261 School Avenue, Excelsior, MN 55331

$4,200,000.00
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Active
SQUARE FEET23,429 MLS#6180242
STATUSActive PROPERTY TYPECommercial - Office SUBDIVISIONExcelsior SCHOOLMinnetonka

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.

Property Features

Property Type: Commercial - Office
Cooling: Central Air
Days on Market: 22
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.98 Acres
Taxes: $66,417
Year Built: 1899

Feature Descriptions

Current Use: Commercial
Exterior: Brick/Stone
Foundation Size: 5857
Handicap Accessible: Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Lot Dimensions: 28x175x240x178
Parcel#: 3411723140051
Parking: Paved, Unassigned
Sale Includes: Building, Land
Sewer: City Sewer/Connected
Units: 1
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minnetonka

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Phone: 952-473-3000

Shown By

Agency Title: Real Estate Masters
Agency Phone:

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