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Property Details

261 School Avenue
Excelsior, MN 55331

Price: $4,200,000

Listing # 6397536


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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.

Basic Features:

Style Office
Type Commercial Sale
Zoning Business/Commercial
Year Built 1889
School District Minnetonka
County Hennepin
Lot Size 28x175x240x178
Acreage 0.98 acres
Number of Units 1
Tax $ / Year $63,466 / 2023
Tax ID
Legal Description

Includes:

Building,Land

Additional Features
Government Programs
Section 34
Terrain Type
Cooling Central Air
Driveway
Exterior Features Brick/Stone
Foundation 5857.00
Fuel Source Natural Gas
Handicap Access Accessible Elevator Installed,Partially Wheelchair,Wheelchair Ramp(s)
Heating Forced Air
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Paved,Unassigned
Exterior Construction
Utilities Electric Common,Heating Common,Hot Water Common
Laundry N

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