Major Purchase: Sioux Falls Firm Acquires Former 3M Corporate Retreat in Minnesota

December 18, 2025 - 07:52

A Sioux Falls-based real estate firm has made headlines with its recent acquisition of a significant property in northern Minnesota. The firm purchased the commercial land and buildings located near Park Rapids for a total of $4 million. This former corporate retreat, once owned by 3M, spans a vast area and is expected to attract interest due to its prime location and potential for development.

The acquisition marks a strategic move for the firm, as it aims to capitalize on the growing demand for commercial real estate in the region. The property, known for its scenic surroundings and ample amenities, presents numerous opportunities for investment and redevelopment. Local officials have expressed optimism about the purchase, noting that it could lead to job creation and economic growth in the area.

As the firm plans its next steps, the community is keenly watching how this investment will shape the future of the former retreat and its surroundings.