137 E Sheridan St, Ely, MN 55731
137 E Sheridan St, Ely, MN 55731
137 E Sheridan St, Ely, MN 55731
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Robin Cicmil

Robin Cicmil

+1(218) 969-4048
Listed by Kate Davies Bear Island Realty LLC
$370,000
Est. payment /mo
4,200 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $88

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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Robin Cicmil

Robin Cicmil

+1(218) 969-4048

Broker Associate | License ID: 40962454

Broker Associate License ID: 40962454

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