Property Description 434 Lake Street is a distinctive all brick 4,116 SF three story building with retail on the main level and offices above creating a prime opportunity for Owner/Users or Investors. With 8 coveted off street parking spaces. This property is across the street from Lake Minnetonka with water views and half a block to Water Streets shops and restaurants, make this a prime location. The Excelsior community is very supportive of local businesses and offer great networking opportunities. Financials are
available upon request. Appts thru lister.
Details
Contract Information
Allow Auto Valuation: No
Allow Consumer Comment: No
Status: Closed
Off Market Date: 2023-09-21
Current Price: 1890000
Closed Date: 2023-09-20
Sales Close Price: 1890000
Original List Price: 2300000
Contingency: None
ListPrice: 1995000
List Date: 2023-04-03
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 2000
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 5662.8
Foundation Size: 1372
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 94x60
Assessment Pending: Unknown
Location Tax and Other Information
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 120
Basement
Foundation Dimensions: 49x28
Building Information
Building Finished SqFt: 4116
Building SqFt: 4116
Income and Expenses
Annual Gross Expenses: 90646
Annual Gross Income: 124390
Annual Net Income: 33734
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27053
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 117
Sale Options
Sale Includes: Building,Leases
Unit Details
Total Units: 1
Property Features
Accessible: Accessible Elevator Installed
CMU Style: Office; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Commercial; Office; Retail
Exterior: Brick/Stone
Fuel: Electric
Heating: Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common