545 2nd St, Excelsior, MN 55331 Property Records

Hennepin County property record for 545 2nd St, Excelsior, MN 55331 · Last verified July 2026

Property Highlights

Property Type	Commercial > Retail
Year Built	Built 2000
Lot Size	26,136 sqft (0.6 acres)
Last Sale	$2,400,000 (2023)
Tax Bill	$86,572.00 (2025)

Property Details

APN / Parcel Number

Primary APN	`35-117-23-22-0005`

Exterior

Year Built	Built 1962
Effective Year Built	Effective 2000
Construction Type	Masonry/Concrete Masonry Units (CMUs) 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	26,136 sqft (0.6 acres)
Lot Depth	172 ft Depth

Utilities and HVAC

Cooling System	Central Cooling
Heating System	Steam Heating

Location & Zoning

Street Address	545 2ND ST
City	EXCELSIOR
State	MN
Zip	55331-2132
Property Usage	Commercial Property Usage
Type	Commercial > Retail
Legal Description	LOT 001 B AUDITORS SUBD. NO. 120 THAT PART OF LOT 1 LYING SWLY OF LAKE ST EXTENDED SW164X172X181X116
Legal Range	23
Legal Township	117
Legal Section	35
Legal Quarter	22
Legal Subdivision	AUDITORS SUBD. NO. 120
Legal Block	2
Legal Lot Number	1
Jurisdiction	HENNEPIN MN
Minor Civil Division	EXCELSIOR
Census Blockgroup	2
Census Block	2002
Census Tract	27501

Owner

Source: Hennepin County records · APN 35-117-23-22-0005

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	545 2ND ST, EXCELSIOR, MN 55331-2132
Owner Type	Owner is a Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	May 03, 2023 · Amount on Record
Deed Sale	May 03, 2023 · Amount on Record
Deed Doc Number	20236011033
Record Refreshed	Sep 20, 2026

May 2023: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	May 03, 2023
Property Address	545 2ND ST, EXCELSIOR, MN 55331-2132
Document Number	00T6011033
Instrument Date	May 03, 2023
Instrument	T6011033
Transaction Type	Transfer
Record Updated	May 15, 2023
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INS CO

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$7,920.00
Amount Accuracy	Rounded Values by County
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	545 2ND ST, EXCELSIOR, MN 55331-2132

Mortgage

Document Number	00T6011034
Date	May 03, 2023
Instrument	T6011034

Lender

Name	BRIDGEWATER BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	120 Months
Due	May 05, 2033

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Hennepin County records · Assessment roll updated June 23, 2026 · Last verified July 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

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	$86,572.00 (+30.75%)	$2,880,000 (+26.32%) Land $1,298,000 Building $1,582,000	$2,880,000 (+26.32%) Land $1,298,000 Building $1,582,000
2024	$66,211.00 (+67.34%)	$2,280,000 (+75.52%) Land $1,298,000 Building $982,000	$2,280,000 (+75.52%) Land $1,298,000 Building $982,000
2023	$39,567.00
2022		$1,299,000 Land $1,298,000 Building $1,000	$1,299,000 Land $1,298,000 Building $1,000

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Hennepin County (27053C), updated December 25, 2025 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Minimal
500-Year Floodplain	No
Special Flood Hazard Area	No
Nearest Special Flood Hazard Area	Zone AE, within 500 ft

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.