261 School Ave - Office FOR SALE


Excelsior, MN 55331
$4,200,000 USD
952-334-4554
261 School Ave, Excelsior, MN for Sale
$4,200,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

261 School Ave
Excelsior, MN 55331


HIGHLIGHTS

  • Well located in downtown Excelsior
  • Great opportunity for Investors of Owner Users
  • Own a piece of History with this 1889 former school building, now offices

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

C-C

APN/PARCEL ID

34-117-23-14-0051

ASK ABOUT THIS PROPERTY

Bill WolfsonBill Wolfson Commercial Real EstateMore Info
952-334-4554

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Bill WolfsonBill Wolfson Commercial Real EstateMore Info
952-334-4554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.