Home › 261 School Avenue, Excelsior, MN 55331 (MLS# 6718465)

261 School Avenue, Excelsior, MN 55331 (MLS# 6718465)

$4,200,000
261 School Avenue
Excelsior, MN 55331
MLS# 6718465
Status: Closed

261 School Avenue, Excelsior, MN 55331
  1 / 19  
261 School Avenue, Excelsior, MN 55331 261 School Ave, Excelsior_aerials_002.jpg 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331 261 School Avenue, Excelsior, MN 55331

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.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-02-26
Current Price: 3650000
Closed Date: 2026-02-25
Sales Close Price: 3650000
Contingency: None
ListPrice: 4200000
List Date: 2025-05-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1889
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5857
For Sale or Lease: For Sale
Acres: 0.98
Lot Dimensions: 28x175x240x178
Location Tax and Other Information
House Number: 261
Street Name: School
Street Suffix: Avenue
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Excelsior
Assessments
Tax With Assessments: 63531.34
Building Information
Building Finished SqFt: 23429
Building SqFt: 23429
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 117
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 1
Property Features
Accessible: Accessible Elevator Installed; Partially Wheelchair; Wheelchair Ramp
Air Conditioning: Central Air
CMU Style: Office
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Brick/Stone
Financing Terms: Other
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot; Unassigned
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: Coldwell Banker Realty

Last Updated: February - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 24th of May 2026 11:34 PM

218-998-4400

Search For Your New Home!
Residential
MultiFamily
Farm
Land
Commercial
Rental
to
to
to
to
More Search Options