1550 American Blvd E, Bloomington (Minneapolis), MN 55425 Property Records

Hennepin County property record for 1550 American Blvd E, Bloomington, MN 55425

Property Summary

Property Type	Commercial
Details	17,173 sqft · built 1985
Lot Size	4.53 acres (197,762 sqft)
Owner	Company Name on Record
Last Sale	$25,000,000 (Nov 2021)
Tax Bill	$658,069 (2025)
Deeds & Mortgages	Nov 2021 Sale Oct 2021 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`02-027-24-11-0013`

Property Details

APN / Parcel Number

Primary APN	`02-027-24-11-0013`

Interior

Units	95 Units
Stories	1 Story
Building Area	17,173 sqft Building Perimeter
Gross Area	164,737 sqft
1st Floor Area	17,173 sqft
Basement Area	10,953 sqft
Flooring	Wood

Exterior

Year Built	Built 1985
Effective Year Built	Effective 1998
Exterior Material	Composition/Composite
Lot Area	197,762 sqft
Garage Type	Basement

Location & Zoning

Street Address	1550 AMERICAN BLVD E
City	MINNEAPOLIS
State	MN
Zip	55425-1136
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 001 BLOCK 001 B SUMMIT STATE BANK ADDN SUBJECT TO ROAD IRREGULAR
Legal Range	24
Legal Township	027
Legal Section	02
Legal Quarter	11
Legal Subdivision	SUMMIT STATE BANK ADDN
Legal Block	1
Legal Lot Number	1
Jurisdiction	HENNEPIN MN
Township / Civil Division	BLOOMINGTON
Census Block Group	2
Census Block	2001
Census Tract	25201

Owner

Source: Hennepin County records, as of June 25, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1550 AMERICAN BLVD E, MINNEAPOLIS, MN 55425-1136
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 30, 2021	Limited Warranty Deed, Transfer
Oct 8, 2021	Limited Warranty Deed, Transfer · Commercial Mortgage TRUSTONE FINANCIAL CU
Jul 17, 2020	Deed of Trust, Mortgage · Line of Credit CITIBANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 30, 2021 · Amount on Record
Deed Sale	Nov 30, 2021 · Amount on Record
Prior Sale	Oct 8, 2021 · Amount on Record
Deed Document Number	202111050172
Prior Transfer Date	Oct 7, 2021
Prior Transfer Doc	0A11050172
Record Updated	Sep 20, 2026

November 2021: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Nov 30, 2021
Property Address	1550 AMERICAN BLVD E, BLOOMINGTON, MN 55425-1139
Document Number	0A11050172
Instrument Date	Oct 7, 2021
Instrument	A11050172
Transaction Type	Transfer
Record Updated	Aug 15, 2022

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	10050 CROSSTOWN CIR STE 100, 100, EDEN PRAIRIE, MN 55344-3348

October 2021: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Oct 8, 2021
Property Address	1550 AMERICAN BLVD E, BLOOMINGTON, MN 55425-1139
Document Number	0T05884990
Instrument Date	Oct 7, 2021
Instrument	T05884990
Transaction Type	Transfer
Record Updated	Aug 15, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$82,500.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	10050 CROSSTOWN CIR STE 100, 100, EDEN PRAIRIE, MN 55344-3348

Mortgage

Document Number	0T05884991
Date	Oct 8, 2021
Instrument	T05884991

Lender

Name	TRUSTONE FINANCIAL CU
Type	Credit Union

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

July 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	1550 AMERICAN BLVD E, BLOOMINGTON, MN 55425-1139
Document Number	0010819842
Instrument Date	Jul 17, 2020
Transaction Type	Mortgage
Record Updated	Aug 24, 2020
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	2711 N HASKELL AVE #1700 DALLAS TX 752042922, 1700, DALLAS, TX 75204-2922

Mortgage

Document Number	0010819842
Date	Aug 3, 2020
Instrument	10819842

Lender

Name	CITIBANK
Type	Bank
Address	388 -390 GREENWICH ST TOWER FL, NEW YORK, NY 10013

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	24 Months
Due	Aug 2, 2022

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Bloomington City
Unified School District	Bloomington Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$658,069.00 (-1.6%)	$14,800,000 (-7.5%) Land $3,560,000 Building $11,240,000	$14,800,000 (-7.5%) Land $3,560,000 Building $11,240,000
2023	$668,739.00
2022		$16,000,000 Land $3,560,000 Building $12,440,000	$16,000,000 Land $3,560,000 Building $12,440,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	6 (1978–1987)
Claims Outside the SFHA	6 of 6
Most Recent Claim	Jul 1987 · Severe Storms, Tornadoes & Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 86% of Minnesota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Bloomington serves 91,300 people · EPA ID MN1270001
Water Source	Purchased surface water from several systems
Last State Inspection	Dec 2024
Lead	2 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 74 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber	3,000 / 3,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75
AT&T Fixed Wireless	100 / 20

May also be available: T-Mobile.

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