21 Water St
Excelsior, MN 55331
Excelsior Nail and Spa · Property For Lease

Located in the heart of Excelsior’s historic district and just one block from Lake Minnetonka, this 3,226 RSF commercial space offers a prime opportunity in one of the west metro’s most desirable lake communities. The property features strong visibility, an off-street parking lot, and a flexible layout suitable for a variety of users. Currently built out as a well-maintained nail salon and spa, the space is ideal for wellness, boutique retail, or professional office use. The layout allows for subdivision into two smaller suites. An additional ~1,000 square feet of lower-level space (not included in RSF) is available for storage or supplemental use. Importantly, the property is situated directly across the street from a planned 43-unit luxury apartment development on the shores of Lake Minnetonka, which will include new retail and restaurant space—bringing increased foot traffic and long-term commercial vibrancy to the block. Property Highlights: -3,226 rentable square feet -Additional ~1,000 SF of lower-level storage (non-RSF) -Located one block from Lake Minnetonka in Excelsior’s walkable historic district -Across from proposed 43-unit apartment development with retail and dining -Private off-street parking -Flexible layout with subdivision or office conversion potential -High visibility and strong local + visitor foot traffic A strategic location for businesses seeking long-term visibility and growth in the heart of Excelsior.