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    511 2Nd St Excelsior, MN 55387

    For Sale
    $475,000

    New office/retail space in downtown Excelsior with high visibility.

    Property size:
    621 SF
    Lot size:
    0.19 Acres

    Property Features for 511 2Nd St

    General Information

    Size
    621 SF
    Lot size
    0.19 Acres

    Source: KW Commercial Minneapolis Agent Mark Dwyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Excelsior Office/Retail Space For Sale

    This is a new office/retail space located in downtown Excelsior, MN. The property benefits from high visibility due to its street and sidewalk frontage in a walkable neighborhood. The space features abundant natural light, provided by floor-to-ceiling windows on three sides. A front patio offers an outdoor area. The property is a new construction with modern amenities, including a kitchen and ADA-compliant bathroom. The space is professionally furnished and designed. Traffic counts are 7,041 vehicles per day on 2nd Street and 10,859 vehicles per day on nearby Water Street. The monthly HOA for 2025 is $471.01, and the 2025 tax is $4,055.84. The property size is 621 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Excelsior
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5640296
    Latitude
    44.9026659

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    FAQs

    What type of property is this?
    Office space - New office/retail space in downtown Excelsior with high visibility.
    Where is this office space located?
    The property is located at 511 2Nd St Excelsior, MN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Prime downtown Excelsior location with high visibility and walkable frontage.; - Brand new construction featuring modern amenities like a kitchen and ADA bathroom.; - Abundant natural light streams in through floor-to-ceiling windows on three sides.
    (612) 481-0293
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    511 2Nd St Excelsior, MN 55387
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