Home zoned commercial in Excelsior great exposure to Highway 7 yet walking distance to trail and Water street. Would make great rental or office. House is newly remodeled. New Kitchen and Bathroom. New Windows. New Hardwood Floors. New Appliances. New Granite Countertops. New Hot Water Heater. New Plumbing and Tile. New Furnace and Air Conditioner. All Freshly Painted.
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.
The median home value in Excelsior, MN is $1,275,000. This is higher than the county median home value of $289,200. The national median home value is $219,700. The average price of homes sold in Excelsior, MN is $1,275,000. Approximately 37.69% of Excelsior homes are owned, compared to 55.23% rented, while 7.08% are vacant. Excelsior real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Excelsior real estate agent to arrange a tour today!
Excelsior, Minnesota has a population of 2,375. Excelsior is less family-centric than the surrounding county with 30.51% of the households containing married families with children. The county average for households married with children is 33.56%.
The median household income in Excelsior, Minnesota is $55,000. The median household income for the surrounding county is $71,154 compared to the national median of $57,652. The median age of people living in Excelsior is 45.7 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 6.5 degrees. The average rainfall is approximately 31.6 inches per year, with 52.7 inches of snow per year.