520 2nd Street,Excelsior, MN 55331
Excelsior, MN 55331
Description
Here it is! The Prime Location you've been waiting for. Located in the heart of Excelsior-one of Lake Minnetonka's most coveted destinations and often referred to as the "Malibu of the Midwest"-520 2nd Street presents a truly rare, mixed-use zoned, once-in-a-generation opportunity that combines 8000 sq ft between the well-established commercial building owned by Huber Funeral Homes with a spacious, single-family residence w/rental license, if desired. Nearly 3/4 acre. **When you arrive in Excelsior, the significance of this location is immediately clear: Maynard's and Lake Minnetonka are to your right and 520 2nd Street is straight ahead. Few properties can claim this level of visibility, prominence, and daily exposure. This is THE location! **The commercial space features two expansive, separate and well-defined levels (main and upper), providing outstanding flexibility for a wide range of business models, professional services, boutiques, showrooms or 100's of other creative uses. **Positioned in one of Excelsior's most active and walk-able areas, the property delivers exceptional business brand presence while capturing the prestige and lifestyle appeal of Excelsior Bay and Lake Minnetonka. **This is a fantastic opportunity for owner-users, investors, developers, and business visionaries who desire a premier presence in a community known for its amazing lake lifestyle, dining experiences like Vagabondo, Mirabelle, Coalition, Maynard's, 318 plus numerous shops on Water Street and surrounding streets, along with a long-term business value, who are seeking an exceptional, highly-coveted Lake Minnetonka location. **For developers and investors, the property's configuration, location, and prominent visibility, un-lock a variety of high-value possibilities-whether as a refined live/work estate, a signature business destination, or a strategic redevelopment. **The attached 4-story home boasts (4) bedrooms with a master bedroom and en-suite, (4) bathrooms, kitchen, dining room and a great room with vaulted ceilings designed for everyday living, as well as, entertaining. **More home highlights include a large private backyard and a three-car attached garage, creating an exceptional live-work lifestyle in an unbeatable Excelsior location. **Don't wait on this one!
Details
| MLS # | 7006401 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 255 |
| Listing Provided By | Up Front Homes | Gregory A Haage |
Features
| SQ Feet | 8,000 |
|---|---|
| Garage | 3 |
| Units | 4 |
| Zoning | Business/Commercial,Residential- |
| Acreage | 0.68 |
| Property View | Bay, Lake |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Baseboard, Boiler, Radiator |
| Appliances | Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer |
Parking
| Parking Features | Attached Garage, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Parking Lot, Paved Lot, Storage, Underground |
|---|
Utilities
| Utilities | Electric Common |
|---|
Taxes
| Property | 26320 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Excelsior |
| Zip Code | 55331 |
| Community Name | Galpins Add |
| School District | 276 |
| High School | Minnetonka |
| Listing VS Median (in Galpins Add) | |
Price: $3,200,000 low | high Med: $3,200,000 sqft: 8,000 low | high Med: 8,000 $ / sqft: $400 low | high Med: $400 On site: 255 low | high Med: 255 | |
Market Activity 55331
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Excelsior |
| Zip Code | 55331 |
| Community Name | Galpins Add |
| School District | 276 |
| High School | Minnetonka |
| Listing VS Median (in Galpins Add) | |
Price: $3,200,000 low | high Med: $3,200,000 sqft: 8,000 low | high Med: 8,000 $ / sqft: $400 low | high Med: $400 On site: 255 low | high Med: 255 | |