MN > Ely > Ely
Ely, MN 55731,120 E Sheridan ST
See all 16 photos
Ely, MN 55731,120 E Sheridan ST
Ely, MN 55731,120 E Sheridan ST
Ely, MN 55731,120 E Sheridan ST
Ely, MN 55731,120 E Sheridan ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
19
Nov
Thu
20
Nov
Fri
21
Nov
Adam Krenelka

Adam Krenelka

+1(612) 600-8888
$ 285,000
Est. payment /mo
Save Virtual Tour
Active

120 E Sheridan ST Ely, MN 55731

6,534 Sqft Lot

UPDATED:

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.
Adam Krenelka

Adam Krenelka

+1(612) 600-8888

GET MORE INFORMATION

Full Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Verde Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

120 E Sheridan ST

QUICK SEARCH