261 School Avenue Excelsior, MN 55331

$4,200,000 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 9/9/2022
Status: Active

MLS #: 6180242

Office Sq. Feet: N/A
On Site: 85 Days Lot Size: 0.98 Acres
City: See All Properties for Sale in Excelsior
DESCRIPTION
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261 School Avenue is a rare historical opportunity in the heart of Excelsior, located in the commercial district and a few blocks from Lake Minnetonka. This classic 1899 revival style building has undergone a complete renovation and updated to its current multi-tenant office use in 1997.
The building features four levels of office suites, common areas; lobby, ADA restrooms and an elevator making this property handicap accessible. Zoned CC-Cottage Commercial District, which is a mixture
of commercial service, retail, entertainment, civic, institutional, and related public facilities.
This well-maintained property represents a quality investment opportunity with great tenants, reasonable lease rates, and space for an owner user if desired.
FEATURES / AMENITIES
Accessibility Features: Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.98 Acres
Lot Dimensions: 28x175x240x178
Parking Features: Paved, Unassigned
Utilities: Electric Common, Heating Common, Hot Water Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning: Business/Commercial
Directions: Hwy 7 to Oak St. N to Water St, East to 3rd S. to the corner of School Ave & 3rd.
COMMUNITY, TAX AND RELATED INFO
School District: Minnetonka
County: Hennepin
Sale Includes: Building, Land
Tax Year: 2022
Tax Annual Amount: $66, 417
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Listing Information Last Updated 12/2/2022
© Copyright 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
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Property Summary

261 School Avenue
Excelsior, MN 55331

MLS®: 6180242

List Price: $4,200,000

Description:

MLS® 6180242: This property at 261 School Avenue, Excelsior, MN 55331 is located in the subdivision and is listed for $4,200,000. MLS® 6180242 has been on the market for 84 days.