Excelsior, MN 55331,468 3rd St
Excelsior, MN 55331,468 3rd St
Excelsior, MN 55331,468 3rd St
$615,000
Est. payment /mo
$650,000
5.4%
Est.Price: ?

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3,484 Sqft Lot
SOLD DATE : 08/22/2024

Key Details

Sold Price $615,000

Property Type Commercial

Sub Type Business,Office,Other

Listing Status Sold

Purchase Type For Sale

Subdivision Auditors Sub 120

MLS Listing ID 6582821

Sold Date 08/22/24

Year Built 1900

Annual Tax Amount $8,886

Tax Year 2023

Contingent None

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 68 X 45

Property Description

**SOLD BEFORE PRINT. Rare and special opportunity in the heart of downtown Excelsior.
The sellers reimagined this prior Up-Down Style Duplex into charming open concept work space areas for their growing advertising company. This is a wonderful opportunity for either a traditional buyer to enhance the property further as a single family opportunity with the existing footprint or for a commercial buyer given the rare opportunity to have a parcel that is zoned for "Downtown Commercial" to redevelop it using the city's requirements for set backs and hardcover rules. 1081 sq feet recorded prior - however it truly boasts 800 square feet of usable space that features a kitchenette on the upper floor, wet bar on the main floor, 2 half baths (upper and lower - thus non ADA compliant as is) and a walkout lower level to a lovely backyard patio that overlooks a little greenspace and wooded views. Located just seconds from Excelsior's charming Water Street shops and restaurants with ample free parking next to the brewery. Enjoy your very own path access to the Lake Minnetonka Regional Trail that is located just to the rear of the property. The build year is recorded as 1900, however the historic records suggest that it may be circa 1874 and was the Darnell's Boarding house at one time. *See the list of Seller's improvements attached.

Location

State MN

County Hennepin

Zoning Business/Commercial

Rooms

Basement Daylight/Lookout Windows, Egress Window(s), Full, Partially Finished, Walkout

Interior

Heating Baseboard, Forced Air

Cooling Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator, Stainless Steel Appliances

Exterior

Garage None

Utilities Available Electric Common, Heating Common

Roof Type Age Over 8 Years,Asphalt

Present Use Professional/Office,Storage Facility,Vacant

Building

Lot Description Public Transit (w/in 6 blks), Property Adjoins Public Land, Tree Coverage - Medium

Foundation 468

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Vinyl Siding

Schools

School District Minnetonka

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Listed by Darlene Arndt • Coldwell Banker Realty

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Joseph Andrews

+1(701) 230-8839

Broker | License ID: 10618

Broker License ID: 10618

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