Homes for sale - 120 E Sheridan ST, Ely, MN 55731

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Josh Genz

josh@midwestlifestyleproperties.com +1(608) 797-7230

$ 285,000

Est. payment | -/mo

6,534 Sqft Lot

Save Virtual Tour

$ 285,000

Est. payment | -/mo

Save Virtual Tour

6,534 Sqft Lot

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

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 126.00 x 51.00

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

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building

Fireplace No

Exterior

Parking Features Other, Parking Lot, Unassigned

Utilities Available Heating Separate, Hot Water Separate

Roof Type Flat

Present Use Other,Retail

Building

Story Three Or More

Foundation 2994

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Wood Siding

Schools

School District Ely

Others

Virtual Tour https://www.tourfactory.com/idxr3223219

Listed by Andrea Zupancich • Z'Up North Realty, Inc.

+1(608) 797-7230

josh@midwestlifestyleproperties.com

426 2nd Ave S, Onalaska, WI, 54650, United States

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