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Presented By: Coldwell Banker Realty
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.
Presented By: Coldwell Banker Realty
Basement (Y/N)No
FuelNatural Gas
AccessibilityAccessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp(s)
Additional Parcels Y/NNo
CityExcelsior
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseCommercial
DirectionsHwy 7 to Oak St N to Water St, East to 3rd S. to the corner of School Ave & 3rd
Garage Spaces
HeatingForced Air
High School DistrictMinnetonka
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
NumberOfUnitsTotal1
PostalCityExcelsior
Property SubtypeOffice
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameExcelsior
Tax Annual Amount63466
Tax Year2023
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1889
Zoning DescriptionBusiness/Commercial
Building Area Total23429
Foundation Area5857
InclusionsBuilding, Land
Lot Dimensions28x175x240x178
Lot Size Area0.98
Parking FeaturesPaved, Unassigned
Water SourceCity Water/Connected
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