$1,890,000
MLS# 6337173
Status: Closed
4116 sqft
1 / 13
Property Description
434 Lake Street is a distinctive all brick 4,116 SF three story building with retail on the main level and offices above creating a prime opportunity for Owner/Users or Investors. With 8 coveted off street parking spaces. This property is across the street from Lake Minnetonka with water views and half a block to Water Streets shops and restaurants, make this a prime location. The Excelsior community is very supportive of local businesses and offer great networking opportunities. Financials are available upon request. Appts thru lister.
Details
Contract Information
Allow Auto Valuation: No
Allow Consumer Comment: No
Status: Closed
Off Market Date: 2023-09-21
Current Price: $1,890,000
Closed Date: 2023-09-20
Sales Close Price: 1890000
Original List Price: 2300000
Contingency: None
ListPrice: 1995000
List Date: 2023-04-03
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 2000
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 5662.8
Foundation Size: 1372
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 94x60
Assessment Pending: Unknown
Basement
Foundation Dimensions: 49x28
Building Information
Building Finished SqFt: 4116
Building SqFt: 4116
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27053
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 117
Sale Options
Sale Includes: Building,Leases
Unit Details
Total Units: 1
Income and Expenses
Annual Gross Expenses: 90646
Annual Gross Income: 124390
Annual Net Income: 33734
Location Tax and Other Information
Postal City: Excelsior
County: Hennepin
State: MN
Zip Code: 55331
Complex/Dev/Subdivision: Auditors Sub 120
Property Features
Accessible: Accessible Elevator Installed
CMU Style: Office; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Commercial; Office; Retail
Exterior: Brick/Stone
Fuel: Electric
Heating: Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Parking Characteristics: Assigned
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Coldwell Banker Realty
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
