120 E Sheridan Street Ely, MN 55731
- Added:
- Mar 27, 2026
- Days on Market:
- 12
- Last Refresh:
- Apr 7 at 5:06 am
Property Features for 120 E Sheridan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- com
- Rooms
- Basement
- Parking
- 5
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 030-0010-01100
- Size
- 3,768 SF
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Roof type
- Flat
- Architectural style
- Other
Listing agent Andrea Zupancich (218) 827-2288
Listing office z' Up North Realty 33 Central Blvd, Babbitt, MN (218) 827-2288
Listing date Mar 27, 2026
MLS# 148955
Listing URL
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.
Overview
Ely Mixed-Use Income Property
Located on Sheridan Street in Ely, Minnesota, this mixed-use property offers both commercial and residential income potential. The commercial building, with over 3,000 square feet of space, is situated on Ely’s principal business corridor and features four large display windows. The retail space can be divided into two separate units. The property also includes two rentable one-bedroom apartments. Sheridan Street sees approximately 7,700 vehicles per day, benefiting from Ely’s tourism traffic, including visitors heading to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and other outdoor recreation destinations. The property is surrounded by shops, outfitters, galleries, and eateries, attracting both local residents and tourists. There is ample off-street parking available.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Cabin
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Ely
- County
- St. Louis
- State
- Minnesota
- Longitude
- -91.864773
- Latitude
- 47.903041
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial building with income-generating apartments in high-traffic location.
Where is this mixed-use property located?
The property is located at 120 E Sheridan Street Ely, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: High‑traffic location on Sheridan Street (7,700 vehicles/day) in Ely's main business corridor, ideal for attracting customers.; Dual income potential from commercial space and two rentable 1‑bedroom apartments.; Versatile commercial space divisible into two separate units for multiple tenants or increased rental income.
