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Excelsior, MN

Excelsior, MN Commercial Real Estate for Sale

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Chanhassen, MN Minnetrista, MN Shorewood, MN Minnetonka, MN Orono, MN Spring Park, MN Chaska, MN Eden Prairie, MN

Restored Mixed-Use Hospitality Property

Updated: Aug 22

Restored Mixed-Use Hospitality Property

371 Water St, Excelsior, MN 55331

$1,950,000

Historic Victorian Italianate home originally built in 1858
Updated electrical and plumbing systems, roofing, boiler components, bathrooms, and select windows
Extensively renovated and refurnished interiors with refreshed exterior finishes
Potential for retail, showroom, studio, wellness, or professional office use
Includes land, improvements, FF&E, and substantially all existing hospitality business assets

Warehouse with Five Buildings

Updated: Sep 2, 2025

Warehouse with Five Buildings

5505 Manitou Rd, Excelsior, MN 55331

Contact for pricing

42,096 sqft

Five buildings on the property for flexible redevelopment
42,096 SF total warehouse space
5505 Manitou Rd, Excelsior, MN 55331
Within two minutes of downtown Excelsior
Close proximity to Hwy 7

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Excelsior, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Unit Office Property with Lake Views

Three-Unit Office Property with Lake Views

4100 Shoreline Dr, Spring Park, MN 55384

$1,000,000

5,398 sqft

Flexible office configuration supports owner occupancy, leasing, or a combined professional headquarters with on-site parking.

Office Condo Unit

Office Condo Unit

7965 Stone Creek Dr Unit 10, Chanhassen, MN 55317

$250,000

1,536 sqft

Office condominium unit offering 1,536 square feet of workspace in a 2005-built property.

Furnished Office Suite

Furnished Office Suite

4032 Shoreline Dr, Spring Park, MN 55384

Contact for pricing

7,500 sqft

Flexible commercial suite with lake views, large windows, kitchen, private restrooms, and Business & Commercial zoning.

Corner Office Condo Unit

Corner Office Condo Unit

7965 Stone Creek Dr Unit 110, Chanhassen, MN 55317

$335,000

Office condominium with a corner-unit configuration in a 2005-built property.

Off-Market Properties in Excelsior, MN

Consider similar Off-Market properties in Excelsior, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

720 Galpin Lk Rd

COMMERCIAL (GENERAL)

720 Galpin Lk Rd, Excelsior, MN 55331-3059

Estimated value: by Request

1,448 sqft 0.50 AC lot

5609 Manitou Rd

COMMERCIAL (GENERAL)

5609 Manitou Rd, Excelsior, MN 55331

Estimated value:

$4,585,000

2.03 AC lot

34 Water St

COMMERCIAL (GENERAL)

34 Water St, Excelsior, MN 55331-1846

Estimated value:

$4,800,000

0.03 AC lot

420 2nd St

COMMERCIAL (GENERAL)

420 2nd St, Excelsior, MN 55331-1906

Estimated value:

$340,000

0.14 AC lot

229 Water St

COMMERCIAL (GENERAL)

229 Water St, Excelsior, MN 55331-1824

Estimated value:

$1,700,000

0.11 AC lot

4801 Kings Pt Rd

VACANT COMMERCIAL LAND

4801 Kings Pt Rd, Excelsior, MN 55331

Estimated value:

$280,000

5.49 AC lot

361 George St

COMMERCIAL (GENERAL)

361 George St, Excelsior, MN 55331-3061

Estimated value:

$645,000

11,193 sqft 0.14 AC lot

750 Excelsior Blvd

COMMERCIAL (GENERAL)

750 Excelsior Blvd, Excelsior, MN 55331

Estimated value:

$12,500,000

1.17 AC lot

687 Excelsior Blvd

COMMERCIAL (GENERAL)

687 Excelsior Blvd, Excelsior, MN 55331-1934

Estimated value:

$12,500,000

0.95 AC lot

468 3rd St

COMMERCIAL (GENERAL)

468 3rd St, Excelsior, MN 55331-2031

Estimated value:

$615,000

936 sqft 0.08 AC lot

19400 Hwy 7th 7

COMMERCIAL (GENERAL)

19400 Hwy 7th 7, Excelsior, MN 55331-9133

Estimated value:

$370,000

1.68 AC lot

406 2nd St

COMMERCIAL (GENERAL)

406 2nd St, Excelsior, MN 55331

Estimated value:

$3,750,000

0.18 AC lot

603 Lk St, Unit 307

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1949

Unit 307

Estimated value:

$1,025,000

4.64 AC lot

603 Lk St, Unit 307

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1949

Unit 307

Estimated value:

$1,025,000

4.64 AC lot

603 Lk St, Unit 212

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1999

Unit 212

Estimated value:

$830,000

4.64 AC lot

603 Lk St, Unit 212

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1999

Unit 212

Estimated value:

$830,000

4.64 AC lot

603 Lk St, Unit 217

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1999

Unit 217

Estimated value:

$260,000

4.64 AC lot

603 Lk St, Unit 217

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1999

Unit 217

Estimated value:

$260,000

4.64 AC lot

24320 Smithtown Rd

COMMERCIAL (GENERAL)

24320 Smithtown Rd, Excelsior, MN 55331-8598

Estimated value:

$810,000

1.12 AC lot

603 Lk St, Unit 205

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1993

Unit 205

Estimated value:

$605,000

4.64 AC lot

603 Lk St, Unit 108

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1948

Unit 108

Estimated value:

$340,000

4.64 AC lot

603 Lk St, Unit 108

RESIDENTIAL PARKING GARAGE

603 Lk St, Excelsior, MN 55331-1948

Unit 108

Estimated value:

$340,000

4.64 AC lot

Excelsior, MN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Excelsior, MN on our real estate platform. These investment opportunities span a total of 42,096 square feet of properties for sale, with an estimated market value of $1,950,000.

Sale prices for business properties in Excelsior, MN average $1,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Excelsior, MN CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 19K

Population Growth (5Y) +4.4%

Median Household Income $160,029

College Educated 99.9%

High-Yield Neighborhoods for Investment

Identify Excelsior submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
55331	$2M

Taxes & Financing

Tax Rate (average for all types) 2.73%

Property Tax per SF $26.95 per SF

Tax Rate vs County Average 0.30 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hennepin County

New Delisted

How Realmo verifies these figures

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