers! The upstairs is unfinished, but there is potential to turn it into a residence.
Building Size 5250.0 SF
Listed at $100,000 (For Sale)
Link to our property tour
Listed by Bucky Beeman

 


1807 7th Street NW | Rochester, MN 55901
Up to .65 acres of B4 commercial zoned property, located in Rochester, Minnesota. This centrally located property, is just minutes away from West Circle Drive and downtown Rochester. This property has easy access to Highways 52 and 14, and lends itself to a wide range of businesses. 
Lot Size 28,314 SF
Listed at $396,396 (For Sale)
Link to our property tour
Listed by Nick Pompeian

Closed deals this month

 


3902 Commerce Ct SW, Rochester, MN 55902
Sold by Bucky Beeman & Gunnar Grimsrud to Compassion Acre
 
 


3731 College View Rd E, Rochester, MN 55904
BD: 4
BA: 3
SF: 2,004
YB: 1978
Sold By Bucky Beeman for $384,000

 


1632 Doodler Dr, Sioux Falls, SD 57103
Units: 100 
YB: 2017
Sold by Dylan Carty for $8.74 Million (largest sale in RGI Inc history)

Educational information
How to navigate multiple listing channels online.
In the video below Bucky Beeman guides us through 
our RGI website, Loopnet, MNCAR, Crexi, Craiglist and Facebook. These listing channels are where we list our properties and where you can find other peoples listings.


 


RGI Listing Channel Info
 

Status of the market
In the link above Nick Pompeian explains our August Market Recap in Rochester Minnesota. As well as our market in Rochester area and what other companies are selling and buying.
 

 

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.

 


 

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Realty Growth Incorporated Privacy Policy

DISCLAIMER

This website and the content herein is copyrighted by Realty Growth Inc. (“RGI Group”). The information on this website is for informational purposes only. No responsibility is assumed for the accuracy or timeliness of any information on this website.

PRIVACY POLICY

Updated October 12, 2021

Realty Growth Inc. operates the Realty Growth Inc website www.rgi-group.com.

This page informs you of our policies regarding the collection, use and disclosure of personal data when you use our Website and the choices you have associated with that data.

We use your data to provide and improve the website. By using the website, you agree to the collection and use of information in accordance with this policy.

Unless otherwise defined in this Privacy Policy, the terms used in this Privacy Policy have the same meanings as in our Terms and Conditions, accessible from bespokecre.com.

 

Definitions 

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  • Website
    Website is the Realty Growth INC website operated by Realty Growth INC.

 

  • Personal Data
    Personal Data means data about a living individual who can be identified from those data (or from those and other information either in our possession or likely to come into our possession).

 

  • Usage Data
    Usage Data is data collected automatically either generated by the use of the Website or from the Website infrastructure itself (for example, the duration of a page visit).

 

  • Cookies
    Cookies are small files stored on your device (computer or mobile device).

 

  • Data Controller
    Data Controller means the natural or legal person who (either alone or jointly or in common with other persons) determines the purposes for which and the manner in which any personal information are, or are to be, processed. For the purpose of this Privacy Policy, we are a Data Controller of your Personal Data.

 

  • Data Processors (or Website Providers)
    Data Processor (or Website Provider) means any natural or legal person who processes the data on behalf of the Data Controller. We may use the websites of various Website Providers in order to process your data more effectively.

 

  • Data Subject (or User)
    Data Subject is any living individual who is using our Website and is the subject of Personal Data.

 

Information Collection and Use 

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We collect several different types of information for various purposes to provide and improve our Website to you.

 

Types of Data Collected

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Personal Data

*************

While using our Website, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you ("Personal Data"). Personally identifiable information may include, but is not limited to:

  • Email address
  • First name and last name
  • Phone number
  • Address, State, Province, ZIP/Postal code, City
  • Cookies and Usage Data

We may use your Personal Data to contact you with newsletters, marketing or promotional materials and other information that may be of interest to you.

You may opt out of receiving any, or all, of these communications from us by following the unsubscribe link or instructions provided in any email we send or by contacting us.

 

Usage Data

**********

We may also collect information on how the Website is accessed and used ("Usage Data"). This Usage Data may include information such as your computer's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Website that you visit, the time and date of your visit, the time spent on those pages, hashed identifiers derived from email addresses for the purposes of cross-device tracking for targeted advertising, unique device identifiers and other diagnostic data.

