520 2nd Street Excelsior, MN $ 3,200,000
520 2nd Street
$ 3,200,000
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520 2nd Street

Excelsior, MN, 55331
$ 3,200,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 22,102

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Commercial Property for sale in Excelsior, MN

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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Commercial Active

Price

$ 3,200,000

Property Type

Commercial

Taxes

$ 26,320

Style

Lot Size

0.68

Year Built

1900

Town/City

Excelsior

County/Region

Hennepin

MLS | Web ID

7006401

Features
General
Sewer 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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Exterior
Fencing 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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Interior
Basement (Y/N) N
Foundation Dimensions 110 x 64
Fuel Natural Gas
Garage Dimensions 168
Garage Door Width 7
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Internal Only
Street Number 1 520
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* Excluded Features
List By
Up Front Homes

Broker

greg@upfronthomes.com

Email

Affordability Calculator

$24,295
Per Month
91%
9%
0%
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.
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Nearby
708531 Elementary School
708355 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/10/2026$3,200,000 Listed Price

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520 2nd Street, Excelsior, MN, 55331 is a Commercial Property for sale at $3,200,000 with 8,000 sqft and a lot size of 0.68. 520 2nd Street was built in 1900. The property's zip code is 55331 which is in Excelsior, MN