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About This Home
This 0-bedroom, 0-bathroom commercial at 120 E Sheridan Street in Ely, MN is listed for $275,000 ($73 per sqft). Built in 1910, the home offers 3,768 sqft of living space on a N/A lot.
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
Key Features
- Built in 1910
- 5 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
120 E Sheridan Street
Ely, MN 55731
Property Details
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 120 E Sheridan Street is listed at $275,000 ($73/sqft). The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.
Key features include: Built in 1910, 5 parking spaces.
This property is listed by Andrea Zupancich and can be reached at 2188272288 or andrea@zupnorth.com.
