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    Ely, MN
    Coffee shop

    Ely, MN Coffee Shops for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Coffee Shop with Roasting and Residential
    Updated: Apr 21
    Coffee Shop with Roasting and Residential

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft 0.07 AC lot
    0.07‑acre lot with 4,350 SF overall building size
    Built in 1910 with a rubber roof
    Two 1‑bedroom, 1‑bath upper residential units with off‑street parking
    Roasting operation includes a 5lb Mill City Roaster
    2 W Sheridan St leased building with bar area, kitchen area, and restrooms
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    This listing looks promising.

    Here's a quick look at some key insights for

    2 W Sheridan St, Ely, MN 55731

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $60K
      Annual

    • Mortgage

      $179K
      Sep 2022

    • Last Sold

      Jul 2015
      $175K

    • Property Type

      Commercial (General)
      Built 1910
    View Property Analytics
    Turnkey Coffee & Wine Bar Building
    Updated: Apr 20
    Turnkey Coffee & Wine Bar Building

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft
    Turnkey business operating at 2 W. Sheridan St. in a leased building plus supporting hub at 36 W. Sheridan St.
    Premier coffee & wine bar at 2 W. Sheridan St., described as a downtown anchor with small‑batch coffee and a wine collection.
    Roasting Room at 36 W. Sheridan St. includes a 5 lb Mill City Roaster and full commercial bakery and kitchen for grab & go menu items.
    Two upper‑level 1‑bedroom, 1‑bath residential units above the 36 W. Sheridan storefront with off‑street parking and garden/gazebo access.
    Society Hall is a professional co‑working and event space at the 36 W. Sheridan location (not currently leased, but can be).
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Caribou Coffee Cabin Concept
    New Caribou Coffee Cabin Concept

    100 Paul Bunyan Drive Northwest, Bemidji, MN 56601

    $1,353,383
    554 sqft

    New drive-thru Caribou Coffee on high-traffic corridor near university.

    View details
    Coffee Cafe with Drive-Through
    Coffee Cafe with Drive-Through

    24217 State Road 35 70, Siren, WI 54872

    $875,000

    Renovated coffee cafe with drive-through service, recently updated parking, and on-site rental cabins.

    View details
    Flexible Retail and Office Space
    Flexible Retail and Office Space

    207 2nd St Nw, Bemidji, MN 56601

    Contact for pricing

    Well-finished interior with an open front area, private restroom, break room, and fireplace, currently used with coffee seating.

    View details
    Multi-Tenant Retail Mini Mall
    Multi-Tenant Retail Mini Mall

    7711 Park St, Siren, WI 54872

    Contact for pricing

    Mini mall offering five on-site retail and service businesses in Siren, Wisconsin, including coffee, spa, gallery, and gift uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Undeveloped Lot in Business District
    Undeveloped Lot in Business District

    932 W Broadway Avenue, Forest Lake, MN 55025

    $275,000
    0.45 AC lot

    High-visibility commercial land in the heart of Forest Lake.

    View details
    Commercial Land with Existing Building
    Commercial Land with Existing Building

    909 S Stephenson Avenue, Iron Mountain, MI 49801

    $250,000
    2,335 sqft 0.20 AC lot

    A zoned commercial site with a 72-by-120 lot and an older 2,335 SF building on a main thoroughfare.

    View details
    Prime Land in Rapid River
    Prime Land in Rapid River

    7683 US2 Highway, Rapid River, MI 49878

    $49,900
    1.97 AC lot

    Commercial land with high traffic exposure in Rapid River, MI.

    View details
    Commercial Land
    Commercial Land

    Premier Drive, Mankato, MN 56001

    $300,000
    0.75 AC lot

    .75-acre out lot positioned along Highway 22 in front of Fleet Farm between Victory Drive and Highway 14.

    View details

    Ely, MN Coffee Shops Market Trends and Statistics

    Explore 2 coffee shops for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 8,700 square feet of properties for sale, with an estimated market value of $1,958,000.

    Sale prices for Сoffee kiosks in Ely, MN average $979,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 2
    Conventional restaurants 1

    Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    High-Yield Neighborhoods for Investment

    Identify Ely submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55731 $979K

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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