520 2nd Street
Excelsior, MN, 55331 $ 3,200,000
Bedrooms-- Baths-- Sq 8,000 Monthly Estimate*
$ 22,102
for $3,200,000. This 8,000 square foot building was built in 1900 on a lot size of 0.68.
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. Nearly 3/4 acre. **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!
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FeaturesGeneralSewer City Sewer/Connected
Heating Baseboard Boiler Radiator
Cooling Central Air
Utilities Electric Common
Appliances Cooktop Dishwasher Dryer Range Refrigerator Washer
Garage Spaces 3
Year Built 1900
View Bay Lake
Levels Three Or More
Tax Year 2025
Current Use Professional/Office
Accessibility Doors 36 + Fully Wheelchair Grab Bars In Bathroom
Additional Parcels Description 3511723230040
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Galpins Add
Possible Use Office Other Professional Service Restaurant Retail Diversified Income Industrial Lounge/Bar Medical/Dental Motel/Hotel
Directions Coming from the East (Minnetonka) on Hwy 7 take the Excelsior exit. Take left to building
City Excelsior
High School District Minnetonka
Zoning Description Business/Commercial Residential-Single Family
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 26320
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
Amenities Unit Cable City View Kitchen Window
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ExteriorFencing Chain Link
Parking Features Attached Garage Electric Garage Door Opener Heated Garage On-Street Parking Only Parking Lot Paved Lot Storage Underground
Water Source City Water/Connected
Inclusions Building Business Assets Business Fixture/Equipment Inventory Land Other
Lot Size Area 0.68
Building Area Total 8000
Lot Dimensions 392 x 143
Waterfront Y/N N
Foundation Area 7043
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InteriorBasement (Y/N) N
Foundation Dimensions 110 x 64
Fuel Natural Gas
Garage Dimensions 168
Garage Door Width 7
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* Excluded FeaturesList Bygreg@upfronthomes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $22,102
- Monthly Property Taxes
- $2,193
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Excelsior, MN
Average List Price $3,200,000
Percent of Sale Price 0%
About Excelsior, MN 2,273 Population
-5% Since 2002
$ 63,595 Median Income
46.37 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
708531 Elementary School
708355 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/10/2026 | $3,200,000 | | Listed Price |