Active

261 School Avenue

Excelsior MN, 55331

$4,200,000


$179.27 per sqft

Active

23,429 sqft

Commercial

Built in 1889

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.

6397536

MLS ID

July 18, 2023

Listed

February 16, 2024

Updated

Map

261 School Avenue
Excelsior MN, 55331

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.98 Acres


Sewer

City Sewer/Connected

School Information

School District

Minnetonka

Other Property Details

Taxes

$63,466


Tax Frequency

Annually


Garage

No


Parking

Paved, Unassigned


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2.7%

 

Courtesy of Coldwell Banker Realty

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Welu Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 1:05 AM UTC, 2/16/2024

Powered byLuxury Presence