Property for Sale in Minneapolis
2550 Bloomington Avenue
Minneapolis, MN 55404
Property Details
Year Built
1920
Square Feet
4,527
Parking Features
Unassigned,Open
Acres
0.06
Zoning
Business/Commercial, Residential-Multi-Family
2026 Property Taxes
$7,932
School District
Minneapolis
County
Hennepin
Built in 1920, this brick corner building has served the neighborhood for more than a century: first as a medical office, then a grocery, and for decades a barber shop. It's now ready for its next chapter. The building sits at the signalized corner of Bloomington Avenue and E 26th Street, where about 15,000 vehicles pass each day. Westbound traffic on 26th heads toward the nearby hospital campus, and transit stops are at the intersection. The C1-zoned storefront faces both streets. The current barber tenant can stay in place, or an owner-user can take over the space for their own business. An owner-occupant may qualify for SBA financing, which offers low down payments. Upstairs are a fully remodeled 3-bedroom and 1-bedroom apartment with long-term tenants. These units have in-unit laundry which is an attractive amenity. Both are enrolled in Minnesota's 4d low-income classification through 2029, which lowers property taxes. The building also has an open basement for storage and a tandem driveway for two to four vehicles. The roof is approximately 15 years old. It's a strong fit for an investor looking for stable mixed-use income, or a business owner who wants to own their location and have rental income help pay for it. Buyer to verify all measurements and other details.
From Hiawatha Ave. Go West on E26th ST. Building is on the NW corner of Bloomington and 26th.
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Lot Size
32 x 81
Foundation
Brick/Mortar
Additional Info
Includes
Dryer,Range,Refrigerator,Washer
Listed By
John Stiles of Peritus Real Estate
Listed
10/20/26 and last updated 10/22/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.