Investor Buys Walgreens Building for $5.02 Million

MnH Broadway, LLC acquired the 14,800-square-foot Walgreens building at 80 14th St. SW in Rochester's Crossroads Plaza.

Updated on Nov. 5, 2026 in Openings & Closings

Photograph of a plain single-story brick-and-glass commercial building with a flat roof and empty parking lot under overcast daylight, suggesting a quiet Midwestern pharmacy property. — Investor MnH Broadway, LLC, led by Mangesh Mane, bought the Walgreens building at 80 14th St. SW in Rochester for $5.02 million on Oct. 16. AI Illustration. Upload story photo >

MnH Broadway, LLC purchased the Walgreens building at 80 14th St. SW in Rochester on Oct. 16 for $5.02 million. The building houses Rochester's South Walgreens store, and Walgreens leases the space.

Why it matters

The sale transferred ownership of a standalone pharmacy property in Rochester's Crossroads Plaza to a local buyer. The purchase price sits well above the county's estimated market value for the property, which is an indicator of how commercial real estate is being valued in the city.

The 14,800-square-foot building sold for $5.02 million, roughly 1.8 times the $2.78 million Olmsted County estimated market value for 2026-2027. The source does not say what the buyer intends to do with the property.

The players

Mangesh Mane

Mane is a Realtor at Hamilton Real Estate Group who co-founded and formerly owned Eureka Kids childcare in Rochester, and he leads MnH Broadway, LLC, the buyer of the Walgreens building.

Richard Rouhoff

Rouhoff of Hayfield leads Fourteenth & Broadway, LLC, the seller of the Walgreens building in Rochester.

The details

Fourteenth & Broadway, LLC of Rochester sold the building to MnH Broadway, LLC, which is led by Mangesh Mane. The sale included only the Walgreens store, while RP Crossroads, LLC continues to own the rest of the Crossroads Plaza.

Oct. 16: MnH Broadway, LLC completed the purchase of the Walgreens building.
2009: RP Crossroads built the center and Walgreens store.
2007: A fire destroyed the previous commercial center on the site.

Market Landscape

The gap between the $5.02 million sale price and the $2.78 million Olmsted County estimate for this Crossroads Plaza building is a notable departure from the assessed value. Rochester's commercial real estate buyers are paying a premium for standalone retail properties tied to national pharmacy tenants.

Rochester pharmacy customers at the South Walgreens store are not affected by the sale, since Walgreens remains the leaseholder. Local residents may see changes only if the new owner alters the tenancy or the building's use in the future.

The takeaway

Commercial property sales in Rochester can change hands at prices well above county estimates, so anyone tracking local retail real estate should compare recorded sale prices with assessed values. The building's ownership change does not alter the Walgreens operation that serves nearby customers.