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For Sale

261 School Avenue

261 School Avenue, Excelsior, MN 55331

$4,200,000

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.

23,429 Sq.Ft. LIVING AREA

0.98 Acres lot

Features & Amenities

Area & Lot

Status For Sale
Living Area23,429 Sq.Ft.
Lot Area0.98 Acres
MLS® ID6718465
TypeCommercial
YEAR BUILT1889
NeighborhoodExcelsior
School DistrictMinnetonka

Exterior

water SourceCity Water/Connected
utilitiesElectric Common, Heating Common, Hot Water Common
parkingPaved, Unassigned
HEAT TYPEForced Air
AIR CONDITIONINGCentral Air
sewerCity Sewer/Connected
Disability FeaturesAccessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)

Financial

Sales Price$4,200,000
Real Estate Tax $63,531/yr

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261 School Avenue

$4,200,000

Features & Amenities

Area & Lot

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