720 Galpin Lake Road, Excelsior, MN 55331

$2,650,000
Property Type: Commercial Lot Size (sq. ft.): 21,780 Status: Closed
Current Price: $2,650,000 List Date: 2/04/2026 Last Modified: 2/04/2026

Overview

Description

Current business to remain as a tenant through end of 2026 until they relocate to new building.

Listing Details MLS# 7016718

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
30
Owner Occupied
Yes
Waterfront Present
No
Year Built
2012
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
8316
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.5
Lot Dimensions
140x186x153x106
Assessment Pending
Unknown

Property Features

Accessible: Doors 36"+; Fully Wheelchair; No Stairs External Air Conditioning: Central Air Basement: None CMU Style: Freestanding Construction Materials: Brick; Concrete Construction Status: Previously Owned Current Use: Retail Exterior: Brick/Stone Financing Terms: Cash Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Heated Garage; Paved Lot Potential Use: Professional; Retail Road Frontage: Paved Streets; Sidewalks; Storm Sewer Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Off Market Date
2026-02-04
Closed Date
2026-02-04
Sales Close Price
2650000
Contingency
None
ListPrice
2300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
720
Street Name
Galpin Lake
Street Suffix
Road
Postal City
Excelsior
County
Hennepin
State
MN
Zip Code
55331
Complex/Dev/Subdivision
Galpin Hill Add

Assessments

Tax With Assessments
43606
Assessment Balance
0

Building Information

Building Finished SqFt
8316
Building SqFt
8316
Ceiling Height
16-20

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
Building, Land

Unit Details

Total Units
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
GALPIN HILL ADDN LOTS 1 TO 3 INCL EX HWY
Listing City
Excelsior
Map Page
117
Municipality
Excelsior
School District
Minnetonka
School District Phone
952-401-5000
Zip Plus 4
3059
Property ID Number
3411723420044
Tax Year
2025
Tax Amount
43606
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Current business to remain as a tenant through end of 2026 until they relocate to new building.
Directions
Highway 7 to County Road 19 north. Left on Galpin Lake Road along frontage road to building.

Accessible

Doors 36"+
Yes
Fully Wheelchair
Yes
No Stairs External
Yes

Air Conditioning

Central Air
Yes

Basement

None
Yes

Construction Materials

Brick
Yes
Concrete
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes
Heated Garage
Yes
Paved Lot
Yes

Road Frontage

Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Flat
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Freestanding
Yes

Current Use

Retail
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Potential Use

Professional
Yes
Retail
Yes
Listing Office: Compass
IDX
Last Updated: February - 04 - 2026
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