120 E Sheridan Street, Ely, MN 55731
- $219,000
- 2
- BD
- 4
- BA
- List Price
- $219,000
- Status
- ACTIVE
- Days on Market
- 365
- Price Change
- ▼ $10,000 1784483831
- MLS#
- 6785343
- Subtype
- Commercial Sale
- Style
- Apartments and Retail
- Year Built
- 1910
- Bedrooms
- 2
- Bathrooms
- 4
- Acres
- 0.15
- Subdivision
- Ely
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
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Additional Information
- Taxes
- $4,294
- Property Description
- Apartments and Retail
- Zoning
- Business/Commercial
- Heating
- Forced Air
- Stories
- Three Or More
- Levels
- Three Or More
- Roof
- Flat
- Parking
- Other, Parking Lot, Unassigned
- School District
- Ely
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Listing courtesy of Z'Up North Realty, Inc..
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