470 Lake Street, Excelsior, MN 55331

$2,100,000
Property Type: Commercial Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $2,100,000 List Date: 2/23/2023 Last Modified: 6/08/2025

Overview

Description

SOLD Pre-MLS. This 3,600 square foot brick two story office building is located across from Excelsior Bay with lake views. Just one block to Excelsior’s Water Street which is an energetic business district with shops, restaurants, and professional services. 12 parking spaces plus on street parking!

Listing Details MLS# 6380176

General Property Information

Comp Sale YN
Yes
Lot Measurement
Acres
Multiple PIDs?
No
Year Built
1992
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
1800
For Sale or Lease
For Sale
Acres
0.25
Lot Dimensions
NE95x105x95x120
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Basement: Drain Tiled; Partial; Sump Pump CMU Style: Office Construction Status: Previously Owned Current Use: Office Exterior: Brick/Stone Financing Terms: Cash Fuel: Electric Heating: Forced Air Loan Terms: Cash On Site Utilities: Heating Common Parking Characteristics: Uncovered/Open Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-06-01
Closed Date
2023-04-28
Sales Close Price
2100000
Contingency
None
ListPrice
2100000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
470
Street Name
Lake
Street Suffix
Street
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Auditors Sub 120

Assessments

Tax With Assessments
35553
Assessment Balance
0

Building Information

Building Finished SqFt
3600
Building SqFt
3600

More Information

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
Leases

Unit Details

Total Units
Yes

Office/Member Info

MLSID
RMLS

Location, Tax and Other Information

Listing City
Excelsior
Map Page
117
Municipality
Excelsior
Rental License?
No
School District
Minnetonka
School District Phone
952-401-5000
Zip Plus 4
8641
Property ID Number
3411723110142
Tax Year
2023
Tax Amount
35553
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
SOLD Pre-MLS. This 3,600 square foot brick two story office building is located across from Excelsior Bay with lake views. Just one block to Excelsior’s Water Street which is an energetic business district with shops, restaurants, and professional services. 12 parking spaces plus on street parking!
Directions
Hwy 7 West of 494 to Oak St. North to Water Street, right to Lake St. and a right to 470 Lake.

Accessible

None
Yes

Basement

Drain Tiled
Yes
Partial
Yes
Sump Pump
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
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

Heating Common
Yes

CMU Style

Office
Yes

Current Use

Office
Yes

Loan Terms

Cash
Yes
Listing Office: Unknown Office
IDX
Last Updated: June - 08 - 2025
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.