Excelsior MN Commercial for Sale

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Type:
Office
Sq.Ft.:
23,429
Status:
Active
Beds:
n/a
Lot size:
0.98 Acres
Year built:
1889
Baths:
MLS#:
6397536

ADDITIONAL INFORMATION

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.

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Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.




Excelsior Real Estate

The median home value in Excelsior, MN is $1,275,000. This is higher than the county median home value of $342,800. The national median home value is $338,100. The average price of homes sold in Excelsior, MN is $1,275,000. Approximately 37.33% of Excelsior homes are owned, compared to 51.32% rented, while 11.35% 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 2,389. Excelsior is less family-centric than the surrounding county with 28.17% of the households containing married families with children. The county average for households married with children is 33.3%.

The median household income in Excelsior, Minnesota is $88,000. The median household income for the surrounding county is $85,438 compared to the national median of $69,021. The median age of people living in Excelsior is 43.9 years.

Excelsior Weather

The average high temperature in July is 82.6 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 31.6 inches per year, with 51 inches of snow per year.

Excelsior Real Estate Market Conditions

  • Median sales price

    $1,275,000
    11% change since last quarter
  • # Active listings

    24
    30-day change

Excelsior Schools and Demographics

Education near Excelsior, MN

Metric City County
High School Graduates 99.46 93.87
College Degree - 2 year 6.8 8.7
College Degree - 4 year 52.42 51.85
Graduate Degree 13.16 13.68
Expenditures per Student 19,300 19,300
Students per Teacher 16.1 16.1

Elementary Schools near Excelsior, MN

School Grades Students P/T Ratio ZIP
Bluff Creek Elementary School KG - 05 570 15 55317
Chanhassen Elementary School KG - 05 527 14.8 55317
Deephaven Elementary School KG - 05 665 15.6 55391
Excelsior Elementary School KG - 05 746 13.6 55331
Hilltop Primary School PK - 04 403 16.2 55364
Minnewashta Elementary School KG - 05 839 14.9 55331
Shirley Hills Primary School PK - 04 419 14.8 55364
Victoria Elementary School KG - 05 662 16.4 55386

Middle Schools near Excelsior, MN

School Grades Students P/T Ratio ZIP
Grandview Middle School 05 - 07 558 18.8 55364
Minnetonka West Middle School 06 - 08 1,040 18.6 55331
Wayzata West Middle School 06 - 08 746 15 55391

High Schools near Excelsior, MN

School Grades Students P/T Ratio ZIP
Chanhassen High School 09 - 12 1,662 20 55317
Mound-Westonka High School 08 - 12 797 19.9 55364

Ungraded Schools near Excelsior, MN

School Grades Students P/T Ratio ZIP
* 112 ALC After School & Summer School 09 - 12 12 55317
* 277 Westonka Area Learning Academy 09 - 12 27 16.9 55364
* ALC Westonka - Is 08 - 12 0 55364
* Steps Toward Adult Responsibility 12 - 12 22 3.7 55317
TBD - New Elementary School UG - UG 0 55391
The Anicca Program KG - 12 8 8 55317

Demographics near Excelsior, MN

Metric City County
Neighborhood Type
Population 2,389 1,270,283
Population Density 3,853 2,294
Median Age 43.9 36.9
People per Household 2.1 2.4
Median Household Income 88,000 85,438
Average Income per Capita 71,026 50,478