520 2nd StreetExcelsior, MN 55331
$3.2 million
8,000 finished sq ft · 0.68 acre lot
About this home
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!
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1900
- Finished sq ft
- 8,000
- Lot
- 0.68 acres
- Garage
- 3 stalls
- Heating
- Natural Gas, Baseboard
- Cooling
- Central Air
- Property taxes
- $26,320 a year
- Listed
- January 10, 2026
- MLS number
- 7006401
Listing courtesy of Up Front Homes (Gregory A Haage). MLS #7006401.
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How it compares
520 2nd Street, Excelsior, MN 55331 is a single-family home built in 1900, listed for $3.2 million on January 10, 2026 by Up Front Homes. That is in the upper quarter of the 9 single-family homes for sale in Excelsior right now (median $1.475 million; $400 per square foot here against $430 for the group). That works out to $400 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 8:18 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Excelsior community guideSchools, commutes, parks, home values and local stories.
- Excelsior housing market, September 2026Homes sold for a median $725,000 over 12 months (−22.6%), 46 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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