Property Attributes
- ID#6397536
- TypeCommercial
- CountyHENNEPIN
- CityExcelsior
- AreaExcelsior
- NeighborhoodExcelsior
- Zip55331
- StyleOffice
- Year Built1889
- Taxes$ 63466
- Price$ 4,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage23429
- Lot Size0.98 Acres
Data Source:
Northstar MLS (NSTAR)
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.
Price History | |
---|---|
7/18/2023 | Listed $420,000 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Forced Air |
Cooling | Central Air |
Utilities | Electric Common,Heating Common,Hot Water Common |
Construction Materials | Brick/Stone |
Year Built | 1889 |
Property SubType | Office |
Tax Year | 2023 |
Current Use | Commercial |
Accessibility | Accessible Elevator Installed,Partially Wheelchair,Wheelchair Ramp(s) |
County | Hennepin |
Property Type | Commercial Sale |
Contingency | None |
Subdivision Name | Excelsior |
Directions | Hwy 7 to Oak St N to Water St,East to 3rd S. to the corner of School Ave & 3rd |
City | Excelsior |
Buyer Agent Compensation | 2.70 |
High School District | Minnetonka |
Zoning Description | Business/Commercial |
Total Units | 1 |
Street Name | School |
Land Lease Y/N | No |
Tax Annual Amount | 63466 |
Additional Parcels Y/N | No |
Standard Status | Active |
Lender Owned | No |
Buyer Agent Compensation Type | % |
PostalCity | Excelsior |
Interior Features
Basement (Y/N) | No |
---|---|
Street Suffix | Avenue |
Fuel | Natural Gas |
Exterior Features
Parking Features | Paved,Unassigned |
---|---|
Water Source | City Water/Connected |
Inclusions | Building,Land |
Lot Size Area | 0.98 |
Building Area Total | 23429 |
Lot Dimensions | 28x175x240x178 |
Lot Size Units | Acres |
Foundation Area | 5857 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool