2550 Bloomington AVE Minneapolis, MN 55404
4 Beds
3 Baths
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Gales 1St Add
MLS Listing ID 7162577
Bedrooms 4
Year Built 1920
Annual Tax Amount $7,932
Tax Year 2026
Contingent None
Lot Size 2,613 Sqft
Lot Dimensions 32 x 81
Property Description
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.
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.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Boiler
Inclusions Building, Leases
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Parking Features Unassigned, Open
Pool None
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Flat
Present Use Beauty/Barber Shop,Residential
Building
Lot Description Corner Lot
Story Two
Foundation 1564
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Minneapolis