Dave Ramsey Endorsed Local Provider for 15+ years

Keller Williams Preferred Realty(612) 843-9620Join HHG

1 / 43

520 2nd StreetExcelsior, MN 55331

$3.2 million

8,000 finished sq ft · 0.68 acre lot

Schedule a showing

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

Broker ReciprocityListing courtesy of Up Front Homes (Gregory A Haage). MLS #7006401.

© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:18 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.

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

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.

Get pre-approved with Ken Rife

See it on the map

Free account

Keep looking at homes

You’ve viewed 7 homes. Sign up free to see every home, save favorites and get new listings first. No spam.

Rather talk to a person? Call or text (612) 843-9620.

Save this home

We’ll keep your saved homes together and let you know if the price changes. No spam.