345 Water St, Excelsior, MN 55331 Property Records

Hennepin County property record for 345 Water St, Excelsior, MN 55331

Property Summary

Property Type	Commercial
Details	built 2023
Lot Size	0.23 acres (10,019 sqft)
Owner	Company Name on File
Last Sale	$860,000 (Jun 2022)
Tax Bill	$44,823 (2025)
Deeds & Mortgages	Jun 2023 Mortgage Jun 2022 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`34-117-23-14-0024`

Property Details

APN / Parcel Number

Primary APN	`34-117-23-14-0024`

Interior

Flooring	Carpet

Exterior

Year Built	Built 2023
Effective Year Built	Effective 2023
Construction Type	Masonry / Concrete Block
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	10,019 sqft (0.23 acres)
Lot Dimensions	184 ft deep x 50 ft wide

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC
Heating Fuel	Electric

Location & Zoning

Street Address	345 WATER ST
City	EXCELSIOR
State	MN
Zip	55331-3039
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 095 B AUDITORS SUBD. NO. 135 LOT 95 AND THAT PART OF LOT 96 LYING NWLY OF A LINE PAR WITH AND 184 FT SELY FROM THE SELY LINE OF WATER ST NW50X184
Legal Range	23
Legal Township	117
Legal Section	34
Legal Quarter	14
Legal Subdivision	AUDITORS SUBD. NO. 135
Legal Block	2
Legal Lot Number	95
Jurisdiction	HENNEPIN MN
Township / Civil Division	EXCELSIOR
Census Block Group	2
Census Block	2032
Census Tract	27501

Owner

345 Water St, a commercial property, is owned by a company that bought it in June 2022.

Source: Hennepin County records, as of October 19, 2026

Owner of Record	Company Name on File
Mailing Address	345 WATER ST, EXCELSIOR, MN 55331-3039
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
Jun 21, 2023	Deed of Trust, Mortgage · Commercial Mortgage CHOICE FINANCIAL GROUP
Jun 13, 2022	Warranty Deed, Transfer · Commercial Mortgage ENTREBANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 1, 2022 · Amount on File
Deed Sale	Jun 1, 2022 · Amount on File
Deed Document Number	20221420685
Prior Transfer Date	Aug 22, 2013
Prior Transfer Doc	0005109146
Record Updated	Oct 29, 2026

June 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	345 WATER ST, EXCELSIOR, MN 55331-3039
Transaction Type	Mortgage
Record Updated	Jun 29, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	345 WATER ST, EXCELSIOR, MN 55331-3039

Mortgage

Document Number	00T6019300
Date	Jun 21, 2023
Instrument	T6019300

Lender

Name	CHOICE FINANCIAL GROUP
Type	Funding / Finance Company
Address	SAINT PAUL, MN 55121

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	59 Months
Due	May 19, 2028

June 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Jun 13, 2022
Property Address	345 WATER ST, EXCELSIOR, MN 55331-3039
Document Number	00T5951941
Instrument Date	Jun 2, 2022
Instrument	T5951941
Transaction Type	Transfer
Record Updated	Jul 21, 2022

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$2,838.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	24320 SMITHTOWN RD, EXCELSIOR, MN 55331-8598

Mortgage

Document Number	00T5951942
Date	Jun 13, 2022
Instrument	T5951942

Lender

Name	ENTREBANK

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 345 Water St was $44,823.

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	$44,823.00	$1,515,000 Land $658,000 Building $857,000	$1,515,000 Land $658,000 Building $857,000
2023	$24,867.00
2022		$875,000 Land $658,000 Building $217,000	$875,000 Land $658,000 Building $217,000

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

Flood

FEMA maps place 345 Water St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

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

The area around 345 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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