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Retail Space with Outdoor Deck
For Lease
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244 Water St, Excelsior, MN 55331

Open commercial suite with separate street and rear access, private office, kitchenette, and updated restroom.

Space Size1,576 SF
Days on Market169

Property Features for 244 Water St

General Information

Standard status Active
Size 1,576 SF
Property subtype RETAIL

Spaces For Lease

at 244 Water St Contact us

Retail/Office/Studio Space for Lease $25/SF/Yr

Size
1,576 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Situated in the heart of downtown Excelsior, within a walkable business district...
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Listing Agency: Compass Real Estate
Listed By: Laura Hotvet
Source: Moodyscre
Added: Mar 17 Changed: Aug 30 Last Checked: Aug 30 at 2:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Real Estate

Investment Insights

Based on property information with market context.

This 1,576-square-foot retail suite combines an open commercial floor plan with a reception area, private office, kitchenette, and updated restroom. Interior finishes include exposed brick, hardwood flooring, high ceilings, and large windows that bring substantial natural light into the space. An outdoor deck extends the usable area.

The property is located at 244 Water St in downtown Excelsior, within a walkable business district along Lake Minnetonka. A dedicated front entrance serves Water Street, while the rear entrance connects toward the municipal parking lot and the parking ramp positioned behind the building. Water Street signage is also available.

Key Highlights

  • 1,576 SF retail suite at 244 Water St
  • Open layout with reception area and private office
  • Exposed brick, hardwood floors, high ceilings, and large windows

Property Analytics

Current Use

Retail space

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

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

942
Businesses Nearby
30k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 64% Groceries 18% Shops & Services 18%
McDonald's Dining
16,183 visits/mo 0.5 miles
Haskell's Groceries
5,515 visits/mo 0.1 miles
Wells Fargo Shops & Services
4,048 visits/mo 0.2 miles
Dunn Bros Coffee Dining
1,794 visits/mo 0.1 miles
U.S. Bank Shops & Services
1,226 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial suite with separate street and rear access, private office, kitchenette, and updated restroom.
Where is this retail space located?
The property is located at 244 Water St Excelsior, MN.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1,576 SF retail suite at 244 Water St; Open layout with reception area and private office; Exposed brick, hardwood floors, high ceilings, and large windows
(612) 816-7537 Call to check price and availability
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