For Sale Commercial MLS# 7006401

520 2nd Street

Excelsior, MN 55331

$3,200,000

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About 520 2nd Street

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. Nearly 3/4 acre. **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!

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1900
Stories
Three Or More
Living area
8,000 sqft
Price / sqft
$400
Lot
0.68
Original price
$3,200,000
MLS #
7006401

Interior

Features
Central Air, Baseboard, Boiler, Radiator, Carpet, Tile, Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Appliances
Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Flooring
Carpet, Tile
Heating
Baseboard, Boiler, Radiator
Cooling
Central Air

Exterior & lot

Features
Stone, Brick Veneer, Vinyl, Attached Garage, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Parking Lot, Paved Lot, Storage, Underground
Construction
Three Or More, Block
Foundation
Block
Lot
Bay, Lake, 3411723110020, Chain Link, Professional/Office
Fence
Chain Link
View
Bay, Lake
Parking
Attached Garage, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Parking Lot, Paved Lot, Storage, Underground
Garage spaces
3

Schools

District
Minnetonka Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$26,320
Tax year
2025
Parcel
3411723110020

Location

Subdivision
Galpins Add
County
Hennepin
Community
Hennepin, northstar, Minnetonka
Directions
Coming from the East (Minnetonka) on Hwy 7, take the Excelsior exit. Take left to building

Location

Neighborhood
Galpins Add
School district
Minnetonka Public School District

Ask about this property

Questions on 520 2nd Street, Excelsior, MN 55331, or want to see it in person?

Listed by Gregory A Haage, Up Front Homes

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.