261 School Avenue
Excelsior (MN) 55331
$4,200,000
Active
StatusActive
YR1889
School District276
DOM347
Public Remarks
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.
Quick Specifications
Price :
$4,200,000
Status :
Active
Property Type :
Commercial Sale
Year Built :
1889
School District :
276
Taxes :
$ 63466
MLS# :
6397536
Interior Features
Foundation Size :
5857
Lot and Location
PostalCity :
Hennepin
Zip Code :
55331
Directions :
Hwy 7 to Oak St N to Water St, East to 3rd S. to the corner of School Ave & 3rd
Complex/Development/Subd :
Excelsior
Lot Dimensions :
28x175x240x178
Zoning :
Business/Commercial
School District :
276
School District Phone :
952-401-5000
Structural Features
Class :
Commercial Sale
Exterior :
Brick/Stone
Accessibility Features :
Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Sewer :
City Sewer/Connected
Water :
City Water/Connected
Financial Considerations
Foreclosure Status :
No
Lender Owned :
No
Potential Short Sale :
No
Latitude :
44.901568
MLS# :
6397536
Style :
Office
Complex/Development/Subd :
Excelsior
Tax Amount :
$ 63466
Tax With Assessments :
63465.7000
Tax Year :
2023