261 School AVE, Excelsior, MN 55331 - 6397536

See all 19 photos

19 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$4,200,000

Est. payment - /mo

0.98 Acres Lot

Save

UPDATED:

06/30/2024 01:12 AM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Excelsior

MLS Listing ID 6397536

Year Built 1889

Annual Tax Amount $63,466

Tax Year 2023

Contingent None

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions 28x175x240x178

Property Description

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.

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land

Fireplace No

Exterior

Garage Paved, Unassigned

Utilities Available Electric Common, Heating Common, Hot Water Common

Present Use Commercial

Parking Type Paved, Unassigned

Building

Foundation 5857

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minnetonka

Read Less Info

Listed by William Wolfson • Coldwell Banker Realty

Get More Information

Jamie Albertsen

+1(507) 581-7094