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520 2nd St 7,040 SF Retail Building Excelsior, MN 55331 $3,200,000 ($454.55/SF)



Investment Highlights
- Premier corner-positioned mixed-use offering in the heart of Excelsior, one of Lake Minnetonka’s most sought-after destinations
- Dual-level commercial building offering flexible layouts suited for professional services, boutique retail, creative offices, wellness concepts
- Attached four-story residence with rental license option featuring multiple bedrooms, spacious living areas, private backyard, and oversized garage
- Unmatched visibility at a gateway location where visitors arrive to Maynard’s, Excelsior Bay, and the waterfront
- Walkable to Excelsior’s celebrated dining scene including Mirabelle, Coalition, Vagabondo, Maynard’s, 318 Café, and the full Water Street retail
Executive Summary
Here it is! The Prime Location you’ve been waiting for. Located in the heart of Excelsior—one of Lake Minnetonka’s most coveted destinations and often referred to as the “Malibu of the Midwest”—520 2nd Street presents a truly rare, mixed-use zoned, once-in-a-generation opportunity that combines 8000 sq ft between the well-established commercial building owned by Huber Funeral Homes with a spacious, single-family residence w/rental license, if desired. **When you arrive in Excelsior, the significance of this location is immediately clear: Maynard’s and Lake Minnetonka are to your right and 520 2nd Street is straight ahead. Few properties can claim this level of visibility, prominence, and daily exposure. This is THE location! **The commercial space features two expansive, separate and well-defined levels (main and upper), providing outstanding flexibility for a wide range of business models, professional services, boutiques, showrooms or 100's of other creative uses. **Positioned in one of Excelsior’s most active and walk-able areas, the property delivers exceptional business brand presence while capturing the prestige and lifestyle appeal of Excelsior Bay and Lake Minnetonka. **This is a fantastic opportunity for owner-users, investors, developers, and business visionaries who desire a premier presence in a community known for its amazing lake lifestyle, dining experiences like Vagabondo, Mirabelle, Coalition, Maynard's, 318 plus numerous shops on Water Street and surrounding streets, along with a long-term business value, who are seeking an exceptional, highly-coveted Lake Minnetonka location. **For developers and investors, the property’s configuration, location, and prominent visibility, un-lock a variety of high-value possibilities—whether as a refined live/work estate, a signature business destination, or a strategic redevelopment. **The attached 4-story home boasts (4) bedrooms with a master bedroom and en-suite, (4) bathrooms, kitchen, dining room and a great room with vaulted ceilings designed for everyday living, as well as, entertaining. **More home highlights include a large private backyard and a three-car attached garage, creating an exceptional live-work lifestyle in an unbeatable Excelsior location. **Don’t wait on this one
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
7,040 SF
Building Class
C
Year Built
1900
Price
$3,200,000
Price Per SF
$454.55
Tenancy
Single
Building Height
2 Stories
Slab To Slab
11’6”
Building FAR
0.34
Lot Size
0.48 AC
Zoning
Commercial, mixed use. - Commercial and residential
Parking
50 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
141’ on 2nd St
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Huber Funeral Homes
- Services
- -
- -
- -
Funeral Pre-arrangement .
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Huber Funeral Homes | Services | - | - | - |
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-117-23-11-0020 | Improvements Assessment | $206,000 |
| Land Assessment | $851,000 | Total Assessment | $1,057,000 |
Property Taxes
Parcel Number
34-117-23-11-0020
Land Assessment
$851,000
Improvements Assessment
$206,000
Total Assessment
$1,057,000
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Videos
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Photos
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Presented by
Up Front Development LLC
520 2nd St
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