 

Tracking & Cookies Data

************

We use cookies and similar tracking technologies to track the activity on our Website and we hold certain information.

Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Other tracking technologies are also used such as beacons, tags and scripts to collect and track information and to improve and analyze our Website.

You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Website.

Examples of Cookies we use:

  • Session Cookies. We use Session Cookies to operate our Website.
  • Preference Cookies. We use Preference Cookies to remember your preferences and various settings.
  • Security Cookies. We use Security Cookies for security purposes.

 

Use of Data

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Realty Growth INC uses the collected data for various purposes:

  • To provide and maintain our Website
  • To notify you about changes to our Website
  • To allow you to participate in interactive features of our Website when you choose to do so
  • To provide customer support
  • To gather analysis or valuable information so that we can improve our Website
  • To monitor the usage of our Website
  • To detect, prevent and address technical issues
  • To provide you with news, special offers and general information about other goods, websites and events which we offer that are similar to those that you have already purchased or enquired about unless you have opted not to receive such information

 

Legal Basis for Processing Personal Data under the General Data Protection Regulation (GDPR)

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If you are from the European Economic Area (EEA), York Solutions legal basis for collecting and using the personal information described in this Privacy Policy depends on the Personal Data we collect and the specific context in which we collect it.

 

Realty Growth INC may process your Personal Data because:

  • We need to perform a contract with you
  • You have given us permission to do so
  • The processing is in our legitimate interests and it is not overridden by your rights
  • To comply with the law

 

Retention of Data

-----------------

Realty Growth INC will retain your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes and enforce our legal agreements and policies.

Realty Growth INC will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of our Website, or we are legally obligated to retain this data for longer periods.

 

Transfer of Data

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Your information, including Personal Data, may be transferred to – and maintained on - computers located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction.

If you are located outside the United States and choose to provide information to us, please note that we transfer the data, including Personal Data, to United States and process it there.

Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer.

Realty Growth INC will take all the steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy and no transfer of your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of your data and other personal information.

 

 

Disclosure of Data

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Disclosure for Law Enforcement

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Under certain circumstances, Realty Growth INC may be required to disclose your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

 

