For Sale: Excelsior MLS# 7006401
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Property 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.
**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!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,200,000
Property Type:
Commercial
City:
Excelsior
Garage Spaces:
3
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55331
Subdivision Name:
Galpins Add
Interior
Flooring:
Carpet, Tile
Refrigerators:
One
Appliances Included:
- Cooktop
- Dishwasher
- Dryer
- Range
- Refrigerator
- Washer
Exterior
Stories:
Three Or More
Garage Spaces:
3
Garage Dimensions:
168
Garage Door Height:
7
Garage Door Width:
9
Air Conditioning:
Central Air
Foundation Size:
7,043 ft2
Foundation Dimensions:
110 x 64
Fencing:
Chain Link
Handicap Accessible:
Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom
Heating System:
- Baseboard
- Boiler
- Radiator
Parking Features:
- Attached Garage
- Electric
- Garage Door Opener
- Heated Garage
- On-Street Parking Only
- Parking Lot
- Paved Lot
- Storage
- Underground
Unit Amenities:
- Cable
- City View
- Kitchen Window
Lake & Waterfront
Waterfront View:
Bay, Lake
Lot & Land
Acres:
0.49
Geolocation:
44.902073, -93.563899
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
Lot Dimensions:
245 x 88
Addl Parcels:
3511723230040
Zoning:
- Business/Commercial
- Residential-Single Family
Schools
School District:
1246
District Phone:
9524015000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$26,320
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$27,067
Units
Total Units:
4
Miscellaneous
Current Use:
Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Up Front Homes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.