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

Robin Cicmil

+1(218) 969-4048
Listed by Andrea Zupancich Z' Up North Realty
$219,000
Est. payment /mo
3,760 SqFt
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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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Robin Cicmil

Robin Cicmil

+1(218) 969-4048

Broker Associate | License ID: 40962454

Broker Associate License ID: 40962454

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