520 2nd Street, Excelsior, Minnesota 55331

MN, Excelsior
$3,200,000
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
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Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Here it is! The Prime Location you’ve been waiting for. Located in the heart of Excelsior—one of Lake Minnetonka’s most coveted destinations and often referred to as the “Malibu of the Midwest”—520 2nd Street presents a truly rare, mixed-use zoned, once-in-a-generation opportunity that combines 8000 sq ft between the well-established commercial building owned by Huber Funeral Homes with a spacious, single-family residence w/rental license, if desired.

**When you arrive in Excelsior, the significance of this location is immediately clear: Maynard’s and Lake Minnetonka are to your right and 520 2nd Street is straight ahead. Few properties can claim this level of visibility, prominence, and daily exposure. This is THE location!

**The commercial space features two expansive, separate and well-defined levels (main and upper), providing outstanding flexibility for a wide range of business models, professional services, boutiques, showrooms or 100’s of other creative uses.

**Positioned in one of Excelsior’s most active and walk-able areas, the property delivers exceptional business brand presence while capturing the prestige and lifestyle appeal of Excelsior Bay and Lake Minnetonka.

**This is a fantastic opportunity for owner-users, investors, developers, and business visionaries who desire a premier presence in a community known for its amazing lake lifestyle, dining experiences like Vagabondo, Mirabelle, Coalition, Maynard’s, 318 plus numerous shops on Water Street and surrounding streets, along with a long-term business value, who are seeking an exceptional, highly-coveted Lake Minnetonka location.

**For developers and investors, the property’s configuration, location, and prominent visibility, un-lock a variety of high-value possibilities—whether as a refined live/work estate, a signature business destination, or a strategic redevelopment.

**The attached 4-story home boasts (4) bedrooms with a master bedroom and en-suite, (4) bathrooms, kitchen, dining room and a great room with vaulted ceilings designed for everyday living, as well as, entertaining. **More home highlights include a large private backyard and a three-car attached garage, creating an exceptional live-work lifestyle in an unbeatable Excelsior location. **Don’t wait on this one!

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7006401
  • Price: $3,200,000
  • View: Bay,Lake
  • Year Built: 1900
  • Listing Status: Active
  • Office Name: Up Front Homes
Features
  • Heating System Baseboard,Boiler,Radiator
  • Cooling System Central Air
  • Fence Chain Link
  • Parking Attached Garage,Garage Door Opener,Parking Lot,Underground,Heated Garage,Storage,On-Street Parking Only,Electric,Paved Lot
  • Utilities Electric Common
  • Flooring Carpet,Tile
  • Sewer City Sewer/Connected
Appliances
  • Cooktop
  • Dishwasher
  • Dryer
  • Refrigerator
  • Washer
  • Range
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City Excelsior
  • Zipcode 55331
  • Street: 2nd
  • Street Number: 520
  • Street Suffix: Street
  • Directions: Coming from the East (Minnetonka) on Hwy 7, take the Excelsior exit. Take left to building
Neighborhood
  • High School District: Minnetonka
MLS Addon
  • Office Name: Up Front Homes
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 8000
  • Current Use: Professional/Office
  • Garage: 3
  • Levels: Three Or More
  • Lot Size Dimensions: 245 x 88
  • Number Of Units Total: 4
  • Possible Use: Office,Other,Professional Service,Restaurant,Retail,Diversified,Income,Industrial,Lounge/Bar,Medical/Dental,Motel/Hotel
Financial
  • Tax Annual Amount: 26320
Listing Information
  • List Agent Mls Id: 502026650
  • List Office Mls Id: 40073
  • Modification Timestamp: 2026-01-16T18:48:06Z
  • Originating System Name: NorthStar
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