RENTED JUN 1, 2026

312 3rd St Excelsior, MN 55331

Estimated Value: $676,000 - $2,424,000

3 Beds
2.5 Baths
2,300 Sq Ft
$504/Sq Ft Est. Value

Highlights

  • Vaulted Ceiling
  • No HOA
  • Butlers Pantry
  • Excelsior Elementary School Rated A+
  • The kitchen features windows
  • 1-minute walk to Excelsior Commons

About This Home

As of June 2026

Urban Loft Living in Historic Excelsior
Experience the perfect blend of industrial charm and vibrant community life in this distinctive 3-bedroom, 3-bathroom loft, nestled in the heart of Excelsior. Set within a repurposed Lyman Lumber cabinet warehouse, this approximately 2,300 sq ft residence offers a unique urban aesthetic with exposed mechanicals, vaulted ceilings, and abundant windows that flood the space with natural light.
Key Features:
•Two spacious bedroom suites, each with walk-in closets and private baths
•Custom cabinetry throughout, including a galley kitchen and butler’s pantry
•Gas fireplace for cozy evenings
•Pet-friendly accommodations (restrictions apply)
Located above CrossFit SISU, residents will be immersed in the dynamic sounds of Excelsior—from the energizing rhythms of the gym below to the nostalgic daily firehouse siren, and the melodies drifting from nearby breweries and park concerts. While the previous owners cherished this lively atmosphere for over a decade, those seeking a quieter environment may wish to consider this aspect.
Community Highlights:
•Stroll to Excelsior Commons Park for summer Concerts in the Commons, featuring live music, food trucks, and community gatherings.
•Participate in cherished local events like Apple Days, Art on the Lake, and the Fourth of July celebrations.
•Enjoy the convenience of nearby boutiques, eateries, and the scenic shores of Lake Minnetonka.
Embrace the unique character and spirited community of Excelsior in this exceptional loft residence. For more information or to schedule a viewing, please contact us.

Last Agent to Rent the Property

Mike Seifert

US Brokerage, LLC Listed on: 02/12/2026

Last Renter's Agent

Mike Seifert

US Brokerage, LLC Listed on: 02/12/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • Irregular Lot
  • Additional Parcels

Home Design

  • Duplex
  • Frame Construction
  • Wood Siding
  • Block Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Gas Fireplace

Kitchen

  • Butlers Pantry
  • Range
  • Dishwasher
  • Wine Cooler
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Open Parking
  • Parking Lot
  • Parking Fee

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property Available on 3/1/26
  • Tenant pays for broadband, cable TV, electricity, gas, heat, hot water
  • The owner pays for association fees, common area maintenance, exterior maintenance, grounds care, management, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 3411723110153

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

2,178 Sq Ft Lot

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2026-03-01
  • Lease Price: 4500
  • ApplicationFee: 50
  • SecurityDeposit: 4500
  • SmokingPermitted: N

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Duplex Up and Down
  • Cooling System: Central Air
  • Outside Features: Block, Engineered Wood, Wood
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 2300
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Air-To-Air Exchanger, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Water Osmosis System, Range, Refrigerator, Washer, Wine Cooler
  • Fireplace Features: Gas
  • Living Area: 2300
  • Fireplace: Yes
  • Owner Pays: Association Fees, Common Area Maintenance, Exterior Maintenance, Grounds Care, Management, Sewer, Snow Removal, Trash Collection, Water
  • Basement YN: No

Beds/Baths

  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 2

Exterior Features

  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: Parking Lot, More Parking Onsite for Fee, Open

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Laundry Room
  • Fuel: Electric, Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony, Deck, Hardwood Floors, Indoor Sprinklers, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Skylight, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictPhone: 9524015000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 2300
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: Yes
  • Zoning Description: Other
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Concrete, Frame

Tax Info

  • Assessor Parcel Number: 3411723110153

Multi Family

  • TenantPays: Broadband, Cable TV, Electricity, Gas, Heat, Hot Water
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2026 06/01/26 Rented $4,500 0.0% --
04/09/2026 04/09/26 Price Changed $4,500 -18.2% $2 / Sq Ft
02/15/2026 02/15/26 For Rent $5,500 -- --
Source: NorthstarMLS

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7020623

NorthstarMLS

APN: 34-117-23-11-0153

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