16
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$219,000
Est. payment /mo
2 Beds
4 Baths
6,403 Sqft Lot
Active
120 E Sheridan ST Ely, MN 55731
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ely
MLS Listing ID 6785343
Bedrooms 2
Year Built 1910
Annual Tax Amount $4,294
Tax Year 2025
Contingent None
Lot Size 6,403 Sqft
Lot Dimensions 126.00 x 51.00
Property Description
Strategic Commercial + Income Property on Sheridan Street, Ely – Exceptional Traffic & Dual Rental Potential. 3,000+ sq ft commercial building available for the first time. Plenty of off-street parking as well! Located on Ely's principal business corridor it features four large display windows, making it an ideal space for showcasing merchandise. Surrounded by shops, outfitters, galleries, and eateries—this property taps into both local residents and transient recreation customers. Dual Income Streams: Property includes two rentable 1-bedroom apartments, generating extra income alongside commercial use. The retail space easily divides into two separate units—ideal for multiple tenants or increased rental turnover.
Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely's strong tourism traffic—including visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet
Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely's strong tourism traffic—including visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet
Location
State MN
County St. Louis
Zoning Business/Commercial
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Other, Parking Lot, Unassigned
Utilities Available Heating Separate, Hot Water Separate
Roof Type Flat
Present Use Other,Retail
Building
Story Three Or More
Foundation 2994
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Ely
Others
Virtual Tour https://www.tourfactory.com/idxr3223219
Listed by Andrea Zupancich • Z'Up North Realty, Inc.
NEARBY SCHOOL & BUSINESS
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