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29242484
29242503

520 2nd St, Excelsior, MN 55331

GH
MN 40112115
$3,200,000
159 days on market
Updated 133 days ago

Huber, Excelsior List #: 7006401

Details
Property Type Business for Sale, Mixed Use (+3)
Sub Type Business and Building, Garage/Parking (+1)
Square Footage 8,000
Units 5
Cap Rate 7.00%
Price per SqFt $400
Broker Co-Op Yes
Class A
Year Built 1900 and 1950
Buildings 2
Stories 3
Acreage 0.490
Zoning Mixed use
Sale Condition For sale by owner

Business for Sale | 7.00% CAP | 8,000 SqFt

Marketing description


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!

Listing Contacts

GH
MN 40112115

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Zoning

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CC CommercialSpecial CommercialCottage Commercial
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View all 55 uses
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Gregory Haage
License
40112115
Brokerage
Up Front Development
Brokerage Phone
6128043267
Title
Broker-Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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