Excelsior, MN 55331 520 2nd Street

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Presented By: Up Front Homes
  • MLS# 7006401
  • 01/10/2026
  • Request Tour
  • Request Info
  • SQFT • 8,000
  • Garage • 3

Home Details

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!
Presented By: Up Front Homes

Interior Features for 520 2nd Street

Other Interior Features

Basement (Y/N)Yes
Foundation Dimensions110 x 64
FuelNatural Gas
Garage Dimensions168
Garage Door Width7

General for 520 2nd Street

AccessibilityDoors 36 +, Fully Wheelchair, Grab Bars In Bathroom
Additional Parcels Description3511723230040
Additional Parcels Y/NYes
Amenities UnitCable, City View, Kitchen Window
AppliancesCooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Carport Spaces
CityExcelsior
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseProfessional/Office
DirectionsComing from the East (Minnetonka) on Hwy 7, take the Excelsior exit. Take left to building
Garage Spaces3
HeatingBaseboard, Boiler, Radiator
High School DistrictMinnetonka
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total4
Possible UseOffice, Other, Professional Service, Restaurant, Retail, Diversified, Income, Industrial, Lounge/Bar, Medical/Dental, Motel/Hotel
PostalCityExcelsior
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameGalpins Add
Tax Annual Amount26320
Tax Year2025
UtilitiesElectric Common
ViewBay, Lake
Year Built1900
Zoning DescriptionBusiness/Commercial, Residential-Single Family

Exterior for 520 2nd Street

Building Area Total8000
FencingChain Link
Foundation Area7043
InclusionsBuilding, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
Lot Dimensions245 x 88
Lot Size Area0.49
Parking FeaturesAttached Garage, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Parking Lot, Paved Lot, Storage, Underground
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $3,200,000
MLS#7006401
List Date 01/10/2026
Property Type Commercial
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