Cortrust Bank’s Redevelopment Plans for Minnesota Avenue

June 18, 2025

Cortrust Bank is gearing up to redevelop the block on Minnesota Avenue where its new two-storey branch will be located. This change involves relocating from a long-established branch situated at 2101 S. Minnesota Avenue to a new site between 21st and 22nd Streets.

The new facility will incorporate an open gas station to its north and a former Sanford Health office on its southern side. Both of these properties were acquired by Cortrust Bank this past spring.

According to sources, obtaining properties on Minnesota Avenue can be quite challenging. “When Sanford’s real estate opportunity arose, we decided to pursue it and worked diligently to acquire the gas station adjacent to it,” an official noted.

They highlighted that the location is particularly appealing due to its status as a lighted intersection.

While the final design for the bank is yet to be solidified, plans indicate that the new two-storey buildings will necessitate demolishing the existing structures on site. There will also be parking located to the west of these buildings.

Weber expressed the importance of this project, stating, “You only get one chance to do this, so we want to thoroughly consider our future needs and how we can create a sustainable space.” The city appears poised to approve the plan, with hopes to begin clearing the property later this month and start construction soon after. The bank aims to open by the third quarter of 2026, with PuetzDesign + Build handling the design and construction aspects.

Weber further mentioned, “Minnesota Avenue has always been beneficial for us, with ample traffic and making it a convenient spot. It’s been a strong location, so remaining in the same area while owning our facilities is crucial. This will allow us to foster business relationships and look ahead at future growth.”

He also added that the interest in the Sanford buildings on 22nd Avenue and Minnesota Avenue has been notable, as various parties have shown enthusiasm for either occupying or redeveloping the site. “The property was on the market for three months before we signed the contract, showcasing the demand.” He pointed out that the chance to manage and redevelop an entire block was a significant factor in Cortrust’s decision to invest in this property.