Hennepin County property record for 261 School Ave, Excelsior, MN 55331 · Last verified July 2026
| Property Type | Commercial > Retail |
|---|---|
| Year Built | Built 1995 |
| Lot Size | 42,689 sqft (0.98 acres) |
| Last Sale | $3,650,000 (2026) |
| Tax Bill | $65,698.00 (2025) |
| Primary APN | 34-117-23-14-0051 |
|---|
| Units | 28 Units |
|---|---|
| Primary Flooring | Wood Flooring |
| Year Built | Built 1898 |
|---|---|
| Effective Year Built | Effective 1995 |
| Construction Type | Mixed Construction |
| Fire Resistance Class | Buildings having exterior walls built of a non-combustible material such as brick, concrete, block or poured concrete. Interior partitions and roof structure are built of combustible materials. Floor may be concrete or wood frame. |
| Lot Area | 42,689 sqft (0.98 acres) |
| Lot Depth | 175 ft Depth |
| Cooling System | A/C Package Cooling |
|---|---|
| Heating System | Steam Heating |
| Street Address | 261 SCHOOL AVE |
|---|---|
| City | EXCELSIOR |
| State | MN |
| Zip | 55331-1932 |
| Property Usage | Commercial Property Usage |
| Type | Commercial > Retail |
| Legal Description | LOT 037 A EXCELSIOR NW248X175X240X178 |
| Legal Range | 23 |
| Legal Township | 117 |
| Legal Section | 34 |
| Legal Quarter | 14 |
| Legal Subdivision | EXCELSIOR |
| Legal Block | 2 |
| Legal Lot Number | 37 |
| Jurisdiction | HENNEPIN MN |
| Minor Civil Division | EXCELSIOR |
| Census Blockgroup | 2 |
| Census Block | 2015 |
| Census Tract | 27501 |
Source: Hennepin County records · APN 34-117-23-14-0051
Assessment roll updated June 23, 2026 · Last verified July 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | PO BOX 558, EXCELSIOR, MN 55331-0558 |
| Owner Type | Owner is a Company |
| Vesting | Company |
| Date | Document |
|---|---|
| Mar 12, 2026 | Limited Warranty Deed, Transfer |
| Apr 23, 2020 | Loan Modification, Mortgage ALERUS FIN'L |
| Jan 16, 2017 | Loan Modification, Mortgage ALERUS FIN'L |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Mar 12, 2026 · Amount on Record |
| Deed Sale | Mar 12, 2026 · Amount on Record |
| Prior Sale | Dec 17, 1996 · Amount on Record |
| Deed Doc Number | 20266189857 |
| Record Refreshed | Sep 20, 2026 |
| Document Type | Limited Warranty Deed |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Recording Date | Mar 12, 2026 |
| Property Address | 261 SCHOOL AVE, EXCELSIOR, MN 55331-1932 |
| Document Number | 00T6189857 |
| Instrument Date | Feb 05, 2026 |
| Instrument | T6189857 |
| Transaction Type | Transfer |
| Record Updated | Mar 31, 2026 |
| Amount | Amount Recorded |
|---|---|
| Tax | $12,045.00 |
| Amount Accuracy | Rounded Values by County |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | PO BOX 558, EXCELSIOR, MN 55331-0558 |
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 261 SCHOOL AVE, EXCELSIOR, MN 55331-1932 |
| Document Number | 0005706562 |
| Instrument Date | Apr 23, 2020 |
| Transaction Type | Mortgage |
| Record Updated | May 19, 2020 |
| Title Company | NOT AVAILABLE |
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 174 W LAKE ST EXCELSIOR MN 553311744, EXCELSIOR, MN 55331-1744 |
| Document Number | 0005706562 |
|---|---|
| Date | May 07, 2020 |
| Instrument | 5706562 |
| Name | ALERUS FIN'L |
|---|---|
| Type | Funding / Finance Company |
| Address | GRAND FORKS, ND 58201 |
| Term | 36 Months |
|---|---|
| Due | May 06, 2023 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 4.7% |
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 261 SCHOOL AVE, EXCELSIOR, MN 55331-1932 |
| Document Number | 0005416806 |
| Instrument Date | Jan 16, 2017 |
| Transaction Type | Mortgage |
| Record Updated | Feb 01, 2017 |
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 174 W LAKE ST EXCELSIOR MN 553311744, EXCELSIOR, MN 55331-1744 |
| Document Number | 0005416806 |
|---|---|
| Date | Jan 23, 2017 |
| Instrument | 5416806 |
| Name | ALERUS FIN'L |
|---|---|
| Type | Funding / Finance Company |
| Address | GRAND FORKS, ND 58201 |
| Term | 60 Months |
|---|---|
| Due | Jan 22, 2022 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 4.7% |
Source: Hennepin County records · Assessment roll updated June 23, 2026 · Last verified July 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | Hennepin County |
| Municipality | Excelsior City |
| Unified School District | Minnetonka Public School District (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $65,698.00 (+3.41%) | $2,160,000 (-) Land $1,702,000 Building $458,000 | $2,160,000 (-) Land $1,702,000 Building $458,000 |
| 2024 | $63,531.00 (+0.1%) | $2,160,000 (+5.06%) Land $1,702,000 Building $458,000 | $2,160,000 (+5.06%) Land $1,702,000 Building $458,000 |
| 2023 | $63,465.00 | ||
| 2022 | $2,056,000 Land $1,702,000 Building $354,000 | $2,056,000 Land $1,702,000 Building $354,000 |
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