$3,200,000
520 2nd Street Excelsior, MN 55331
For Sale MLS# 7006401
Other
Details for 520 2nd Street
MLS# 7006401
Description for 520 2nd Street, Excelsior, MN, 55331
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!
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.68 Acres
Square Feet: 8,000 sq ft
Year Built: 1900
Foundation: 7,043 sq ft
Garage: Yes
Stories: Three Or More
Subdivision: Galpins Add
Number Of Units Total: 4
Current Use: Business Service
County: Hennepin
Days On Market: 140
Construction Status: Previously Owned
School Information
District: 276 - Minnetonka
Interior Features
Appliances: Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Flooring: Carpet,Tile
Accessibility: Fully Wheelchair, Doors 36+, Grab Bars In Bathroom
Additional Interior Features: Kitchen Window, Cable
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common
Cooling: Central
Heating: Baseboard, Boiler, Natural Gas, Radiator
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 3
Open Parking: 25
Parking Description: Parking Lot, Underground Garage, Storage, Paved Lot, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Attached Garage, Garage Dimensions - 168, Garage Door Height - 7, Garage Door Width - 9
Exterior: Brick/Stone, Brick Veneer, Vinyl
Lot View: Bay,Lake
Lot Dimensions: 392 x 143
Zoning: Business/Commercial,Residential-Single Family
Fencing: Chain Link
Additional Exterior/Lot Features: City View, Land Inclusions - Building,Business,Business Assets,Fixture/Equipment,Inventory,Land,Other
Driving Directions
Coming from the East (Minnetonka) on Hwy 7, take the Excelsior exit. Take left to building
Financial Considerations
Other Annual Tax: $747
Tax/Property ID: 3411723110020
Tax Amount: 26320
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Up Front Homes
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 520 2nd Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 520 2nd Street
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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