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 Excelsiorone of Lake Minnetonka’s most coveted destinations and often referred to as the Malibu of the Midwest520 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 possibilitieswhether 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 | 226 |
| Listing Provided By | Up Front Homes | Gregory A Haage |
Features
| SQ Feet | 8,000 |
|---|---|
| Garage | 3 |
| Basement | Y |
| 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: 226 low | high Med: 226 | |
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: 226 low | high Med: 226 | |