Legal Requirements

~~~~~~~~~~~~~~~~~~

Realty Growth INC may disclose your Personal Data in the good faith belief that such action is necessary to:

  • To comply with a legal obligation
  • To protect and defend the rights or property of York Solutions
  • To prevent or investigate possible wrongdoing in connection with the Website
  • To protect the personal safety of users of the Website or the public
  • To protect against legal liability

 

Security of Data

----------------

We are committed to ensuring that your information is secure. In order to prevent unauthorized access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.

 

Our Policy on "Do Not Track" Signals under the California Online Protection Act (CalOPPA)

-----------------------------------------------------------------------------------------

We do not support Do Not Track ("DNT"). Do Not Track is a preference you can set in your web browser to inform websites that you do not want to be tracked.

You can enable or disable Do Not Track by visiting the Preferences or Settings page of your web browser.

 

Your Data Protection Rights under the General Data Protection Regulation (GDPR)

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If you are a resident of the European Economic Area (EEA), you have certain data protection rights. Realty Growth INC aims to take reasonable steps to allow you to correct, amend, delete or limit the use of your Personal Data.

If you wish to be informed about what Personal Data we hold about you and if you want it to be removed from our systems, please contact us: info@rgi-group.com or (507) 289-8000

In certain circumstances, you have the following data protection rights:

  • The right to access, update or delete the information we have on you. Whenever made possible, you can access, update or request deletion of your Personal Data directly within your account settings section. If you are unable to perform these actions yourself, please contact us to assist you.
  • The right of rectification. You have the right to have your information rectified if that information is inaccurate or incomplete.
  • The right to object. You have the right to object to our processing of your Personal Data.
  • The right of restriction. You have the right to request that we restrict the processing of your personal information.
  • The right to data portability. You have the right to be provided with a copy of the information we have on you in a structured, machine-readable and commonly used format.
  • The right to withdraw consent. You also have the right to withdraw your consent at any time where York Solutions relied on your consent to process your personal information.

Please note that we may ask you to verify your identity before responding to such requests.

You have the right to complain to a Data Protection Authority about our collection and use of your Personal Data. For more information, please contact your local data protection authority in the European Economic Area (EEA).

 

Your Data Protection Rights under the California Consumer Privacy Act (CCPA)

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If you are a resident of California, USA, you have certain data protection rights. Realty Growth INC aims to take reasonable steps to allow you to correct, amend, delete or limit the use of your Personal Data.

If you wish to be informed about what Personal Data we hold about you and if you want it to be removed from our systems, please contact us: info@rgi-group.com or (507) 289-8000

CCPA provides consumers (California residents) with specific rights regarding their personal information. This section describes your CCPA rights and explains how to exercise those rights.

You have the right to request that Realty Growth INC disclose certain to you about our collection and use of your personal information over the past 12 months. Once we receive and confirm your verifiable request, we will disclose to you:

  • The categories of personal information we collected about you.
  • The categories of sources for the personal information we collected about you.
  • Our business or commercial purpose for collecting or selling that personal information.
  • The categories of third parties with whom we share that Personal data.
  • The specific pieces of personal data we collected about you (also called a data portability request).

Only you, or a person registered with the California Secretary of State you authorize to act on your behalf, may make a verifiable consumer request related to your personal data. You may also make a verifiable consumer request on behalf of your minor child.

You may only make a verifiable consumer request for access or data portability twice within a 12-month period. The verifiable consumer request must:

  • Provide sufficient information that allows us to reasonably verify you are the person about whom we collected personal data or an authorized representative.
  • Describe your request with sufficient detail that allows us to properly understand, evaluate, and respond to it.

We will not discriminate against you for exercising any of your CCPA rights. Unless permitted by the CCPA, we will not:

  • Deny you goods or services.
  • Charge you different prices or rates for goods or services, including through granting discount or other benefits, or imposing penalties.
  • Provide you a different level or quality of goods or services.
  • Suggest that you may receive a different price or rate for goods or services or a different level of goods or services.

 

 

 

Website Providers

-----------------

We may employ third party companies and individuals to facilitate our Website ("Website Providers"), provide the Website on our behalf, perform Website-related websites or assist us in analyzing how our Website is used.

These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.

 

Analytics

~~~~~~~~~

We may use third-party Website Providers to monitor and analyze the use of our Website.

  • Google Analytics

Google Analytics is a web analytics website offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Website. This data is shared with other Google websites. Google may use the collected data to contextualize and personalize the ads of its own advertising network.

You can opt-out of having made your activity on the Website available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.

For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page.

 

Behavioral Remarketing

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Realty Growth INC uses remarketing websites to advertise on third party websites to you after you visited our Website. We and our third-party vendors use cookies to inform, optimize and serve ads based on your past visits to our Website.

 

  • Google Ads (AdWords)
    Google Ads (AdWords) remarketing website is provided by Google Inc.

You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page.

Google also recommends installing the Google Analytics Opt-out Browser Add-on for your web Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.

For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page.

 

  • AdRoll
    AdRoll remarketing website is provided by Semantic Sugar, Inc.

You can opt out of receiving personalized ads served by clicking on the blue icon that typically appears in the corner of the ads seen and following the instructions provided. Please note that this “opt out” function is device- and browser-specific and relies on an “opt-out cookie”: thus, if you delete your cookies, upgrade your browser after having opted out, or switch devices, you may need to opt out again.

You can also opt-out of AdRoll remarketing by visiting this AdRoll Advertising Preferences web page or using the e Network Advertising Initiative (NAI) opt-out tool, which will allow you to opt out of seeing personalized ads from us and from other NAI approved member companies.

For more information on the privacy practices of AdRoll, please visit the AdRoll Privacy Policy web page.

 

Links to Other Sites

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Our Website may contain links to other sites that are not operated by us. If you click a third party link, you will be directed to that third party's site. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or websites.

 

Children's Privacy

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Our Website does not address anyone under the age of 18 ("Children"). We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your Child has provided us with Personal Data, please contact us. If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.

 

Changes to This Privacy Policy

------------------------------

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.

