520 2nd Street Excelsior, MN 55331

$3,200,000
Active
 |  MLS # 7006401
Active
  • Street view #1
    Street view #1
  • Street view #2
    Street view #2
  • Parking lot to house
    Parking lot to house
  • House & Commercial
    House & Commercial
  • Aerial #1
    Aerial #1
  • Aerial #2
    Aerial #2
  • Lake view to 520 2nd Street
    Lake view to 520 2nd Street
  • W to E, View to Lake Mtka
    W to E, View to Lake Mtka
  • Side view house to street
    Side view house to street
  • Large back yard
    Large back yard
  • Main level meeting room #1
    Main level meeting room #1
  • Main level meeting room #2
    Main level meeting room #2
  • Main level meeting room #3
    Main level meeting room #3
  • Main level meeting room #4
    Main level meeting room #4
  • Front entry and Fresco #1
    Front entry and Fresco #1
  • Front entry and Fresco #2
    Front entry and Fresco #2
  • Front entry and Fresco #3
    Front entry and Fresco #3
  • Front office #1
    Front office #1
  • Front office #2
    Front office #2
  • Coffee lounge #1
    Coffee lounge #1
  • Coffee lounge #2
    Coffee lounge #2
  • Upper level meeting area #1
    Upper level meeting area #1
  • Upper level meeting area #2
    Upper level meeting area #2
  • Upper level showroom #1
    Upper level showroom #1
  • Upper level showroom #2
    Upper level showroom #2
  • Upper level showroom #3
    Upper level showroom #3
  • Upper level showroom #4
    Upper level showroom #4
  • Upper level showroom #5
    Upper level showroom #5
  • Upper level showroom #7
    Upper level showroom #7
  • House Great room #1
    House Great room #1
  • House Great room #2
    House Great room #2
  • House kitchen #1
    House kitchen #1
  • House kitchen #2
    House kitchen #2
  • House kitchen #3
    House kitchen #3
  • Dining room #1
    Dining room #1
  • Dining room #2
    Dining room #2
  • Main floor 1/2 bath
    Main floor 1/2 bath
  • 2nd floor master bedroom
    2nd floor master bedroom
  • 2nd floor master kitchentte
    2nd floor master kitchentte
  • 2nd floor master hallway
    2nd floor master hallway
  • 2nd floor master private bath
    2nd floor master private bath
  • 2nd floor bedroom #2
    2nd floor bedroom #2
  • 2nd floor bedroom #3
    2nd floor bedroom #3

About The Listing

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. Nearly 3/4 acre. **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 courtesy of Gregory A Haage, Up Front Homes
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1900
MLS #: 7006401
Garage Spaces: 3
Parking Description: Attached Garage, Electric, Garage Door Opener, Heated Garage, On-Street Parking Only, Parking Lot, Paved Lot, Storage, Underground
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Baseboard, Boiler, Radiator
Foundation Type: Block
Days On Market (Continuous): 0
Disability Features: Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom
Latest Update: 05/27/2026
List Date: 01/10/2026
Listing Agent ID: 502026650
Listing Office: Up Front Homes
Listing Office ID: 40073
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Flooring: Carpet, Tile
Exterior Features: Stone, Brick Veneer, Vinyl
Fence: Chain Link
Lot Dimensions: 392 x 143
Lot Size: 0.68 Acres
View Description: Bay, Lake
School District: Minnetonka
Tax Year: 2025
Estimated Taxes: $26,320
Contingency Type: None
City: Excelsior
Zip: 55331
County: Hennepin
Subdivision: Galpins Add
State: MN
Listing last updated: 05/27/26

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