Chase Bank paid Hy-Vee $1.85 million for open land to build a Rochester branch

Chase Bank paid Hy-Vee $1.85 million for open land to build a Rochester branch

ROCHESTER — JPMorgan Chase Bank recently paid $1.85 million for a high-profile piece of open land to build a branch by Hy-Vee’s Crossroads grocery store in Southwest Rochester. Chase bought the almost 1-acre of grass-covered land from Hy-Vee on June 9. Olmsted County estimated the total market value of the undeveloped land at $742,000 for 2026-2027. The bank has already fenced off the lot along U.S. Highway 14 West as it prepares to start constr…