We will let you know via email and/or a prominent notice on our Website, prior to the change becoming effective and update the "effective date" at the top of this Privacy Policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

 

Contact Us

----------

If you have any questions about this Privacy Policy, please contact us:

  • By email: info@rgi-group.com
  • By visiting our website: www.rgi-group.com
  • Or calling our office: (507) 289-8000
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Preparing Your Property For Winter RGI Edition

Educational information Tips For Winter

  1. Clean or replace the air filter in your furnace for maximum efficiency and improve indoor air quality
  2. Choose snow removal service by comparing prices or see if your landlord offers or recommends someone
  3. Make sure your fans are switched to the reverse or clockwise position, which will blow warm air down to the floor for enhanced energy efficiency and comfort
  4. Cover windows in plastic for efficiency to keep warm air in or cold air out
  5. Free sand/sat mixtures available near the YMCS downtown, off 1st Ave and at the Northbrook Shopping Center
  6. Check snowblower (gas and oil) (make sure it starts) replace spark plugs, lubricate bearings, check for damage and check tire pressure
  7. Unhook hose (make sure waters off) and store them away for the winter to prevent cracks, preserve shape and prolong life.
  8. Drain water from outdoor pipes, valves and sprinklers heads to protect against pipe bursts
  9. Pink styrofoam insulating around doors you don’t use much to keep heat inside and cool air outside
  10. Check light-bulbs outside property’s so that they work (you don’t have to change them in the cold) Good illumination will help minimize the chance of accidents on icy walkways or night
  11. Check drainage inside the house and make sure everything is working properly
  12. Clean your chimney and order/stock firewood
  13. Test your smoke and carbon monoxide detectors
  14. Replace screen doors with storm doors and window screens with storm windows
  15. Examine wooden window frames for signs of rot or decay
  16. Check for drafts around windows and doors Caulk inside and out, when necessary
  17. Check for cracked or broken glass, or gaps and repair or replace them in needed
  18. Trim overgrown branches back from around the house and electric wires to prevent iced over or power problems
  19. Aerate the lawn, reseed, and apply a wintering fertilizer to promote deep-root growth come spring.
  20. Ensure rain or snow drains away from the house to avoid foundation problems.
  21. Clean and dry patio furniture and cover with tarp or store inside a shed or garage.
  22. Check hand rails on exterior stairs to make sure they're well secured
  23. Move your snow blower and shovels to the front of the garage or shed to easy access.
  24. Sharpen ice scraper and inspect snow shovels to make sure they're ready for another season of work.
  25. Remove air conditioners from windows for cover them with insulated liners, to prevent drafts
  26. Flush a hot water heater tank to remove sediment, and check the pressure relief valve to make sure it's in the proper working order.
  27. Examine exposed ducts in the attic, basement, and crawl space, and use a sealant to plug up any leaks
  28. Check for missing, damaged or warped shingles and replace, as necessary before you get stuck with a leak
  29. Check the gutters and downspout for proper fastening, and re-secure if loose or sagging. The weight of snow and ice can pull gutters off the house
  30. Clean gutters of any debris and make sure the downspout extends away from the house by at least 5 feet to prevent flooding of the foundation and water damage from snowmelt
  31. Clean debris from garage driveway and backyard patio/deck to prevent mold and blockage of drains
  32. Ensure all vents and openings are covered to prevent insects, birds, and rodents from getting inside to nest in a warm place.
  33. Bring grills and tools inside or cover with tarp to prevent rusting or animals living inside of them for the winter.
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RGI Newsletter Vol. 1 “August 2021”

 

RGI Newsletter Vol. 1

 

At the core of everything we do is our mission statement: To Build and Create.

We believe in people’s stories and ambitions. Over the last forty years, we’ve worked with hundreds of businesses, often seeing them grow and growing alongside them. Making the right decisions early in a business’s life can determine whether it succeeds or fails.


MEET OUR TEAM

https://rgi-group.com/team
 

REALTY GROWTH INC.  (ON AIR)

A segment of the RGI-Group Newsletter that goes on air with members and business owners of our community. Where agents talk shop, tip & tricks, and keep you updated on changes in your community
 

  


Watch On Youtube

https://www.youtube.com/channel/UCJcNxpf7a4hZjuxxjdKZe0g

Realty Growth Report Audio

https://audioboom.com/channels/5015851

 


Our Listings This Month
 

Land Industrial Residential Retail
 

 

