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    21 Water St Excelsior, MN 55331

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    For Lease
    Contact for pricing

    Versatile space in Excelsior's historic district, near Lake Minnetonka.

    Property size:
    3,226 SF
    Lot size:
    0.39 Acres

    Property Features for 21 Water St

    General Information

    Size
    3,226 SF
    Lot size
    0.39 Acres

    Source: Lakes Area Realty Agent Chris Dennis

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

    Overview

    Excelsior Retail/Office Space Available

    Located in the heart of Excelsior’s historic district, this versatile space offers an opportunity just one block from Lake Minnetonka. The property has 3,226 square feet of space. Currently operating as a nail salon and spa, the property is adaptable for a variety of uses, including retail, boutique services, or professional offices. The owner is open to subdividing the space to suit tenant needs. Convenient on-site parking is available for tenants and customers in a private parking lot. Nearly 1,000 square feet of lower-level storage or retail space is available. The property has a high-visibility Water Street address surrounded by shops, restaurants, and community amenities. The property is across the street from the approved 42-unit condo development and the planned refurbishment of the Dock Cinema, ensuring increased foot traffic and visibility. The space is available in 90 days.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    -93.5653211
    Latitude
    44.9037871

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    FAQs

    What type of property is this?
    Retail space - Versatile space in Excelsior's historic district, near Lake Minnetonka.
    Where is this retail space located?
    The property is located at 21 Water St Excelsior, MN.
    What are key features of this property?
    This property features: - Prime Water Street location in Excelsior's historic district, one block from Lake Minnetonka.; - Versatile 3,226 sq. ft. space adaptable for retail, boutique services, or professional offices.; - Private parking lot for tenants and customers.
    (612) 229-9322
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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
    21 Water St Excelsior, MN 55331
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