287 Water St, Excelsior, MN 55331 Property Records

Hennepin County property record for 287 Water St, Excelsior, MN 55331

Property Summary

Property Type	Commercial
Details	built 1963
Lot Size	0.22 acres (9,583 sqft)
Owner	Company Name on File
Last Sale	$2,050,000 (Aug 2026)
Tax Bill	$61,132 (2025)
Deeds & Mortgages	Aug 2026 Line of Credit Aug 2026 Sale & Line of Credit + 6 more
Flood Zone	Zone X (minimal risk)
APN	`34-117-23-11-0034`

Property Details

APN / Parcel Number

Primary APN	`34-117-23-11-0034`

Interior

Units	11 Units
Flooring	Wood

Exterior

Year Built	Built 1963
Effective Year Built	Effective 1998
Construction Type	Masonry / Concrete Block
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	9,583 sqft (0.22 acres)
Lot Dimensions	80 ft deep x 121 ft wide

Utilities, Heating & Cooling

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

Location & Zoning

Street Address	287 WATER ST
City	EXCELSIOR
State	MN
Zip	55331-1824
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 040 B AUDITORS SUBD. NO. 120 LOTS 39 AND 40 121 X 80
Legal Range	23
Legal Township	117
Legal Section	34
Legal Quarter	11
Legal Subdivision	AUDITORS SUBD. NO. 120
Legal Block	2
Legal Lot Number	40
Jurisdiction	HENNEPIN MN
Township / Civil Division	EXCELSIOR
Census Block Group	2
Census Block	2017
Census Tract	27501

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Excelsior Commercial Historic District listed 2021 · 32 contributing resources · NRIS 100007070

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

287 Water St, a commercial property, is owned by a company that bought it in August 2026.

Source: Hennepin County records, as of August 13, 2026

Owner of Record	Company Name on File
Mailing Address	441 2ND ST, EXCELSIOR, MN 55331-2045
Owner Type	Company
Vesting	Limited Liability Partnership

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

Deeds, Mortgages & Sale History

Date	Document
Aug 3, 2026	Deed of Trust, Mortgage · Line of Credit BELL BANK
Aug 3, 2026	Re-recorded Document, Transfer · Line of Credit BELL BANK
Jul 28, 2026	Warranty Deed, Transfer · Conventional Mortgage BELL BANK
Aug 2, 2022	Land Contract, Transfer · Land Contract NOT AVAILABLE
Aug 4, 2022	Contract Sale, Transfer · Land Contract NOT AVAILABLE
Aug 10, 2018	Deed of Trust, Mortgage · Line of Credit BRIDGEWATER BK
Aug 10, 2018	Deed of Trust, Mortgage · Line of Credit BRIDGEWATER BK
Aug 29, 2018	Warranty Deed, Transfer NATIONAL COMMERCIAL SERVICES, NATIONAL COM'L SVCS

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 3, 2026 · Amount on File
Deed Sale	Aug 3, 2026 · Amount on File
Prior Sale	Jul 28, 2026 · Amount on File
Deed Document Number	202611485094
Prior Transfer Date	Jul 22, 2026
Prior Transfer Doc	0011485094
Record Updated	Sep 20, 2026

August 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Recording Date	Aug 3, 2026
Property Address	287 WATER ST, EXCELSIOR, MN 55331-1824
Document Number	0011485095
Instrument Date	Jul 22, 2026
Instrument	202611485095
Transaction Type	Mortgage
Record Updated	Aug 13, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	441 2ND ST, EXCELSIOR, MN 55331-2045

Mortgage

Document Number	0011485095,
Date	Aug 3, 2026
Instrument	202611485095

Lender

Name	BELL BANK

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Aug 5, 2031

Interest

Rate	6.49%
Max Rate	-1%

August 2026: Re-recorded Document, Transfer

Document Type	Re-recorded Document
Jurisdiction	HENNEPIN MN
Recording Date	Aug 3, 2026
Property Address	287 WATER ST, EXCELSIOR, MN 55331-1824
Document Number	0011485094
Instrument Date	Jul 22, 2026
Instrument	202611485094
Transaction Type	Transfer
Record Updated	Aug 13, 2026
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$703,970.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	441 2ND ST, EXCELSIOR, MN 55331-2045

Mortgage

Document Number	0011485094,
Date	Aug 3, 2026
Instrument	202611485094

Lender

Name	BELL BANK

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Aug 5, 2031

Interest

Rate	6.49%
Max Rate	-1%

July 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Jul 28, 2026
Property Address	287 WATER ST, EXCELSIOR, MN 55331-1824
Document Number	0006215920
Instrument Date	Jul 21, 2026
Instrument	20266215920
Transaction Type	Transfer
Record Updated	Aug 11, 2026
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$703,970.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	441 2ND ST, EXCELSIOR, MN 55331-2045

