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Here it is! The Prime Location you’ve been waiting for. Located in the heart of Excelsior—one of Lake Minnetonka’s most coveted destinations and often referred to as the “Malibu of the Midwest”—520 2nd Street presents a truly rare, mixed-use zoned, once-in-a-generation opportunity that combines 8000 sq ft between the well-established commercial building owned by Huber Funeral Homes with a spacious, single-family residence w/rental license, if desired. Nearly 3/4 acre. **When you arrive in Excelsior, the significance of this location is immediately clear: Maynard’s and Lake Minnetonka are to your right and 520 2nd Street is straight ahead. Few properties can claim this level of visibility, prominence, and daily exposure. This is THE location! **The commercial space features two expansive, separate and well-defined levels (main and upper), providing outstanding flexibility for a wide range of business models, professional services, boutiques, showrooms or 100's of other creative uses. **Positioned in one of Excelsior’s most active and walk-able areas, the property delivers exceptional business brand presence while capturing the prestige and lifestyle appeal of Excelsior Bay and Lake Minnetonka. **This is a fantastic opportunity for owner-users, investors, developers, and business visionaries who desire a premier presence in a community known for its amazing lake lifestyle, dining experiences like Vagabondo, Mirabelle, Coalition, Maynard's, 318 plus numerous shops on Water Street and surrounding streets, along with a long-term business value, who are seeking an exceptional, highly-coveted Lake Minnetonka location. **For developers and investors, the property’s configuration, location, and prominent visibility, un-lock a variety of high-value possibilities—whether as a refined live/work estate, a signature business destination, or a strategic redevelopment. **The attached 4-story home boasts (4) bedrooms with a master bedroom and en-suite, (4) bathrooms, kitchen, dining room and a great room with vaulted ceilings designed for everyday living, as well as, entertaining. **More home highlights include a large private backyard and a three-car attached garage, creating an exceptional live-work lifestyle in an unbeatable Excelsior location. **Don’t wait on this one!

Highlights

  • Commercial Sale
  • Built in 1900
  • 0.68 Acre Lot
  • 3 Car Garage
  • 305 days on Market

  • Year Built
    1900
  • Stories
    3.0
  • Construction Materials
    Vinyl Siding, Stone, Brick Veneer
  • Foundation
    Block
  • Garage Spaces
    3.0
  • Parking Features
    Attached, Garage Door Opener, On Street, Storage, Heated Garage, Underground, Parking Lot
  • Appliances
    Dryer, Dishwasher, Refrigerator, Washer, Range, Cooktop
  • Flooring
    Tile, Carpet
  • Cooling
    Central Air
  • Heating
    Natural Gas, Baseboard

  • Acres
    0.68
  • View
    Lake, Bay
  • Utilities
    Cable Available
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 520 2nd St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 520 2nd St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 520 2nd St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $3,200,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Excelsior, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 520 2nd St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 520 2nd St at around $20,404. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 520 2nd St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hennepin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 520 2nd St?

In most cases, yes. Whether 520 2nd St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Excelsior's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 520 2nd St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Excelsior and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $3,200,000 with 8,000 sqft of space—that comes out to approximately $400 per square foot.

How long has this property been on the market?

520 2nd St was listed on January 10, 2026, which means it's been on the market for 305 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1900, making it approximately 126 years old.

What is the lot size of this property?

520 2nd St sits on a 0.68-acre lot, which is 29,621 square feet.

What are the property taxes for 520 2nd St?

The most recent public record shows annual property taxes for 520 2nd St were approximately $26,320. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 520 2nd St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 11, 2026 at 07:35PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 11, 2026 at 07:35PM | Source: NorthstarMLS | MLS#: 7006401

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