Two Hayfield natives purchased a downtown Stewartville commercial building for $775,000 in May 2025. The Professional Building includes eight tenant units and represents their first major real estate investment.
A Smart Investment in Downtown Stewartville
Hayfield Investors Buy Stewartville Commercial Building. Two young investors with deep roots in Hayfield just made a big move. Nick Matti and Trevor Anderson led an investment group that bought the Professional Building at 100 Second St. SE in downtown Stewartville for $775,000.
The deal closed on May 1, 2025, and marks a turning point for both men. Matti, a former Mayo Clinic nurse who now runs an online health coaching business, and Anderson saw an opportunity where others might have looked elsewhere. While much of the attention in Stewartville focuses on the booming industrial park, these investors put their money in the heart of the city.
What They Bought
The Professional Building isn’t just another empty structure waiting for tenants. This 7,600-square-foot property comes with established businesses already paying rent. Six of the eight units are currently leased, which means cash flow starts from day one.
The building houses a mix of professional services. Charlie Brown PC Applications Consultants operates there. So does 507 Family Chiropractic. Overby Orthodontics also calls the building home. These aren’t fly-by-night operations. They’re established businesses that serve the community.
The property sits at 46 years old. Olmsted County values it at $661,800 for the 2025-2026 tax period. That creates an interesting situation. The investors paid $775,000 for a building the county says is worth less. But real estate values and market prices don’t always match up perfectly.
The Previous Owner’s Quick Flip
Here’s where the story gets interesting. Rochester-based Olstad Rentals, LLC bought this same building in April 2024 for $675,000. Cole W. Olstad runs that company. Just over a year later, he sold it for $775,000. That’s a $100,000 gain in roughly 13 months.
Loam Commercial Real Estate, a Rochester firm, represented both sides of the transaction. They handled the negotiations between buyer and seller. This kind of dual representation isn’t uncommon in commercial real estate, especially in smaller markets where everyone knows everyone.
Why Stewartville Makes Sense
Matti explained their thinking behind the purchase. Growing up in Hayfield gives both investors a natural connection to the area. They understand the communities, the people, and the economic forces at play.
Rochester’s Destination Medical Center initiative creates a ripple effect. All that growth and investment doesn’t stay contained within city limits. It spreads outward to nearby communities. Stewartville sits perfectly positioned to catch some of that overflow.
“We like Stewartville as sort of a secondary location for people that might want something a little bit more inexpensive than having their business inside of Rochester,” Matti said. The logic is sound. Rochester office space commands premium prices. Stewartville offers a viable alternative at lower costs while maintaining easy access to Rochester.
The two investors have been hunting for opportunities for about a year. They studied different properties and markets before pulling the trigger on this deal. Their goal extends beyond this single building. They want to create more opportunities for people to invest their money in real estate rather than traditional stock market investments.
A Calculated Risk
Real estate investment requires courage and careful analysis. The numbers need to work. The location needs to have potential. The timing needs to be right.
Matti and Anderson checked all those boxes with this purchase. The building generates income immediately through existing tenants. That reduces risk compared to buying an empty building and hoping to fill it. The location in downtown Stewartville provides visibility and accessibility. And the timing aligns with broader economic growth in the region.
The $775,000 price tag represents a serious commitment. These investors put real money on the line based on their research and gut instincts. They’re betting that Stewartville’s continued growth will drive demand for commercial space in the downtown area.
Stewartville’s Economic Surge
The investors picked a good time to enter the Stewartville market. The city is experiencing serious economic development, particularly in the Schumann Business Park.
Amazon made headlines by purchasing 23 acres of land along Interstate 90 for $2.5 million. They’re building an 83,900-square-foot facility in the business park. That project alone will create jobs and increase traffic through Stewartville.
United Therapeutics, a biotech firm working on pig-to-human organ transplants, also bought land and started construction. Their facility should be complete in 2026. This kind of cutting-edge medical research brings high-paying jobs and international attention to the area.
Minnesota Medical Technologies, a medical device manufacturer already in Stewartville, recently expanded. They more than doubled the size of their facility in Schumann Business Park. When existing businesses grow and expand rather than relocating, that signals confidence in the local economy.
All this industrial and commercial activity creates demand for supporting services. Those businesses need accountants, lawyers, IT consultants, and other professional services. The Professional Building is perfectly positioned to house exactly those types of tenants.
The Bigger Picture
This purchase represents more than two guys buying a building. It shows how regional economic growth creates opportunities across multiple communities. Rochester’s massive investments through DMC don’t just help Rochester. They lift the entire region.
Small cities like Stewartville benefit when they position themselves correctly. They can’t compete directly with Rochester on size or amenities. But they can offer alternatives that appeal to certain businesses and residents. Lower costs, shorter commutes, and small-town atmosphere all have value.
Matti and Anderson understand this. They’re not trying to compete with downtown Rochester office towers. They’re providing space for businesses that want to serve the Rochester area without paying Rochester prices.
What Comes Next
The investors have plans beyond this single building. They want to do bigger deals in the future. This Professional Building purchase serves as their proof of concept. If they can successfully manage this property, generate good returns, and keep tenants happy, they’ll have credibility for larger projects.
Matti’s background in healthcare and fitness shows the diverse experiences people bring to real estate investing. Anderson’s Hayfield roots complement Matti’s Mayo Clinic connections. Together, they bring different perspectives and networks to their investment partnership.
They’re creating an investment model that allows others to participate. Instead of leaving money in stocks or bonds, people could potentially invest in real estate deals alongside Matti and Anderson. That approach builds wealth through tangible assets rather than paper investments.
Lessons for Other Small-Town Investors
This deal offers insights for anyone considering commercial real estate investment in smaller markets. First, know your area. Matti and Anderson invested where they have personal connections and local knowledge. That familiarity reduces risk.
Second, buy properties with existing tenants when possible. Empty buildings cost money every month while you search for renters. Properties with established tenants provide immediate cash flow to cover mortgages and maintenance.
Third, think regionally. What happens in nearby larger cities affects smaller communities. Understanding those connections helps identify opportunities others might miss.
Fourth, be patient but decisive. The investors spent a year looking at properties before buying. But when they found the right deal, they acted quickly and confidently.
The Investment Climate
Interest rates, economic conditions, and market dynamics all affect real estate investment success. These investors entered the market at a complex time. But they focused on fundamentals: location, cash flow, and growth potential.
The Professional Building met their criteria. It sits in a growing community. It generates income from day one. And it has room for improvement through filling vacant units and potentially raising rents over time.
Commercial real estate investing isn’t for everyone. It requires significant capital, willingness to deal with tenant issues, and ability to handle unexpected repairs or vacancies. But for those willing to do the work, it can build substantial wealth over time.
Looking Forward
Stewartville’s growth trajectory suggests this investment will pay off for Matti and Anderson. The Amazon facility, United Therapeutics biotech campus, and Minnesota Medical Technologies expansion all point toward continued economic growth.
More jobs mean more people. More people mean more demand for services. More demand for services means more need for commercial space. The Professional Building stands ready to meet that demand in downtown Stewartville.
These Hayfield investors made a bet on their region’s future. Time will tell if their $775,000 gamble pays off. But based on current trends and their strategic thinking, they’ve positioned themselves well for success.
Their story shows that you don’t need to invest in major metropolitan markets to build wealth through real estate. Sometimes the best opportunities exist in smaller cities experiencing growth from larger neighbors. Stewartville fits that profile perfectly right now.
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