Photo by Zach Kayser
Fastenal purchased the former Winona Family YMCA for $950,000, fulfilling a deal the company made with the Y in 2018. At that time, Fastenal officials planned to demolish the building and use the space for parking.
Fastenal buys former YMCA
by ZACH KAYSER
Fastenal has purchased the old Winona Family YMCA facility, furthering an ongoing effort to buy land downtown as the company expands its offices.
The purchase of the building at 207 Winona Street was completed Wednesday for $950,000 in cash, according to records from the Minnesota Department of Revenue. With the purchase of the parcel, Fastenal has now acquired the better part of two city blocks, between Huff and Winona Street from Third Street in the north to Fifth Street in the south. In addition to the YMCA, Fastenal also bought land once owned by Mn/DOT for the construction of the Interstate Highway 43 bridge and later classified as surplus. City officials confirmed last month that they are working with Fastenal to develop the block due north of the former Y, possibly for parking.
A purchase agreement between Fastenal and the YMCA for the Winona Street facility was announced in 2018. Fastenal said the plot was to be used for parking space — which likely would involve the demolition of the YMCA building, first constructed in the 1950s. Fastenal is building a new 400-person office facility on Second Street, just east of the bridge.
Fastenal Vice President Dana Johnson was not immediately available for comment.
Jannecke Sobeck, CEO of Winona Family YMCA, declined to comment Friday on plans for the future use of the land or whether the building would be demolished. She did say that the proceeds from the sale would go to the capital fundraising campaign for the Y’s new facility.