A beloved local bookstore, Paperback Exchange, is facing an unimaginable loss after a water main break flooded their southwest Minneapolis store early last Thursday morning . The store, which was preparing to celebrate its 50th anniversary this spring, now finds itself in the midst of a crisis.

A major water main break early Thursday flooded a building and streets at a busy intersection in south Minneapolis, with the water quickly freezing in subzero conditions.

All residents parking on Oliver Avenue South have been notified as the water might freeze cars to the street if they are not moved soon.

Javonte Lynn, a water distribution trainee with the city of Minneapolis, and Josh Menne, a water distribution foreman, left to right, carry flower bouquets in the flooded basement of Lake Harriet Florist in Minneapolis on Thursday.

A Minneapolis bookstore says it has lost a majority of its inventory due to flooding in the basement caused by a burst water main last week. Paperback Exchange said the burst main under West 50th Street on Thursday resulted in "catastrophic damage" to the basement wall,