137 E Sheridan St, Ely, MN 55731

Building Details

Year Built

1905

Listing agent Kate Davies

Listing office Bear Island Realty LLC Show Phone

Listing date Jan 27, 2025

Source Xome

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Overview

Located in downtown Ely, this commercial building offers approximately 4,200 square feet of retail space. The property is currently configured as a single retail space but could be converted into multiple business spaces, with the option of restoring previous living quarters on the second floor. Expansion projects in 1983 and 1987 increased the retail floor space by over 1000 square feet. The building features Marvin windows, a metal roof, efficient 3-phase 220 electrical power with a 200-amp panel, radiant heat ceiling panels, and central air. Additional updates include a new entry door, new flooring, and updated plumbing. Other features include large storage/inventory areas, a kitchen, a half bath, off-street parking, and private offices. The original structure was built in the early 1900s.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Ely

County

St. Louis

State

Minnesota

Longitude

-91.8695061

Latitude

47.9034371

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FAQs

What type of property is this?

Retail space - Meticulously maintained 4,200 sq ft retail space in Ely.

Where is this retail space located?

The property is located at 137 E Sheridan St Ely, MN.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Prime downtown Ely location in a sought‑after area.; Meticulously maintained +/- 4,200 sq. ft. retail space with potential for multiple business spaces.; Option to restore previous living quarters on the second floor.