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371 Water St
Excelsior, MN 55331 Outlying Hennepin Far Western Suburbs

$1,950,000 USD

Hospitality For Sale  •  4,307 SF

Property Details

  • Property Type Hospitality
  • Total Building Size 6,323 SF
  • Lot Size 0.44 AC
  • Building Class B
  • Year Built 1950
  • Zoning CC
0 Transit Score
50 Walk Score

Description

Excelsior, Minnesota, is a historic lakeside community situated on the southern shores of Lake Minnetonka, one of the Twin Cities’ premier recreational destinations. Just 20 minutes west of downtown Minneapolis, Excelsior combines small-town charm with upscale amenities, offering visitors easy access to boating, beaches, scenic trails, shopping, dining, and year-round events. Founded in 1853 as a resort destination, the city has maintained its rich history while evolving into one of the most desirable communities in the Minneapolis metropolitan area.

The walkable downtown district features boutique shops, award-winning restaurants, breweries, coffee shops, art galleries, and waterfront parks, making it a favorite destination for both locals and tourists. Visitors can enjoy Lake Minnetonka through boating, paddleboarding, fishing, and cruises aboard the historic Steamboat Minnehaha, while nearby trails and public spaces provide abundant opportunities for outdoor recreation and community events throughout the year.

Excelsior’s prime location on Lake Minnetonka and its proximity to the Twin Cities make it an ideal destination for weekend getaways, weddings, family gatherings, and corporate retreats. The community is approximately 20 miles from downtown Minneapolis, 30 miles from downtown Saint Paul, 25 miles from Minneapolis–Saint Paul International Airport, and within a day’s drive of major Midwest markets including Rochester, Duluth, Des Moines, and Madison.

Highlights

Boutique owner-user / hospitality property located in the heart of Excelsior, Minnesota, just steps from Lake Minnetonka
Potential for a combination of retail/commercial and hospitality uses, including operating a destination retail concept, showroom, studio, etc.
Since acquiring the property in 2021, ownership has invested approximately $342,000 into capital improvements.
The Property benefits from updated electrical and plumbing systems, updated roofing and boiler components, updated bathrooms, updated windows, etc.
Historic Victorian Italianate home originally built in 1858 and thoughtfully restored to blend timeless charm with modern amenities
Prime location near Lake Minnetonka marinas, beaches, parks, trails, and yearround community events

Property Flyers

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Public Transportation

AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 32 min - 21.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Frank Jermusek 612-385-5546 SVN | Northco Real Estate
Frank Jermusek 612-385-5546 SVN | Northco Real Estate