Spring Grove Real Estate Fund plans to rebuild after hardware store fire

On March 16, the Spring Grove Real Estate Fund LP (“Fund”) acquired three parcels of land in downtown Spring Grove after a catastrophic fire on Dec. 22, 2022, destroyed Mulqueen’s True Value hardware store, NAPA Auto Parts store and multiple apartment units. The Fund is made up of investors from Spring Grove, Minn., and Northfield, Minn.

In 1926, a disastrous fire destroyed the hardware store in downtown Spring Grove. Following the fire of 1926, a group of local community members understood the importance of having a hardware store in town, and they came together to rebuild it. 

Like the Spring Grove citizens who rebuilt the hardware store in the 1920s, the Fund believes in the future of the community and is committed to rebuilding this site so that downtown Spring Grove will thrive for the next 100 years or more.

The Fund is working on plans to rebuild a three-story, mixed-use structure that fits within the historic downtown feel of the community, with commercial space on the main floor and residential apartment units on the upper two stories. The building will be located on the footprint of the former hardware and auto parts store site.

The project is currently in the pre-development stage. While no timeline for construction has been determined yet, the Fund is currently working in partnership with multiple project consultants, the City of Spring Grove, and local leaders to put together a plan that best fits the needs of the community. 

For more information, contact Spring Grove EDA Director Courtney Bergey Swanson at courtney.bergey@cedausa.com.

Submit A Comment

Fill out the form to submit a comment. All comments require approval by our staff before it is displayed on the website.

Notify of
0 Comment
Inline Feedbacks
View all comments