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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

404 2Nd St Excelsior, MN 55331

Property ID
Property summary
AI-generated overview

This exceptional 4,200-square-foot creative office space is ideally situated in the vibrant heart of downtown Excelsior, Minnesota, at 404-406 2nd Street (cross street: Water Street). The property, identified by APN 34-117-23-11-0126 in Hennepin County, offers a unique single-tenant occupancy opportunity. The space is configured with 2,100 square feet on the street level and an additional 2,100 square feet on the lower level, providing ample room for a variety of uses. Its prominent storefront location ensures high visibility and accessibility for businesses seeking a strong presence in this desirable community. The property is categorized as both retail and office space, making it suitable for a range of businesses. The convenient location offers abundant parking in the immediate area, both on the street and in nearby district lots. This is a rare opportunity to secure a high-profile space in a thriving downtown area. The property is currently vacant and ready for immediate occupancy. The total building comprises three suites. This listing presents a unique chance to establish a business in a highly visible and accessible location within Excelsior's bustling commercial district. The property's zoning allows for office, retail, and service-based businesses. The entire 4,200 square feet is available.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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