2 weeks Ago By Jeff Kiger
ROCHESTER — As part of Furniture Mart’s acquisition of Furniture Superstore, the Sioux Falls, S.D.-based retailer recently paid $6 million for the 100,000-square-foot retail complex in northwest Rochester.
Furniture Mart, which also owns the Ashley Furniture store in Rochester's Maplewood Square shopping center, purchased the Furniture Superstore building at 5150 U.S. Highway 52 North on Sept.
20. The buy was made under the corporate name of Furn USA MN - Rochester, LLC . Furniture Mart has more than 50 stores in six Midwest states under the Furniture Mart, Unclaimed Freight Furniture, Ashley and Carpet One brand names.
ADVERTISEMENT This is the largest area real estate deal so far in September followed by Echo Church’s $5 million purchase of the former Cinemagic movie theater. Olmsted County estimated the total market value for the 53-year-old building and land at $4.49 million for 2024-2025.
Furniture Superstore founders Jim Sather and Mark Byer , who are retiring, bought the building from John Menard Jr. for $5.09 million in 2015.
It had housed a Menards home improvement store until Menards built a new north store. A retirement sale is underway at the Furniture Superstore to clear the store of its inventory to make way for the Furniture Mart product line. The selection is expected to be very similar to Furniture Superstore offerings.
Furniture Superstore’s history in Rochester started in 2003, when Sather opened the Furniture Superstore Factory Outlet at 3185 41st St. NW. In 2005, he partnered with Byer to open America's Mattress at 4408 U.
S. Highway 52. The duo took over the former Menards complex and combined the Furniture Superstore and America’s Best Mattress under the roof of the sprawling complex.
They described the resulting retail center as the area’s largest furniture and mattress store. ADVERTISEMENT.
