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Listed by Kate Davies Bear Island Realty LLC
$375,000
Est. payment /mo
4,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $89
MLS Listing ID LSA6117649
HOA Y/N No
Year Built 1905
Annual Tax Amount $6,118
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 X 125
Property Sub-Type Commercial
Source lsar
Property Description
Pristine commercial building in Ely's sought after downtown location! Endless opportunities are possible for this meticulously maintained +/- 4,200 sq. ft. retail space in the heart of Ely. Currently the home of Pengals Basswood Trading Company, the building presents an excellent investment opportunity and could easily be converted into multiple business spaces with the option of restoring the previous living quarters on the second floor. While the original structure was built in the early 1900's, expansion projects occurred in 1983 and 1987 increasing the retail floor by over 1000 sq. ft. Updates include Marvin windows, a metal roof, efficient 3-phase 220 electrical power with 200-amp panel, radiant heat ceiling panels, central air, new entry door, new flooring, updated plumbing and much more! Other features include large storage/inventory areas, kitchen, ½ bath, off-street parking, and private offices. This inviting and highly attractive property has been home to a magnificently successful business and staple of the Ely community for many decades. Make this the future home of your next business venture in the Northwoods!
Location
State MN
County St. Louis County
Area Lsar
Direction On Sheridan St. in Ely.
Rooms
Basement Partial, Full
Interior
Heating Forced Air, Radiant, Oil, Electric
Cooling Central Air
Inclusions Building
Exterior
Parking Features Off Street
View Y/N No
Roof Type Metal
Garage No
Building
Foundation Concrete, Poured Concrete
Sewer Public Sewer
Water City
Structure Type Vinyl,Wood
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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