120 E Sheridan ST Active Save Request In-Person Tour Request Virtual Tour
Ely,MN 55731
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Ely
MLS Listing ID 6785343
Year Built 1910
Annual Tax Amount $4,294
Tax Year 2025
Lot Size 6,534 Sqft
Property Sub-Type Mixed Use
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
Location
State MN
County St. Louis
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Exterior
Parking Features Other,Parking Lot,Unassigned
Utilities Available Heating Separate,Hot Water Separate
Roof Type Flat
Building
Story Three Or More
Foundation 2994
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Wood Siding
Schools
School District Ely
Others
Virtual Tour https://www.tourfactory.com/idxr3223219