Mixed-Use Corner
New
For Sale
$285,000
2550 Bloomington Ave, Minneapolis, MN 55404
Street-level commercial space is paired with two tenant-occupied apartments and a separate basement storage area.
Property SizeContact for details
Days on Market6
Property Features for 2550 Bloomington Ave
General Information
Standard status
Active
Zoning
C1
Site & Location
Neighborhood
Phillips
Corner Location
Yes
Traffic Count
15,000 vehicles/day
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,932
Amenities
in-unit laundry
storage
Building Details
Year Built
1920
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Peritus Real Estate
Listed By:
John A Stiles · License #40207306
(612) 554-7794
Source:
Exprealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 25 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peritus Real Estate
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Investment Insights
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Built in 1920, this brick mixed-use property has a storefront facing Bloomington Avenue and E 26th Street. The commercial space is currently occupied by a barber tenant, with the option for that tenant to remain or for an owner-user to occupy the space. The C1 zoning designation applies to the storefront. Upstairs, a remodeled three-bedroom apartment and a remodeled one-bedroom apartment are occupied by long-term tenants; both have in-unit laundry. The building also includes an open basement for storage and a tandem driveway that accommodates two to four vehicles. The roof is approximately 15 years old.
The property occupies the signalized intersection of Bloomington Avenue and E 26th Street, where approximately 15, 000 vehicles pass daily. Transit stops are located at the intersection, and westbound traffic on E 26th Street travels toward a nearby hospital campus. Both apartments participate in Minnesota’s 4d low-income classification through 2029.
The property occupies the signalized intersection of Bloomington Avenue and E 26th Street, where approximately 15, 000 vehicles pass daily. Transit stops are located at the intersection, and westbound traffic on E 26th Street travels toward a nearby hospital campus. Both apartments participate in Minnesota’s 4d low-income classification through 2029.
Key Highlights
- Brick building constructed in 1920 at a signalized corner
- Storefront faces Bloomington Avenue and E 26th Street; zoned C1
- Two remodeled upstairs apartments: 3‑bedroom and 1‑bedroom, both with in‑unit laundry
Property Analytics
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Current Use
Lease Details
2
Residential units
15,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,403
Businesses Nearby
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Business Placement
Demographics for 55404, MN
29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space is paired with two tenant-occupied apartments and a separate basement storage area.
Where is this mixed-use property located?
The property is located at 2550 Bloomington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Brick building constructed in 1920 at a signalized corner; Storefront faces Bloomington Avenue and E 26th Street; zoned C1; Two remodeled upstairs apartments: 3‑bedroom and 1‑bedroom, both with in‑unit laundry
