MN
St. Louis
Ely
55731
120 E Sheridan Street
120 E Sheridan Street, Ely, MN 55731
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Listing Type
Commercial/Industrial
Listing Status
active
16
$285,000

Home Details for 120 E Sheridan Street

Price
$285,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1910
Lot size acres
0.15
County
St. Louis
Garage
Basement
Full
Days on site
12
MLS Listing#
6785343
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

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Property Features
  • Parking
    • Other
    • Parking Lot
    • Unassigned
  • Heating Information
    • Oil
    • Forced Air
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Z'Up North Realty, Inc. - 218-827-2288
NorthstarMLS logo Based on information submitted to the MLS GRID as of 2025-09-10 20:30:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT MN LAKES REALTY
140 Paul Bunyan Dr NW, Bemidji, MN 56601
Office
218 444 2204
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