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$4,200,000
Est. payment /mo
42,688 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 42,688 sqft
Price per Sqft $98
Subdivision Excelsior
MLS Listing ID 6718465
Year Built 1889
Annual Tax Amount $63,531
Lot Size 0.980 Acres
Acres 0.98
Lot Dimensions 28x175x240x178
Property Description
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.
Location
State MN
County Hennepin
Community Excelsior
Direction Water St. S. on 3rd to School Ave.
Interior
Heating Forced Air
Cooling Central
Exterior
Parking Features Paved Lot, Unassigned
Utilities Available Electric Common, Heating Common, Hot Water Common
Accessibility Accessible Elevator Installed, Partially Wheelchair, Wheelchair Ramp
Building
Water City Water/Connected
Others
Senior Community No
Tax ID 3411723140051
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Listed by Coldwell Banker Realty
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