468 3rd St, Excelsior, MN 55331

Property Description

**SOLD BEFORE PRINT. Rare and special opportunity in the heart of downtown Excelsior. The sellers reimagined this prior Up-Down Style Duplex into charming open concept work space areas for their growing advertising company. This is a wonderful opportunity for either a traditional buyer to enhance the property further as a single family opportunity with the existing footprint or for a commercial buyer given the rare opportunity to have a parcel that is zoned for "Downtown Commercial" to redevelop it using the city's requirements for set backs and hardcover rules. 1081 sq feet recorded prior - however it truly boasts 800 square feet of usable space that features a kitchenette on the upper floor, wet bar on the main floor, 2 half baths (upper and lower - thus non ADA compliant as is) and a walkout lower level to a lovely backyard patio that overlooks a little greenspace and wooded views. Located just seconds from Excelsior's charming Water Street shops and restaurants with ample free parking next to the brewery. Enjoy your very own path access to the Lake Minnetonka Regional Trail that is located just to the rear of the property. The build year is recorded as 1900, however the historic records suggest that it may be circa 1874 and was the Darnell's Boarding house at one time. *See the list of Seller's improvements attached.