For Sale: Excelsior MLS# 6718465
Active
$4,200,000
Commercial: Office
Built 1889
0.98 acres
Minnetonka schools
MLS# 6718465
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$4,200,000
Property Type:
Commercial
City:
Excelsior
Garage Spaces:
0
County:
Hennepin
Year Built:
1889
State:
MN
Property Style:
Office
Zip Code:
55331
Subdivision Name:
Excelsior
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
5,857 ft2
Handicap Accessible:
Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Heating System:
Forced Air
Parking Features:
- Paved
- Unassigned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.98
Geolocation:
44.901568, -93.564903
Inclusions:
Building, Land
Lot Dimensions:
28 x 175 x 240 x 178
Zoning:
Business/Commercial
Schools
School District:
276
District Phone:
952-401-5000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$63,531
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$63,531
Units
Total Units:
1
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.