Mortgage

Document Number	0006215921,
Date	Jul 28, 2026
Instrument	20266215921

Lender

Name	BELL BANK

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	60 Months
Due	Aug 5, 2031

Interest

Rate	6.52%
Max Rate	-1%

August 2022: Land Contract, Transfer

Document Type	Land Contract
Jurisdiction	HENNEPIN MN
Recording Date	Aug 2, 2022
Property Address	287 WATER ST, EXCELSIOR, MN 55331-2069
Document Number	00T5963808
Instrument Date	Aug 1, 2022
Instrument	T5963808
Transaction Type	Transfer
Record Updated	Aug 11, 2022

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1040 BAYSIDE LN, 1040, MOUND, MN 55364-8963

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	441 2ND ST, EXCELSIOR, MN 55331-2045

Mortgage

Date	Aug 2, 2022

Lender

Name	NOT AVAILABLE

Agreement

Type	Land Contract
Amount	Amount on Record
Term	48 Months
Due	Jul 31, 2026

Interest

Rate	6%

August 2022: Contract Sale, Transfer

Document Type	Contract Sale
Jurisdiction	HENNEPIN MN
Recording Date	Aug 4, 2022
Property Address	287 WATER ST, EXCELSIOR, MN 55331-2069
Document Number	0A11135214
Instrument Date	Aug 1, 2022
Instrument	A11135214
Transaction Type	Transfer
Record Updated	Aug 17, 2022

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1040 BAYSIDE LN, 1040, MOUND, MN 55364-8963

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	441 2ND ST, EXCELSIOR, MN 55331-2045

Mortgage

Date	Aug 4, 2022

Lender

Name	NOT AVAILABLE

Agreement

Type	Land Contract
Amount	Amount on Record
Term	12 Months
Due	Aug 1, 2023

Interest

Rate	5%

August 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	287 WATER ST, EXCELSIOR, MN 55331-2069
Document Number	0005553062
Instrument Date	Aug 10, 2018
Transaction Type	Mortgage
Record Updated	Aug 27, 2018
Title Company	NATIONAL COMMERCIAL SERVICES, NATIONAL COM'L SVCS

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	287 WATER ST EXCELSIOR MN 553312069, EXCELSIOR, MN 55331-2069

Mortgage

Document Number	0005553062
Date	Aug 13, 2018
Instrument	5553062

Lender

Name	BRIDGEWATER BK
Type	Bank
Address	3800 AMERICAN BLVD W # 100, BLOOMINGTON, MN 55431-4416

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	120 Months
Due	Aug 12, 2028

Interest

Rate Type	Adjustable Rate

August 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	287 WATER ST, EXCELSIOR, MN 55331-2069
Document Number	0010587802
Instrument Date	Aug 10, 2018
Transaction Type	Mortgage
Record Updated	Jan 15, 2019
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	287 WATER ST #LLC EXCELSIOR MN 553312069, EXCELSIOR, MN 55331-2069

Mortgage

Document Number	0010587802
Date	Aug 29, 2018
Instrument	10587802

Lender

Name	BRIDGEWATER BK
Type	Bank
Address	3800 AMERICAN BLVD W # 100, BLOOMINGTON, MN 55431-4416

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	120 Months
Due	Aug 28, 2028

Interest

Rate Type	Adjustable Rate

August 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Aug 29, 2018
Property Address	287 WATER ST, EXCELSIOR, MN 55331-2069
Document Number	0010587801
Instrument Date	Aug 2, 2018
Instrument	10587801
Transaction Type	Transfer
Record Updated	Jan 15, 2019
Title Company	NATIONAL COMMERCIAL SERVICES, NATIONAL COM'L SVCS

Transaction

Amount	Amount on Record
Tax	$6,205.00

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1040 BAYSIDE LN MOUND MN 553648963, MOUND, MN 55364-8963

Tax Assessment & Valuation

The 2025 property tax bill for 287 Water St was $61,132.

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	$61,132.00	$2,075,000 Land $768,000 Building $1,307,000	$2,075,000 Land $768,000 Building $1,307,000
2023	$53,970.00
2022		$1,831,000 Land $768,000 Building $1,063,000	$1,831,000 Land $768,000 Building $1,063,000

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

Flood

FEMA maps place 287 Water St in Zone X, an area of minimal flood risk, though there have been 2 flood claims nearby since 1987.

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
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

The area around 287 Water St has no burnable land within ember reach, so its wildfire risk is not rated.

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.

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