The Guest House | Mixed-Use Hospitality Opportunity

For Sale

371 Water St, Excelsior, MN 55331

This Excelsior property for sale is located at 371 Water St. The general use of The Guest House | Mixed-Use Hospitality Opportunity is retail and it incorporates 6,323 square feet of class B retail space. The current listed sale price for The Guest House | Mixed-Use Hospitality Opportunity is $1,950,000. The Guest House | Mixed-Use Hospitality Opportunity is situated on a lot that is 0.44 acre in size.

Contacts

Edward Rupp

SVN | Northco

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,323 SF
  • Units 10
  • Lot Size 0.44 Acre
  • Building Class B
  • Year Built 1950
  • Date Updated Sep 23, 2026
Excelsior, Minnesota, is a historic lakeside community situated on the southern shores of Lake Minnetonka, one of the Twin Cities’ premier recreational destinations. Just 20 minutes west of downtown Minneapolis, Excelsior combines small-town charm with upscale amenities, offering visitors easy access to boating, beaches, scenic trails, shopping, dining, and year-round events. Founded in 1853 as a resort destination, the city has maintained its rich history while evolving into one of the most desirable communities in the Minneapolis metropolitan area. The walkable downtown district features boutique shops, award-winning restaurants, breweries, coffee shops, art galleries, and waterfront parks, making it a favorite destination for both locals and tourists. Visitors can enjoy Lake Minnetonka through boating, paddleboarding, fishing, and cruises aboard the historic Steamboat Minnehaha, while nearby trails and public spaces provide abundant opportunities for outdoor recreation and community events throughout the year. Excelsior’s prime location on Lake Minnetonka and its proximity to the Twin Cities make it an ideal destination for weekend getaways, weddings, family gatherings, and corporate retreats. The community is approximately 20 miles from downtown Minneapolis, 30 miles from downtown Saint Paul, 25 miles from Minneapolis–Saint Paul International Airport, and within a day’s drive of major Midwest markets including Rochester, Duluth, Des Moines, and Madison.SVN | Northco is pleased to present, as exclusive advisor to ownership, the listing of The Guest House, a highly-visible mixed-use owner-user and hospitality opportunity in the heart of downtown Excelsior, Minnesota, just steps from scenic Lake Minnetonka ("Property"). Originally built in 1858 as a single-family estate, and now run for several decades as several very popular vacation rentals, this beautifully restored historic Victorian Italianate home blends timeless character with modern accommodations, offering seven bedrooms and seven bathrooms that comfortably host up to 17 guests. For larger groups, the adjacent Carriage House expands the property to a total of 10 bedrooms and accommodations for up to 24 guests. Featured on the reality series Miss INNdependent, The Property has become a premier destination for family gatherings, weddings, retreats, and special events, all within walking distance of Excelsior’s vibrant downtown dining, shopping, and waterfront attractions. Financials and other due diligence materials are available with an executed NDA.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Boutique owner-user / hospitality property located in the heart of Excelsior, Minnesota, just steps from Lake Minnetonka and within walking distance of downtown shops, restaurants, and more
  • Potential for a combination of retail/commercial and hospitality uses, including operating a destination retail concept, showroom, studio, wellness business, professional office, or similar use while retaining lodging income

Getting around

  • 70/100

    Walk Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Excelsior, MN
  • Neighborhood Excelsior
  • Zip Code 55331
  • Market Minneapolis St Paul

Points of Interest

  • SouthWest

    6.70 miles

  • Shady Oak

    7.30 miles

  • Town Center

    7.31 miles

  • Opus

    7.56 miles

  • City West

    7.73 miles

  • Downtown Hopkins

    7.90 miles

  • Golden Triangle

    7.92 miles

  • South Train Station

    9.05 miles

  • Blake Road

    9.09 miles

  • Lake Shore Market

    0.87 miles

  • Speedway

    0.96 miles

  • Holiday

    2.71 miles

  • Minocco

    3.07 miles

  • SA

    3.36 miles

  • BP Shoreline

    3.92 miles

  • BP

    4.36 miles

  • ChargePoint

    5.64 miles

  • West Public Parking

    0.14 miles

  • East Public Parking

    0.15 miles

  • Silverwood Park Parking Lot

    1.84 miles

  • Boat Launch

    1.87 miles

  • Hwy 7 & Vinehill Rd

    2.15 miles

  • Sugarbush Park

    2.20 miles

  • Boat Trailer Parking

    2.31 miles

  • H

    2.47 miles

  • Temple of ECK

    2.51 miles

  • Paisley Park

    2.71 miles

  • Miyabi Sushi & Asian Bistro

    0.04 miles

  • The Suburban

    0.10 miles

  • Olive's Fresh Pizza Bar

    0.11 miles

  • Coalition

    0.15 miles

  • Yumi's Sushi Bar

    0.16 miles

  • Red Sauce Rebellion

    0.18 miles

  • Jake O' Connors Public House

    0.18 miles

  • Lago Tacos

    0.22 miles

  • Haskell's Port of Excelsior

    0.25 miles

  • Maynards

    0.35 miles

  • Kowalski's Market

    0.06 miles

  • Cub Foods

    0.85 miles

  • Cottagewood General Store

    2.23 miles

  • Lunds & Byerlys

    2.90 miles

  • Target

    3.01 miles

  • ALDI

    3.18 miles

  • Lakewinds Natural Foods

    3.52 miles

  • Lakewinds Food Co-op

    4.32 miles

  • Crossroads Center

    7.65 miles

  • Eden Prairie Center

    7.72 miles

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.