261 School Avenue, Excelsior, MN

$4,200,000

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0.98

Acres

About 261 School Avenue

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.

Features of 261 School Avenue

MLS® # 6397536
Price $4,200,000
Bathrooms 0.00
Acres 0.98
Year Built 1889
Type Commercial Sale
Sub-Type Office
Style Office
Status Active

Community Information

Address 261 School Avenue
Subdivision Excelsior
City Excelsior
County Hennepin
State MN
Zip Code 55331

Amenities

Garages Paved, Unassigned
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No

Exterior

Construction Brick/Stone

School Information

District Minnetonka

Additional Information

Days on Market 277
Zoning Business/Commercial
Foreclosure No
Short Sale No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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