50 7th Street NE


This Professional office space contains 2,907 SQFT of available space that could be just what you need for your professional business. A traffic count of approximately 7,800 cars per day passes by the building. Amenities of this property include a free parking lot out front of the property, Central AC, and Public bathrooms. This building is in fantastic condition and would be very useful to a business for research or office work.
Price $5,269.00 SF/yr (NNN)
Building Size 2907.0 SF
Lot Size 1.05 Acres 
Office Property
Listing Agent: Bucky Beeman


 

2212 2nd Street SW Suite 1

Turn key, move-in ready office space on 2nd street near Mayo Clinic
Price 3,500.00 SF/yr (NNN)
Building Size 3,905 SF
Office Property
Listing Agent: Bucky Beeman

 

230 20th Ave

Currently Nature's Best Cleaners - End cap space
 Price $20.00 SF/yr (NNN)
Building Size 11,917
Retail Property
Listing Agent: Dylan Carty

 


120 Elton Hills Ln

Multiple spaces for lease. Once Valentions Pizza and the other a smoke shop. This shopping center has high traffic with neighboring businesses.
Price $14.00 SF/yr (NNN)
Building Size 5,040 SF
Retail Property
Listing Agent: Dylan Carty & Bucky Beeman

   

Advice For A First Time Home Buyer
With Austin Braatz

With the market beginning to cool off after one of the most competitive housing markets we’ve ever seen, it is a great time to begin the conversation of how renters can prepare to take the major financial step of owning their first home. 


Educational Information

Did you know that you own your underground water service and underground electric service?  When planning to purchase real estate in the city of Rochester or if you already own, we recommend signing up for Rochester Public Utilities Service Assured.  The Service Assured Underground Utility Repair Program can protect you from unexpected breaks due to age, tree roots, or seasonal change

Status of the Market

The rental market has been very active over the last month. Going into fall we should see a slight downtick in applications submitted for new units, as most people are locking down their leases in the summer months. Prices are holding at a steady rate from where they were about a year ago. The average rent for a 2 bedroom B-Class apartment is hovering right around the $850-$875 mark depending on location.

 

Stay up to date with new properties, what has been sold, and about our team. 
Follow us on Facebook and Instagram, subscribe on Youtube, and connect with us over email or Linkedin.

 


 

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“Good Morning Newsletter” Vol. 1 Realty Growth Inc

"Good Morning Newsletter" Realty Growth Inc

 

It is with great pleasure to be writing to you all and welcoming you to our very first newsletter. This has been in the making for a while now, but as many of you know, things do not happen overnight. It takes time to come up with a plan and to execute it accordingly. But, here we are and are ready to provide you with the best and most up-to-date information in the commercial real estate market in Rochester and Southeast Minnesota!

 

For those of you who pay attention to the market, you know that things are still moving and shaking in Rochester. We, like many of you, were quite uncertain about what was to come from real estate in general. Specifically, two asset classes that were of concern were office and retail. Unfortunately, we, like many other cities, have seen businesses come and go and vacancies increase. However, we have seen a resurgence recently and have seen spaces be replaced with new businesses. Although we have a ways to go, it is good to see that interest and spaces are being filled. 

 

Sales and lease transactions have been steady, and pricing has remained fairly aggressive. Our most recent information based on sales done internally and market information from outside sources has shown an average cap rate of around 6.4%. Once again, there was concern that with Covid that this would have a negative impact on the values of the property. However, we have not seen that as much as maybe other cities around the country. We attribute this because of the strong employment base led by the incredible economic force of the Mayo Clinic,  the amazing city that we live in, and the resiliency of the community to push through these very difficult times. Rochester continues to be a beacon of hope and resilience.

 

Here in our office, we have also seen a lot of growth and resilience. We have welcomed a new office administrator, an additional property manager, and a social media and marketing creator despite the times we are in. I was always told that if you do not grow and adapt you die. With that said, we happily and excitedly welcome Paula, Austin, and Nathan to our ever-growing team and family. My father always said that you have to surround yourself with great people who are like-minded, passionate about what they do, and smarter than you to be truly successful. I feel that we have done so, and will continue to grow!

 

Since 1978 we have proudly served the Rochester and southeastern Minnesota community with integrity, honesty, and respect, and we look forward to doing so by continuing in our founder’s Ed Pompeian’s legacy. For those that are clients already, we thank you. For those who we have not yet helped, we look forward to educating and building a relationship with you that will last a lifetime. 

 

Nick Pompeian,  Partner and Broker of Realty Growth Incorporated