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    Ely, MN
    Duplex

    Ely, MN Duplexes 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
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    Retail Building with Apartments
    Updated: Jul 19
    Retail Building with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000
    Prime location on Sheridan Street with high traffic exposure.
    Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    3,000+ sq ft commercial building with four large display windows, ideal for retail.**
    Potential to divide retail space into two separate units.
    Located in a tourism‑rich area near the Boundary Waters.
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    Turnkey Coffee & Wine Bar Building
    Turnkey Coffee & Wine Bar Building

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft

    Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.

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    Retail Building with Dual Income
    Retail Building with Dual Income

    120 E Sheridan Street, Ely, MN 55731

    $219,000
    2,994 sqft

    Commercial building offers four display windows, off-street parking, divisible retail, and two 1-bedroom apartments.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Duplex with Garage and Large Yard
    Duplex with Garage and Large Yard

    205 Fayal Rd, Eveleth, MN 55734

    $99,900
    1,650 sqft

    Wood-frame duplex in Res zoning with two 2-bedroom units, laundry in lower unit, and garage-area parking.

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    Seven-Bedroom Duplex
    Seven-Bedroom Duplex

    824 13th St. N, Virginia, MN 55792

    $71,900
    1,496 sqft

    Residential income property with R zoning and a required three-property sale structure.

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    Fully Rented Duplex
    Fully Rented Duplex

    118 2nd St. S, Virginia, MN 55792

    $56,900
    742 sqft

    Wood-frame duplex with natural-gas heat, recent HVAC and plumbing improvements, and an established two-unit layout.

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    Duplex with Basement Laundry
    Duplex with Basement Laundry

    612 Adams Ave, Eveleth, MN 55734

    $97,900
    1,822 sqft

    Well-maintained duplex with two bedrooms and one bath per unit, plus basement laundry for each unit.

    View details

    Ely, MN Duplexes Market Trends and Statistics

    Explore 4 duplexes for sale in Ely, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 11,694 square feet of properties for sale, with an estimated market value of $2,396,000.

    Sale prices for duplexes in Ely, MN start at $219,000, averaging $599,000, and reaching up to $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

    Duplexes 4
    Apartment buildings 1
    Quadplexes 1
    Short term rental properties 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 $472.3K

    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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