FOR SALE

Mixed Use

$285,000

2550 Bloomington Avenue, Minneapolis MN 55404

Property information

Beds

4

Baths

3

Sq Ft

—

Year Built

1920

Property Type

Mixed Use

Acres

0.06

County

Hennepin

Waterfront

No

Waterfront View

—

Waterfront Feet

—

Water Body

—

Parking

0

Basement

Full

Price/Sqft

—

Stories

Two

Pool

None

HOA Fee

N/A

Updated

TODAY

List Date

10/21/2026

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.