# 120 E Sheridan Street, Ely, MN 55731

> **TL;DR:** commercial, $275,000 ($73/sqft), built 1910, 3,768 sqft.
> Basement. Est. $1,192/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $275,000 |
| Price/sqft | $73 |
| Square Feet | 3,768 |
| Year Built | 1910 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,192 |
| **Total** | **$1,192** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1910
- 5 parking spaces

## Description

### Agent 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

- **Address:** 120 E Sheridan Street, Ely, MN 55731
- **Coordinates:** 47.903041, -91.864773
- **Google Maps:** https://www.google.com/maps?q=47.903041,-91.864773

## Listing Agent

- **Name:** Andrea Zupancich
- **Brokerage:** z' Up North Realty
- **Phone:** 2188272288
- **Email:** andrea@zupnorth.com

## Primary Photo

![120 E Sheridan Street - Primary Photo](http://lh.rdcpix.com/43ce8cde140fc008d53d16ec5228cd51l-f3967823552r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/120-e-sheridan-street-ely-mn-55731-n148955)*

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**MLS#:** 148955 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/120-e-sheridan-street-ely-mn-55731-n148955)

---

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