Interested In This Property
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 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 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.
Available now for only $285,000
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