Hennepin County property record for 470 Water St, Excelsior, MN 55331
| Property Type | Commercial |
|---|---|
| Details | built 1955 |
| Lot Size | 0.71 acres (30,928 sqft) |
| Owner | Company Name on File |
| Last Sale | $1,250,000 (Nov 2013) |
| Tax Bill | $97,441 (2025) |
| Deeds & Mortgages | May 2022 Line of Credit |
| Flood Zone | Zone X (minimal risk) |
| APN | 34-117-23-13-0091 |
| Primary APN | 34-117-23-13-0091 |
|---|
| Flooring | Wood |
|---|
| Year Built | Built 1955 |
|---|---|
| Effective Year Built | Effective 2010 |
| Construction Type | Masonry / Concrete Block |
| Fire Resistance | Masonry Walls, Wood Interior |
| Lot Area | 30,928 sqft (0.71 acres) |
| Cooling System | Package A/C |
|---|---|
| Heating System | HVAC |
| Street Address | 470 WATER ST |
|---|---|
| City | EXCELSIOR |
| State | MN |
| Zip | 55331-3089 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Legal Description | LOT 037 A SNELLS ADDN THOSE PARTS OF LOT 111, AUDITORS SUBDIVISION NO. 135, AND LOT 37 SNELLS ADDITION, LYING SOUTHWESTERLY OF THE FOLLOWING DESCRIBED LINE: T IRREGULAR |
| Legal Range | 23 |
| Legal Township | 117 |
| Legal Section | 34 |
| Legal Quarter | 13 |
| Legal Subdivision | SNELLS ADDN |
| Legal Block | 2 |
| Legal Lot Number | 37 |
| Jurisdiction | HENNEPIN MN |
| Township / Civil Division | EXCELSIOR |
| Census Block Group | 2 |
| Census Block | 2025 |
| Census Tract | 27501 |
470 Water St, a commercial property, is owned by a company that bought it in November 2013.
Source: Hennepin County records, as of June 23, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 400 WATER ST, 200, EXCELSIOR, MN 55331-3001 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Nov 8, 2013 · Amount on File |
| Deed Sale | Nov 8, 2013 · Amount on File |
| Prior Sale | Dec 28, 2011 · Amount on File |
| Deed Document Number | 201310026132 |
| Record Updated | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 470 WATER ST, EXCELSIOR, MN 55331-3089 |
| Transaction Type | Mortgage |
| Record Updated | Aug 15, 2022 |
| Name | Verified Name |
|---|
| Document Number | 0A11109243 |
|---|---|
| Date | May 17, 2022 |
| Instrument | A11109243 |
| Name | FIRST BANK & TRUST |
|---|---|
| Type | Bank |
| Address | MINNEAPOLIS, MN 55435 |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 120 Months |
| Due | May 17, 2032 |
The 2025 property tax bill for 470 Water St was $97,441.
Source: Hennepin County assessment roll, as of June 23, 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | Hennepin County |
| Municipality | Excelsior City |
| Unified School District | Minnetonka Public School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $97,441.00 | $3,280,000 Land $934,000 Building $2,346,000 | $3,280,000 Land $934,000 Building $2,346,000 |
| 2023 | $54,701.00 | ||
| 2022 | $1,855,000 Land $934,000 Building $921,000 | $1,855,000 Land $934,000 Building $921,000 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 470 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.
The area around 470 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.
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 |
| 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.
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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