Here's a couple tidbits following up some commercial real estate sales in Nov. Wonder what 2011 will hold for Rochester's real estate market?
Two Rochester commercial buildings sold for a combined $1.055 million in November.
The building that houses Coyote Creek Gun & Archery shop at 3600 S. Broadway sold for $590,000 on Nov. 16. It looks like the local businessman who started the gun shop now also owns the building.
Bullets & Broadheads bought the former Smidt Sheet Metal Co. building from HRG Investments, a Rochester company based in the Carpet One complex at 5139 U.S. 52 N.
Olmsted County records list Craig Reichel, owner of Reichel Foods and Coyote Creek, as the chief of Bullets & Broadheads.
In 2006, Reichel bought the longtime Rochester business, Dale's Gun Shop. He changed the name and moved it to the 4,000-square-foot building on South Broadway.
County records show that the Coyote Creek complex might not be the only real estate purchase Reichel was involved with in November.
On Nov. 19, Cat Commercial Holdings bought the former Rochester base of the regional mechanical and roofing contractor, Schwickert's for $465,000.
Cat Commercial lists its Rochester address as 3706 Enterprise Drive S.W., which is also the address for Reichel Foods, which was founded by Reichel. It makes pre-packaged snack servings of vegetables and fruits for stores and vending machines.