The building just behind it is still there too it seems, looks like at some point they merged the two as there's now 4 windows on the second floor, aside from all the many other changes.

I also found that same photo on Minnesota Reflections. 

Wow, I lived there for a year. Weird.

There was a lot of foot traffic in and out of that place in the late 1980s early 90s. The cat that lived upstairs (Last window to the left) had a lucrative little operation running out of there. Not sure if I ever ralphed on any floors up there, but it's almost certainly a landmark soley based on the underground activity over the years.