120 E Sheridan Street,Ely, MN 55731
Ely, MN 55731
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 eateriesthis 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 unitsideal for multiple tenants or increased rental turnover. Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely’s strong tourism trafficincluding visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet
Details
| MLS # | 6785343 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 349 |
| Listing Provided By | Z'Up North Realty, Inc. | Andrea Zupancich |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,994 |
| Basement | Y |
| Units | 4 |
| Zoning | Business/Commercial |
| Acreage | 0.15 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Wood Siding |
Parking
| Parking Features | Other, Parking Lot, Unassigned |
|---|
Utilities
| Utilities | Heating Separate, Hot Water Separate |
|---|
Taxes
| Property | 4294 |
|---|
Area Information
| State | MN |
|---|---|
| County | St. Louis |
| City | Ely |
| Zip Code | 55731 |
| Community Name | Ely |
| School District | 696 |
| High School | Ely |
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | St. Louis |
| City | Ely |
| Zip Code | 55731 |
| Community Name | Ely |
| School District | 696 |
| High School | Ely |
