Two guys from Hayfield just made a serious move in Stewartville. Nick Matti and Trevor Anderson led an investment group that bought the Professional Building downtown for $775,000. The deal closed May 1, 2025, marking their first major commercial real estate purchase in the area. This isn’t some empty building waiting for tenants. Six of eight units are already leased, generating cash flow from day one. The 7,600-square-foot property sits at 100 Second St. SE, right in the heart of Stewartville’s business district.
Who Are the Investors Behind This Deal
Nick Matti brings an interesting background to real estate investing. He worked as a nurse at Mayo Clinic before launching F1TxMIND Fitness, an online health coaching business. Trevor Anderson grew up in Hayfield alongside Matti, giving both men deep roots in the region. They spent about a year searching for the right property before pulling the trigger on this building. Their goal extends beyond this single purchase. They want to create investment opportunities for others who seek better returns than traditional stock market investments offer.
Both investors see commercial real estate as a path to building wealth through tangible assets. Hayfield Investors’ Buy Stewartville Commercial Building represents their entry into a market they know well. Growing up nearby gives them natural advantages when evaluating properties and understanding local economic forces. They’re not outsiders gambling on an unfamiliar market.
What Makes This Property Valuable
The Professional Building houses established businesses that serve the community daily. Charlie Brown PC Applications Consultants operates there. So does 507 Family Chiropractic and Overby Orthodontics. These aren’t startups testing the waters. They’re businesses with track records and customer bases. The building is 46 years old but remains functional and well-located for commercial use.
Olmsted County valued the property at $661,800 for 2025-2026. The investors paid $775,000, which is about $113,000 above the county’s assessment. This gap between assessed value and purchase price isn’t unusual in commercial real estate. Market conditions, rental income potential, and location often justify premium pricing. The investors clearly saw value that the county assessment didn’t fully capture in its numbers.
The Previous Owner Made a Quick Profit
Here’s where the story gets interesting for anyone tracking local real estate deals. Rochester-based Olstad Rentals bought this exact building in April 2024 for $675,000. Cole W. Olstad runs that company and sold the property just over a year later for $775,000. That’s a $100,000 gain in roughly 13 months without major renovations or improvements mentioned in public records.
Loam Commercial Real Estate represented both buyer and seller in the transaction. This dual representation happens often in smaller commercial markets where professional relationships overlap. The quick flip by Olstad Rentals suggests strong demand for income-producing properties in Stewartville. It also indicates that buyers are willing to pay premiums for buildings with existing tenants and cash flow.
Why Stewartville Appeals to These Investors
Matti explained their thinking clearly when discussing the purchase decision. Rochester’s Destination Medical Center initiative creates enormous economic activity that doesn’t stay contained within city limits. Growth spreads outward to communities like Stewartville. The investors see Stewartville as a secondary location for businesses wanting lower costs than Rochester while maintaining easy access to the city.
Office space in Rochester commands premium prices that many small businesses can’t justify. Stewartville offers a practical alternative with lower lease rates and operational costs. The Professional Building sits perfectly positioned to capture businesses seeking this balance. Hayfield Investors Buy Stewartville Commercial Building at a time when regional growth makes secondary markets increasingly attractive.
The location also benefits from major infrastructure nearby. Interstate 90 runs close to Stewartville, improving accessibility for businesses and clients traveling from other areas. This highway connection enhances the city’s appeal as a business location beyond just being near Rochester.
Stewartville’s Economic Growth Creates Opportunity
The timing of this investment aligns with significant economic development in Stewartville. Schumann Business Park has become a hub for major projects that bring jobs and investment to the area. Amazon purchased 23 acres along Interstate 90 for $2.5 million and is building an 83,900-square-foot facility there. That project alone will create employment opportunities and increase traffic through Stewartville regularly.
United Therapeutics, a biotech firm working on pig-to-human organ transplants, also bought land and started construction in the business park. Their facility should be complete in 2026, bringing cutting-edge medical research to the region. Minnesota Medical Technologies recently expanded its existing facility in Schumann Business Park, more than doubling its space. When established businesses grow rather than relocate, it signals confidence in the local economy and workforce.
All this industrial and commercial activity creates demand for supporting professional services. Those businesses need accountants, lawyers, IT consultants, chiropractors, and other services. The Professional Building is perfectly positioned to house exactly these types of tenants in downtown Stewartville.
How This Deal Fits Their Investment Strategy
The investors chose a relatively conservative entry into commercial real estate. Buying a building with existing tenants reduces risk compared to purchasing space. Cash flow starts immediately to cover mortgage payments, property taxes, insurance, and maintenance costs. This approach gives new investors breathing room while they learn property management and tenant relations.
The $775,000 price tag represents a serious capital commitment but remains manageable for a small investment group. They didn’t overextend by purchasing a massive property or taking excessive leverage. Hayfield Investors Buy Stewartville Commercial Building as a calculated first step toward bigger deals. Their stated goal is to build a track record that attracts additional investors for future projects.
