I'm going to shock you with two pieces of information in this story about one Rochester restaurant. First, the big dollar news.

The Northwest Applebee's building has been purchased for $4.15 million. You read that right. $4.15 million (total market value for 2021-2022 = $1.34 million). I'm not saying it's not worth that, but doesn't that number surprise you a bit?

Restaurant Chains Applebee's And IHOP To Close Over 100 Stores
Getty Images
loading...

It did me, but if I'd been paying attention it wouldn't have.

  • It was built in 2000 by the original Target Complex developer and sold to Apple American for just under $750,000. It became an Applebee's and has stayed an Applebee's.
  • In 2009, the building was sold to a New York firm for $2.7 million.
  • In 2017 it was sold again for $4.3 million to a company out of Bismark, North Dakota.
Quick Country 96.5 logo
Get our free mobile app

The closing went down on March 16, 2022, with the Lunieski & Associates LLC, the new owners out of Richfield, Minnesota, with a $1,000,000 down payment.

Now For Your Second Shock

adam-jaime-dmkmrNptMpw-unsplash - tap for link
adam-jaime-dmkmrNptMpw-unsplash - tap for link
loading...

This won't be a shock if you've moved to Rochester in the last 10 years or so. But, if you lived here when that whole Super Target complex was built, you will be blown away to know that the 22-year-old 5,000 square foot building is Twenty-Two-Years-Old!

How has that much time passed?

As always, if you have a comment, complaint, or concern about something I wrote here, please let me know: james.rabe@townsquaremedia.com

attachment-YEMS PODCAST GRPAHIC
loading...

Listen On-Demand with the Y105FM app, and on the following podcast platforms: Apple Podcasts | Google Podcasts | Spotify

If You Plan to Motor West...

Route 66 is an Iconic highway, mostly gone now. But there's enough left for a great road trip.

LOOK: Route 66’s quirkiest and most wonderful attractions state by state

Stacker compiled a list of 50 attractions--state by state--to see along the drive, drawing on information from historic sites, news stories, Roadside America, and the National Park Service. Keep reading to discover where travelers can get their kicks on Route 66.

More From Quick Country 96.5