Here is what the corner drug store looks like circa summer 2012 (now known as the Loring Pasta Bar).
gray’s campus drug
Bob Dylan moved to the Dinkytown neighborhood of Minneapolis in the fall of 1959, and attended the University of Minnesota as a journalism major for a year. One of his apartments was above a place named Gray's Campus Drug at the corner of 14th Ave S and 4th st SE. Today, the drugstore is an upscale pasta bar.
While only in Dinkytown for 15 months before moving to New York, Bob Dylan had some formative experiences here: being introduced to folk music, trading in his electric guitar for an acoustic, hearing Woody Guthrie for the first time and reading Guthrie's book, Bound for Glory.