Matti and Anderson are building credibility through action rather than just talk. If they successfully manage this property, keep tenants satisfied, and generate solid returns, they’ll have proof for future investors. This building serves as their demonstration project for a larger investment strategy.
What Two Vacant Units Mean for Upside
The building has eight total units with six currently leased. Those two vacant units represent both a challenge and an opportunity for the new owners. Space costs money through foregone rent while still requiring maintenance and utilities. However, vacant units also provide immediate upside potential through lease-up efforts.
Filling those two units would increase cash flow by roughly 33 percent if lease rates match existing tenants. The investors can also use these spaces to test different tenant types or negotiate lease terms. Having some vacancy at purchase gives flexibility that fully leased buildings don’t offer. New owners can shape the tenant mix to match their vision for the property.
Market conditions in Stewartville suggest those units won’t stay empty long. Growing business activity creates demand for commercial space throughout the city. The Professional Building’s downtown location and established tenant base make it attractive to potential renters.
Lessons Other Investors Can Learn
This deal offers insights for anyone considering commercial property investment in smaller markets. First, know your area intimately before investing. Matti and Anderson grew up nearby, giving them natural advantages in understanding local dynamics. That familiarity reduces risk compared to investing blindly in distant markets.
Second, buying properties with existing tenants provides immediate income and reduces risk. Empty buildings drain resources while you search for renters. Starting with cash flow gives breathing room for new investors learning property management. Third, think regionally about economic forces affecting your investment.
What happens in Rochester affects Stewartville through spillover effects. Understanding these connections helps identify opportunities others might miss. Fourth, be patient in searching but decisive when the right deal appears.
The Rochester Connection Matters
Mayo Clinic’s presence in Rochester creates ripple effects throughout southeastern Minnesota. The medical center employs thousands of people and attracts patients from around the world. This concentration of economic activity supports businesses far beyond Rochester’s city limits. Stewartville benefits directly from this proximity through residential growth, business development, and infrastructure investment.
The Destination Medical Center initiative represents a multi-billion-dollar commitment to expanding Rochester’s medical and economic footprint. That kind of sustained investment lifts the entire region over time. Hayfield Investors Buy Stewartville Commercial Building with full awareness of these regional dynamics shaping property values.
Matti’s background as a Mayo Clinic nurse gives him a personal understanding of the medical center’s influence. He saw firsthand how Mayo Clinic’s growth affects surrounding communities. This insider perspective informed his investment decision in ways that purely financial analysis might miss.
What Happens Next for This Property
The investors haven’t publicly announced major renovation plans or dramatic changes for the building. Their approach seems focused on stable management rather than aggressive transformation. Keeping existing tenants happy while filling vacant units appears to be the near-term strategy. This conservative approach makes sense for first-time commercial property owners.
Over time, they may explore improvements that increase property value and justify rent increases. Updated common areas, better signage, improved parking, or technology upgrades could enhance tenant satisfaction. These improvements typically happen gradually as cash flow allows rather than through immediate major investment.
The investors also mentioned plans for bigger deals in the future. This Professional Building purchase serves as their foundation for building relationships with potential investment partners. Success here opens doors to larger projects that require more capital and experience.
Community Impact Beyond the Numbers
Real estate transactions like this one affect communities beyond just changing ownership on a deed. New owners bring different perspectives, management styles, and investment priorities to properties. Matti and Anderson have local roots and a stated commitment to supporting regional growth. Their success depends partly on Stewartville’s continued economic development.
Property investment by local or regional owners often benefits communities more than absentee ownership. Owners with connections to the area tend to maintain properties better and engage more actively with tenants. They have reputational stakes beyond just financial returns. Hayfield Investors Buy Stewartville Commercial Building as neighbors, not distant landlords.
The investors’ goal of creating opportunities for others to invest in real estate could bring additional capital to the region. If they prove the model works, more people might invest in commercial properties locally. That could accelerate property improvements and business development throughout Stewartville.
Final Thoughts
This $775,000 purchase represents more than two guys buying a building in a small Minnesota city. It shows how regional economic growth creates opportunities across multiple communities. Rochester’s expansion through Destination Medical Center doesn’t just help Rochester. It lifts surrounding areas that position themselves correctly to capture spillover benefits.
Stewartville is doing exactly that through infrastructure development, business park expansion, and maintaining its downtown business district. The Professional Building sits at the intersection of these positive trends. Matti and Anderson recognized this convergence and acted on it.
Whether this investment ultimately succeeds depends on factors beyond their control, including broader economic conditions and continued regional growth. But they’ve positioned themselves well by choosing a property with existing income, a strong location, and exposure to positive regional trends. Time will reveal if their bet on Stewartville pays off as they expect.