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
October 2, 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
Days on Market
347
Garage
No
Parking
Paved, Unassigned
View
No
County
Hennepin
Water Source
City Water/Connected
Pool
No
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 Zane Petersen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Northstar MLS. All rights reserved.
Data last updated 12:35 AM UTC, 10/2/2024