Excelsior, MN 55331
Price: $3,200,000
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!
Basic Features:
| Type | Commercial Sale |
|---|---|
| Zoning | Business/Commercial,Residential-Single Family |
| Year Built | 1900 |
| School District | Minnetonka |
| County | Hennepin |
| Lot Size | 245 x 88 |
| Acreage | 0.49 acres |
| Garage | 3 Car 168 |
| Number of Units | 4 |
| Tax $ / Year | $26,320 / 2025 |
| Tax ID | |
| Legal Description |
Includes:
Cooktop,Dishwasher,Dryer,Range,Refrigerator,Washer,Building,Business Assets,Business,Fixture/Equipment,Inventory,Land,Other
| Government Programs | |
|---|---|
| Section | 35 |
| Terrain Type | |
| Cooling | Central Air |
| Driveway | |
| Foundation | 7043.00 |
| Fuel Source | Natural Gas |
| Handicap Access | Doors 36"+,Fully Wheelchair,Grab Bars In Bathroom |
| Heating | Baseboard,Boiler,Radiator |
| Sewer Service | City Sewer/Connected |
| Water Service | City Water/Connected |
| Water Heater | |
| Parking Lot | Attached Garage,Electric,Garage Door Opener,Heated Garage,On-Street Parking Only,Parking Lot,Paved Lot,Storage,Underground |
| Exterior Construction | |
| Fencing | Chain Link |
| Utilities | Electric Common |
| Laundry | N |