336 Water Street, Excelsior, MN 55331 (MLS# 6337095)

Overview

Description

The Historic Mill Building is located on Water Street in the heart of downtown Excelsior. This is a rare opportunity for Owner/User or Investors to acquire this well known multi-tenant retail property. The 9600 SF building sits on .43 acres with rare off street parking for 22 cars. Located in the heart of Excelsior's bustling business district, along the shores of Lake Minnetonka. This lake community has a lot to offer including the Lake Minnetonka LRT Regional Trail. restaurants, breweries, shops, business services & recreation on Lake Minnetonka. Excelsior is a summer and winter destination for many looking for a unique & charming experience. See Listing Agent regarding financials and scheduling tours.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 18730.8
Foundation Size: 9600
For Sale or Lease: For Sale
Acres: 0.43
Lot Dimensions: Irregular
Assessment Pending: Unknown
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Retail/Shopping Center Construction Status: Previously Owned Current Use: Retail Exterior: Wood Fuel: Electric Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Parking Characteristics: Uncovered/Open Potential Use: Retail Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Allow Auto Valuation: No
Allow Consumer Comment: No
Off Market Date: 2023-05-02
Closed Date: 2023-04-28
Sales Close Price: 2250000
Original List Price: 2300000
Contingency: None
ListPrice: 2300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 336
Street Name: Water
Street Suffix: Street
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: The Villas At Excelsior Village

Basement

Foundation Dimensions: 9600

Building Information

Building Finished SqFt: 9600
Building SqFt: 9600

More Information

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: Yes

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

Map Page: 117
Municipality: Excelsior
Rental License?: No
School District: Minnetonka
School District Phone: 952-401-5000
Map Coordinate Source: King's Street Atlas
Zip Plus 4: 4440
Property ID Number: 3411723140074
Tax Year: 2023
Tax Amount: 0
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: The Historic Mill Building is located on Water Street in the heart of downtown Excelsior. This is a rare opportunity for Owner/User or Investors to acquire this well known multi-tenant retail property. The 9600 SF building sits on .43 acres with rare off street parking for 22 cars. Located in the heart of Excelsior's bustling business district, along the shores of Lake Minnetonka. This lake community has a lot to offer including the Lake Minnetonka LRT Regional Trail. restaurants, breweries, shops, business services & recreation on Lake Minnetonka. Excelsior is a summer and winter destination for many looking for a unique & charming experience. See Listing Agent regarding financials and scheduling tours.
Directions: Hwy 7 to Oak Street North to Water, then right to The Excelsior Mill.

Accessible

None: Yes

Assessments

Assessment Balance: 0
Tax With Assessments: 0

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Parking Characteristics

Uncovered/Open: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Common: Yes

CMU Style

Retail/Shopping Center: Yes

Current Use

Retail: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Retail: Yes