Listing Agency: Compass Show Phone

Listed By: Laura Hotvet Show Phone

Source: Exprealty

Added: Mar 17 Changed: Aug 29 Last Checked: Aug 29 at 5:25PM

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Investment Insights

Based on property information with market context.

This office suite combines adaptable work areas with distinctive interior details, including exposed brick, hardwood flooring, elevated ceilings, and large windows. The layout includes an open workspace, reception area, private office, kitchenette, and updated restroom, with two separate entry points and an outdoor deck.

The front entrance opens directly onto Water Street, while the rear entry connects conveniently to a municipal parking lot and ramp. The property is situated in Excelsior’s historic downtown district along the shores of Lake Minnetonka, with shops, restaurants, and other businesses nearby. Its configuration supports office use within a walkable commercial setting.

Key Highlights

• Exposed brick, hardwood floors, high ceilings, and large windows
• Layout includes open workspace, reception, private office, kitchenette, and updated restroom
• Two entrances, including a front entry on Water Street

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Plumbing Service Bakery HVAC Service Garden Center (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

942

Businesses Nearby

Explore this area Business Placement

Demographics for 55331, MN

19,568

Population

8,275

Households

2.4

Avg Household Size

46

Median Age

71%

College-Educated

99%

High-School Grad

16.3 sq mi

ZIP Area

1,200

Density / Sq Mi

$160,029

Median Household Income

$75,771

Median Earnings

$1,208

Median Rent

$707,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Flexible workspace with reception, private office, kitchenette, updated restroom, dual entrances, natural light, and an outdoor deck.

Where is this office units located?

The property is located at 200-244 Water St Excelsior, MN.

What are key features of this property?

This property features: Exposed brick, hardwood floors, high ceilings, and large windows; Layout includes open workspace, reception, private office, kitchenette, and updated restroom; Two entrances, including a front entry on Water Street