Excelsior, MN 55331 261 School Avenue

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Presented By: Coldwell Banker Realty
  • MLS# 6718465
  • 05/09/2025
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  • SQFT • 23,429

Home Details

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.
Presented By: Coldwell Banker Realty

Interior Features for 261 School Avenue

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General for 261 School Avenue

AccessibilityAccessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Additional Parcels Y/NNo
Carport Spaces
CityExcelsior
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseCommercial
DirectionsWater St. S. on 3rd to School Ave.
Garage Spaces
HeatingForced Air
High School DistrictMinnetonka
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Number Of Units Total1
PostalCityExcelsior
Property SubtypeOffice
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameExcelsior
Tax Annual Amount63531
Tax Year2025
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1889
Zoning DescriptionBusiness/Commercial

Exterior for 261 School Avenue

Building Area Total23429
Foundation Area5857
InclusionsBuilding, Land
Lot Dimensions28x175x240x178
Lot Size Area0.98
Parking FeaturesPaved, Unassigned
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $4,200,000
MLS#6718465
List Date 05/09/2025
Property Type Commercial
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