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Listed by Andrea Zupancich Z' Up North Realty
$219,000
Est. payment /mo
3,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,760 sqft
Price per Sqft $58
MLS Listing ID LSA6121668
HOA Y/N No
Year Built 1910
Annual Tax Amount $4,294
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 126x51
Property Sub-Type Mixed Use
Source lsar
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: Many visitors pause in Ely for gear, dining, or last-minute supplies—creating a natural consumer flow for retail storefronts.
Location
State MN
County St. Louis County
Area Lsar
Direction Sheridan Street 2 block east of Central and Sheridan
Rooms
Basement Full
Interior
Heating Forced Air, Oil
Cooling Central Air
Inclusions Building
Exterior
Parking Features Open, Unassigned
View Y/N No
Roof Type Flat
Garage No
Building
Foundation Poured Concrete, Rock
Sewer Public Sewer
Water City
Structure Type Wood
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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