520 2nd St - Funeral Home FOR SALE


$3,200,000 USD
612-804-3267
520 2nd St, Excelsior, MN for Sale
$3,200,000 USD
Funeral Home - FOR SALE
1/44
null | Request Cap Rate


HIGHLIGHTS

  • Premier corner-positioned mixed-use offering in the heart of Excelsior, one of Lake Minnetonka’s most sought-after destinations
  • Unmatched visibility at a gateway location where visitors arrive to Maynard’s, Excelsior Bay, and the waterfront
  • Dual-level commercial building offering flexible layouts suited for professional services, boutique retail, creative offices, wellness concepts
  • Walkable to Excelsior’s celebrated dining scene including Mirabelle, Coalition, Vagabondo, Maynard’s, 318 Café, and the full Water Street retail
  • Attached four-story residence with rental license option featuring multiple bedrooms, spacious living areas, private backyard, and oversized garage

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Funeral Home

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

Commercial, mixed use.

APN/PARCEL ID

34-117-23-11-0020

ASK ABOUT THIS PROPERTY

Gregory HaageUp Front Development LLCMore Info
612-804-3267

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Gregory HaageUp Front Development LLCMore Info
612-804-3267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.