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$ 4,200,000
Est. payment | /mo
0.98 Acres Lot
$ 4,200,000
Est. payment | /mo
0.98 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Excelsior
MLS Listing ID 6397536
Year Built 1889
Annual Tax Amount $63,466
Tax Year 2023
Contingent None
Lot Size 0.980 Acres
Acres 0.98
Lot Dimensions 28x175x240x178
Property Description
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.
Location
State MN
County Hennepin
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Paved, Unassigned
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Commercial
Building
Foundation 5857
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minnetonka
Listed by William Wolfson • Coldwell Banker Realty
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Bob Kessler & José Kosar
REALTOR® | Lic# 40281123