One of Dinkytown’s best-known late-night stops has quietly gone dark. Burrito Loco, the longtime burrito-and-bar fixture on the neighborhood’s corner strip, has closed, and the building it called home has sold for $1.35 million. Neighbors say the storefront sat boarded up for months before the deal closed, and the space now appears to be in new hands, leaving a ready-to-use restaurant site sitting empty in the heart of the University-area drag.
According to the Minneapolis/St. Paul Business Journal, public records confirm the $1.35 million sale price and note that the building includes a fully equipped commercial kitchen and bar. The Business Journal reports the property had been boarded up for several months before the sale, a sign the shutdown happened quietly rather than with a public farewell to regulars.
A commercial listing for 418 13th Ave. SE bills the building as about 6,648 square feet of turnkey restaurant space, with dining areas and bars on multiple levels and all furniture, fixtures, and equipment included, per the listing on LoopNet. That setup positions the property as a plug-and-play opportunity for anyone looking to open the doors again with minimal build-out.
Dinkytown has been cycling through restaurants, bars, and shops as new student housing and development reshape the neighborhood, and local coverage has tracked the constant turnover. Outlets like Racket have chronicled how old favorites and fresh concepts keep jockeying for space near campus.
Licensing and city records
City records show Burrito Loco appeared on a May 2025 City Council committee agenda tied to a proposed liquor license revocation that was later removed from the docket, according to the City of Minneapolis. That brief agenda entry, filed amid questions about outstanding state taxes, leaves a paper trail of regulatory trouble surrounding the business in its final months.
What comes next for the corner
With a fully outfitted kitchen and bar included in the sale, the new owner could court restaurateurs or investors looking for a relatively fast turnaround. It is not yet clear whether Burrito Loco itself might be revived or if a completely different concept will move in. For now, neighbors and students are left watching the corner for new signs, permit postings, or any hint of what is coming next as Dinkytown’s lineup keeps shifting.
