, Excelsior, MN 55331 (MLS# 6337173)

Excelsior, MN 55331

$1,890,000
Property Type: Commercial Square Footage: 4,116 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $1,890,000 List Date: 4/03/2023 Last Modified: 6/08/2025

Overview

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.

Listing Details MLS# 6337173

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

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 Parking Characteristics: Assigned Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Allow Auto Valuation
No
Allow Consumer Comment
No
Off Market Date
2023-09-21
Closed Date
2023-09-20
Sales Close Price
1890000
Original List Price
2300000
Contingency
None
ListPrice
1995000
Owner is an Agent?
No
Auction?
No

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

More Information

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
Yes
IDX
Listing Office: Coldwell Banker Realty
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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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