2550 Bloomington AvenueMinneapolis, MN 55404
$285,000
4 bedrooms · 3 bathrooms · 4,527 finished sq ft · 0.06 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1920
- Bedrooms
- 4
- Bathrooms
- 3
- Finished sq ft
- 4,527
- Lot
- 0.06 acres
- Basement
- Full
- Heating
- Natural Gas
- Property taxes
- $7,932 a year
- Listed
- October 20, 2026
- MLS number
- 7162577
Listing courtesy of Peritus Real Estate (John A Stiles). MLS #7162577.
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How it compares
2550 Bloomington Avenue, Minneapolis, MN 55404 is a 4-bedroom single-family home built in 1920 in Midtown Phillips, listed for $285,000 on October 20, 2026 by Peritus Real Estate. That is in the middle range of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $63 per square foot here against $207 for the group). That works out to $63 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Midtown Phillips, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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