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400 Highway 7 2,897 SF Retail Building Excelsior, MN 55331 $990,000 ($341.73/SF)
Investment Highlights
- Excellent redevelopment or owner/user opportunity
- Existing billboard income
- Located on Hwy 7 with access at Morse Avenue
Executive Summary
This is a rare opportunity to secure a prime location on State Highway 7 in the heart of Excelsior. Situated on 0.42 acres, the property features an existing 2,897-sq. ft. building, offering immediate functionality and potential for redevelopment. With excellent access and high visibility along a major corridor, this site provides outstanding signage opportunities to capture traffic and enhance brand presence. The area boasts exceptional demographics, making it ideal for businesses seeking a strong customer base. Flexible zoning allows for a wide variety of uses, from retail and office to specialty services, giving you the freedom to tailor the space to your vision. Don’t miss this chance to position your business in one of the most desirable locations in the Lake Minnetonka area.
• Excellent redevelopment or owner/user opportunity
• Located on Hwy 7 with access at Morse Avenue
• Income from highway billboard
• Signage available. Traffic count Hwy 7: 33,671 vpd.
• Dynamic retail district near Lake Minnetonka, supported by affluent demographics
• Fully sprinklered
• Excellent redevelopment or owner/user opportunity
• Located on Hwy 7 with access at Morse Avenue
• Income from highway billboard
• Signage available. Traffic count Hwy 7: 33,671 vpd.
• Dynamic retail district near Lake Minnetonka, supported by affluent demographics
• Fully sprinklered
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,897 SF
Building Class
C
Year Built
1900
Price
$990,000
Price Per SF
$341.73
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.48 AC
Zoning
GC-General Commercial
Parking
10 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
104’ on Highway 7
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-117-23-14-0047 | Total Assessment | $719,000 (2024) |
| Land Assessment | $472,000 (2024) | Annual Taxes | ($2,897) (($1.00)/SF) |
| Improvements Assessment | $247,000 (2024) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
34-117-23-14-0047
Land Assessment
$472,000 (2024)
Improvements Assessment
$247,000 (2024)
Total Assessment
$719,000 (2024)
Annual Taxes
($2,897) (($1.00)/SF)
Tax Year
2025 Payable 2025
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400 Highway 7
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