21 Water St, Excelsior, MN 55331 Property Records

Hennepin County property record for 21 Water St, Excelsior, MN 55331

Property Summary

Property Type	Commercial
Details	built 1954
Lot Size	0.39 acres (16,988 sqft)
Owner	2 Company Names on Record
Last Sale	$2,050,000 (Oct 2021)
Tax Bill	$65,408 (2025)
Deeds & Mortgages	Oct 2021 Sale & Line of Credit Nov 2018 Loan Modification
Flood Zone	Zone X (minimal risk)
APN	`34-117-23-11-0019`

Property Details

APN / Parcel Number

Primary APN	`34-117-23-11-0019`

Interior

Units	2 Units
Flooring	Wood

Exterior

Year Built	Built 1954
Effective Year Built	Effective 2000
Construction Type	Masonry / Concrete Block
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	16,988 sqft (0.39 acres)

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C
Heating Fuel	Electric

Location & Zoning

Street Address	21 WATER ST
City	EXCELSIOR
State	MN
Zip	55331-1822
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 016 B AUDITORS SUBD. NO. 120 COM AT A PT 125 FT SELY AT RT ANGLES FROM A PT IN THE NWLY LINE OF LOT 16 DIS 93.06 FT SWLY FROM THE MOST NLY COR THEREOF TH T IRREGULAR
Legal Range	23
Legal Township	117
Legal Section	34
Legal Quarter	11
Legal Subdivision	AUDITORS SUBD. NO. 120
Legal Block	2
Legal Lot Number	16
Jurisdiction	HENNEPIN MN
Township / Civil Division	EXCELSIOR
Census Block Group	2
Census Block	2002
Census Tract	27501

Owner

Source: Hennepin County records, as of June 23, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Company Names on Record
Mailing Address	37 WATER ST, EXCELSIOR, MN 55331-1822
Owner Type	Company
Vesting	Tenants in Common

Deeds, Mortgages & Sale History

Date	Document
Oct 20, 2021	Limited Warranty Deed, Transfer · Line of Credit UNION BANK & TRUST CO
Nov 1, 2018	Loan Modification, Mortgage ALERUS FIN'L

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Oct 20, 2021 · Amount on Record
Deed Sale	Oct 20, 2021 · Amount on Record
Prior Sale	Jun 8, 2009 · Amount on Record
Deed Document Number	20215888985
Record Updated	Oct 29, 2026

October 2021: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Oct 20, 2021
Property Address	21 WATER ST, EXCELSIOR, MN 55331-1822
Document Number	0T05888985
Instrument Date	Oct 15, 2021
Instrument	T05888985
Transaction Type	Transfer
Record Updated	Aug 15, 2022
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INS CO

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$6,765.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants in Common
Address	37 WATER ST, EXCELSIOR, MN 55331-1822

Mortgage

Document Number	0T05888986
Date	Oct 20, 2021
Instrument	T05888986

Lender

Name	UNION BANK & TRUST CO
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount Recorded

November 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	HENNEPIN MN
Property Address	21 WATER ST, EXCELSIOR, MN 55331-1822
Document Number	0005574142
Instrument Date	Nov 1, 2018
Transaction Type	Mortgage
Record Updated	Nov 20, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	780 LAKE POINT DR CHANHASSEN MN 553179284, CHANHASSEN, MN 55317-9284

Mortgage

Document Number	0005574142
Date	Nov 7, 2018
Instrument	5574142

Lender

Name	ALERUS FIN'L
Type	Funding / Finance Company
Address	2300 S COLUMBIA RD, GRAND FORKS, ND 58201-5826

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Nov 6, 2023

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Excelsior City
Unified School District	Minnetonka Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$65,408.00 (+19.66%)	$2,215,000 (+19.73%) Land $1,171,000 Building $1,044,000	$2,215,000 (+19.73%) Land $1,171,000 Building $1,044,000
2023	$54,660.00
2022		$1,850,000 Land $1,171,000 Building $679,000	$1,850,000 Land $1,171,000 Building $679,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	4 in force
Nearby Flood Claims	2 (1987–2014)
Claims Outside the SFHA	1 of 2
Most Recent Claim	May 2014 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Excelsior serves 2,483 people · EPA ID MN1270012
Water Source	Groundwater
Last State Inspection	Dec 2024
Lead	3 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 271 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Mediacom Xtream Cable · Fiber in parts of the area	1,000 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: CenturyLink, Metronet.

Nearby Properties on Water St

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures