Aug. 10--The old First National Bank building at 203 S. Main Street, across from the Red Rooster is for sale, and whoever buys it will get a lot of history.
When the bank was built in 1906, it was praised for its architecture. The twostory structure with high ceilings, pillars, marble floor and dark woodwork communicated a sense of stability to its customers.
It was sometimes described as having a "modern Federal Building appearance," said Carol White, office manager at the Dacotah Prairie Museum.
Brian Rezatto and Dave Graf own the building, which is now for sale for $259,000, down from $299,000.
Rezatto houses his commercial insurance business on the second floor. To visit, him I entered the vacant first floor, then climbed an ornate staircase to his corner office with a great view of downtown. His business has been on the second floor for about eight years. Previously, his insurance office was on Eighth Avenue Northeast, but the bank building has worked well for him, he said.
While some people believe the First National Bank failed in the Depression, it survived, said White. It stayed at that location until 1958, when First National moved to a new building. The bank later became Norwest Bank and then Wells Fargo.
The old building was bought by Stewart School of Hairstyling in 1960. In 1967, the building was remodeled and expanded. Stewart's eventually consolidated its operations in
Sioux Falls. At one time, the bank building housed Tony's Gym and the Boston Fern. Rezatto said there are still some saunas in the basement from when Tony's was there.
The building has about 7,600 square feet of usable space. Rezatto said he would rent out the first floor, but would prefer to sell the building. He would then move his insurance business to another location or possibly stay as a tenant.
"It is a great space," he said. "Someone with the right idea could make it go," he said.
Karen at MFG
While I was covering U.S. Rep. Kristi Noem's visit to the Molded Fiber Glass plant on Tuesday, General Manager Dave Giovannini told me there are about 90 Karen (pronounced ka' ren or kuhren) working at the plant.
The Karen are refugees from Myanmar, a country in Southeast Asia. In December, about 60 Karen were working at the plant. Giovannini said the Karen are excellent workers and have been very important in helping the plant reach its production goals. Last month, MFG set a record by producing 100 wind turbine blades.
The Dunham's Sporting Goods has been remodeling for its new store on the west side of Lakewood Mall. I have not been able to find out a projected opening date from Dunham's corporate headquarters in Waterford, Mich., but I know that the company is making a substantial investment.
The building permit states the remodel will cost $490,000.
Follow@Business_AAN on Twitter or email firstname.lastname@example.org.
(c)2012 the American News (Aberdeen, S.D.)
Visit the American News (Aberdeen, S.D.) at www.aberdeennews.com
Distributed by MCT Information Services