Sold
Last Sold Price
243 Water St, Excelsior, MN 55331
Mixed UseProperty Type
0.03 acresLot Size
1900Year Built

Description

PRIME excelsior, MN location on Water Street for your next retail, boutique or other use! Adorable building at just under 500 sq ft ready for its next owner. Current barber tenant has short term lease remaining. Call broker for details.PRIME excelsior, MN location on Water Street for your next retail, boutique or other use! Adorable building at just under 500 sq ft ready for its next owner. Current barber tenant has short term lease remaining. Call broker for details.
  • Listed by: Chad Heer 651.203.1700 chadheer@kwcommercial.com • Keller Williams Integrity RE
Listing closed: 07/07/2019 12:00 AM • Source: NorthStar, MLS#: 5244247

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Recent comparable sales

Median sold price

$531,500

Avg days on market

36

Excelsior, MN

9 comparable properties found

1

$250,000

Sold 07/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.06
Acres
$270,000 | 5600 Shorewood Lane, Excelsior, MN 55331
2

$270,000

Sold 04/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.5
Acres
$280,000 | 5000 Manitou Road, Excelsior, MN 55331
1/5
3

$280,000

Sold 11/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.57
Acres
$625,000 | 88 1st Street, Excelsior, MN 55331
4

$625,000

Sold 12/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres
$1,885,000 | 805 Hidden Lane, Excelsior, MN 55331
5

$1,885,000

Sold 05/22/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.28
Acres
$490,000 | 6175 Cardinal Avenue, Excelsior, MN 55331
6

$490,000

Sold 05/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.87
Acres
$531,500 | 6184 Cardinal Avenue, Excelsior, MN 55331
7

$531,500

Sold 07/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.9
Acres
$1,010,000 | 5880 Christmas Lake Road, Excelsior, MN 55331
8

$1,010,000

Sold 03/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.92
Acres
9

$820,512

Sold 07/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.53
Acres

Location

Listing Courtesy of Keller Williams Integrity RE
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Property Information for 243 Water Street

Property Details
  • Taxes: $4,462 / year
  • MLS Type: Commercial Sale / Mixed Use
  • Subdivision Name: Auditors Sub 120
  • Waterfront YN: No
  • Zoning Jurisdiction: Business/Commercial
Building Information
  • Residences: 1
  • Year Built: 1900
  • Lot Size: 0.03 AC / 1,306 SF
Summary
Location and General Information
  • City Name: Excelsior
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: 243 Water St
  • Latitude: 44.902651
  • Longitude: -93.566565
  • Map Coordinate: 117-E3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Excelsior
  • City and Location Text: Excelsior(MN)
  • Postal Code: 55331
  • State Or Province: MN
  • Public Survey Township: 117
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 3411723110030
  • Tax Annual Amount: $4,462.00
  • Tax Legal Description: AUDITOR'S SUBD. NO. 120 NELY 13 FT OF LOT 41
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2018
  • Tax With Assessments: 4462.00
School Information
  • High School District: 276 - Minnetonka
  • School District Number: 276
  • School District Phone: 952-401-5000
Property
Lot Information
  • Current Use: Beauty/Barber Shop
  • Lot Features: Zero Lot Line, Public Transit (w/in 6 blks)
  • Lot Size Area: 0.03
  • Lot Size Dimensions: 13x100
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Heating Common, Electric Common, Hot Water Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 455.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Flat, Age Over 8 Years
Interior Features
  • Amenities Unit: Patio
  • Cooling: Window Unit(s)
  • Heating: Forced Air

Property History for 243 Water Street

DateEvent & SourcePriceAppreciation
Jul 7, 2019

Sold

NorthStar #5244247

$213,400—
Jul 3, 2019

Sold (Public Record)

Public Record #648439675

$213,400—
Jul 3, 2019

Sold (Public Record)

Public Record #648935685

$213,400—
DateEvent & SourcePrice
07/07/2019

Sold

NorthStar #5244247

$213,400
07/03/2019

Sold (Public Record)

Public Record #648439675

$213,400
07/03/2019

Sold (Public Record)

Public Record #648935685

$213,400

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 243 Water Street

Taxable ValueLand$100,000Additions$130,000Total$230,000
Tax Record2025$5,301 ($442 / month)
Home Facts
Lot Size1,307 SqFtStyleMiscellaneous CommercialYear Built1900Year Renovated1970CountyHENNEPINAPN34-117-23-11-0030

Schools near 243 Water Street

This home is within Minnetonka Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Excelsior Elementary School
PublicK to 5

Minnetonka West Middle School
Public6 to 8

Minnetonka Senior High School
Public9 to 12

Shorewood Education Center
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 243 Water Street, Excelsior, MN 55331
$213,400
–
–
–
1,306
–
–
–
–
2,614
–
–
–
–
3,920
–
2
1
8,146
3,485
$1,700,000
–
–
–
4,792
–
–
–
–
1,742

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Integrity RE

Based on information submitted to the MLS GRID as of 07/20/2021 04:39 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.