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720 Galpin Lake Rd 8,316 SF Retail Building Excelsior, MN 55331 $2,300,000 ($276.58/SF) 8% Cap Rate
EXECUTIVE SUMMARY
This Excelsior property offers an exceptional commercial opportunity with unbeatable visibility at the intersection of Highway 7 and County Road 19.
Spanning over 8,000 square feet, this building is thoughtfully designed with a bright, open showroom that welcomes customers, drive-in storage bays for convenient loading and deliveries, and a second floor of well-appointed office space for day-to-day operations. The site also includes ample parking, making it easy for both staff and customers to come and go. Positioned along high-traffic frontage, your business will benefit from constant exposure to thousands of passing vehicles each day. Beyond visibility, the property’s location in the heart of historic Excelsior puts you in the middle of a vibrant, one-of-a-kind community filled with shops, restaurants, and attractions that draw locals and visitors throughout the year. Just steps from Lake Minnetonka, this is an area where businesses thrive on both local loyalty and regional traffic. Whether you’re looking for a flagship showroom, a retail destination, or a highly functional mixed-use business hub, this property offers the space, location, and character to help your business truly stand out.
Spanning over 8,000 square feet, this building is thoughtfully designed with a bright, open showroom that welcomes customers, drive-in storage bays for convenient loading and deliveries, and a second floor of well-appointed office space for day-to-day operations. The site also includes ample parking, making it easy for both staff and customers to come and go. Positioned along high-traffic frontage, your business will benefit from constant exposure to thousands of passing vehicles each day. Beyond visibility, the property’s location in the heart of historic Excelsior puts you in the middle of a vibrant, one-of-a-kind community filled with shops, restaurants, and attractions that draw locals and visitors throughout the year. Just steps from Lake Minnetonka, this is an area where businesses thrive on both local loyalty and regional traffic. Whether you’re looking for a flagship showroom, a retail destination, or a highly functional mixed-use business hub, this property offers the space, location, and character to help your business truly stand out.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,316 SF
Building Class
B
Year Built
2012
Price
$2,300,000
Price Per SF
$276.58
Cap Rate
8%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.46 AC
Zoning
General Commercial
Parking
30 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
183’ on Galpin Lake Rd
AMENITIES
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,222,000 | |
| Land Assessment | $539,000 | Total Assessment | $1,761,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$539,000
Improvements Assessment
$1,222,000
Total Assessment
$1,761,000
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720 Galpin Lake Rd
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