Just Sold: 371 Water Street, Excelsior, MN 55331

Just Sold: 371 Water Street, Excelsior, MN 55331

  • Nick Leyendecker
  • 08/11/21

SOLD | List Price: $1,500,000

The Bird House Inn is a Rare Live and/or Work Opportunity in the Heart of Excelsior
We listed the Birdhouse Inn and SOLD it in 27 days for $1.485 million, 99% of its $1.5 million list price which outperformed village comps and set a record as the highest sales price ever achieved for a Bed & Breakfast property in the state of Minnesota.
Description: Prime, Excelsior Village Location | Acres: .44 | Structures: 2 | Units: 6 | Kitchens: 4 | Garage Stalls: 4 | Off Street Parking Spaces: 17

This is a rare opportunity to live and/or work in the heart of the Excelsior Village at the Bird House Inn property which is currently operating as an owner-occupied Bed & Breakfast / VRBO property / Event Space. Run the business as a classic B&B, convert to a lucrative, lower-maintenance VRBO model, or operate as a hybrid. The property features a 6 bed, 5 bath, 3,000 square foot B&B structure and a 3 bed, 1 bath, 1,300 square foot cottage which is currently used as an owner's residence featuring an open floor plan, a chef's kitchen and a 2 car, attached, heated garage with a drain and 100 amp service. All of this is set on a beautiful, private, .44 acre lot along prime, historic Water Street with an abundance of flat, green space, and off-street parking for up to 17 vehicles. The property has been vigorously maintained and extensively improved by the current owners. Some of the improvements to the B&B structure include a brand new foundation, a new 1" water main, a new 100 amp electrical service, and completely renovated bathrooms with heated floors and high-end finishes. The cottage was originally constructed in 1990 but has undergone a full renovation in 2007/2015.

This property is located within the Downtown Excelsior Historical District and as such, any exterior changes to the structures are potentially subject to recommendations from the Heritage Preservation Commission. Measurements within this listing are deemed accurate but are not guaranteed. The buyer is responsible for verifying all measurements. Skies in property photos may be edited.
To schedule your free equity analysis email or call us today at (952) 222-7653.

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