261 School AVE, Excelsior, MN 55331 - MLS#6718465

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$4,200,000

Est. payment - /mo

42,688 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 42,688 sqft

Price per Sqft $98

Subdivision Excelsior

MLS Listing ID 6718465

Year Built 1889

Annual Tax Amount $63,531

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions 28x175x240x178

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.

Location

State MN

County Hennepin

Community Excelsior

Direction Water St. S. on 3rd to School Ave.

Interior

Heating Forced Air

Cooling Central

Exterior

Parking Features Paved Lot, Unassigned

Utilities Available Electric Common, Heating Common, Hot Water Common

Accessibility Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp

Building

Water City Water/Connected

Others

Senior Community No

Tax ID 3411723140051

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Listed by Coldwell Banker Realty

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