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Listed by Lori Schulze Keller Williams Classic Realty NW - Ely
$450,000
Est. payment /mo
1,353 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,353 sqft
Price per Sqft $332
MLS Listing ID LSA6124106
HOA Y/N No
Tax Year 2026
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions Irregular
Property Sub-Type Commercial
Source lsar
Property Description
Seize a rare opportunity to own a one-of-a-kind commercial property in the heart of Ely, Minnesota — the gateway to the Boundary Waters Canoe Area Wilderness. Situated on a prominent corner lot at the intersection of bustling Sheridan Street and Highway 1, adjacent to the local grocery store, one of the highest traffic anchors in town, this distinctive log building offers maximum visibility, easy access, and unmatched exposure. Set on approximately one acre of commercially zoned land, the property offers ample room to expand, providing long-term flexibility for growth. The natural log construction lends an authentic Northwoods aesthetic that resonates deeply with both the local community and many outdoor enthusiasts, anglers, and adventurers who pass through Ely each year. Ely is Northern Minnesota's premier four-season destination, drawing visitors for BWCA canoe trips, ice fishing, dog sledding, hiking, and fall foliage — and a growing wave of remote workers and retirees choosing small-town Northwoods living. Prime commercial corners in Ely rarely come to market, making this a standout opportunity for investors and business owners alike.
Location
State MN
County St. Louis County
Area Lsar
Direction Located on the corner of E Sheridan Street and Highway 1 in downtown Ely, MN.
Rooms
Basement Full
Interior
Heating Forced Air, Propane
Inclusions Building, Land
Exterior
Parking Features Asphalt
View Y/N No
Roof Type Asphalt
Garage No
Building
Foundation Concrete
Sewer Public Sewer
Water City
Structure Type Log,Stone
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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