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261 School Avenue Excelsior, MN 55331 Listing ID: 6180242

Price: $4,200,000.00

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.

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Primary Features

County

Hennepin

School District

Minnetonka

Year Built

1899

Age

124 yrs old

Style

Office

Property Type

Commercial Sale

Lot Size

28x175x240x178

Property Taxes

$66,417

Additional Features

Cooling

Central Air

Driveway

Exterior

Brick/Stone

Exterior Construction

Foundation

5857.00

Fuel Source

Natural Gas

Govt Programs

Y

Heating

Forced Air

Section

34

Service Amps

Sewer

City Sewer/Connected

Subdivision

Excelsior

Tax Year

2022

Terrain

Utilities

Electric Common,Heating Common,Hot Water Common

Water

City Water/Connected

Water Heater

Zoning

Business/Commercial

Includes

Building,Land,

Excludes

Directions

Hwy 7 to Oak St. N to Water St, East to 3rd S. to the corner of School Ave & 3rd.

Listing Agency

Listing courtesy of
Coldwell Banker Realty
(952) 473-3000

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