17-Unit Motel with Owner's
For Sale
Contact for pricing
Pending
1047 E Sheridan St, Ely, MN 85006
Hospitality property with guest rooms, separate rental housing, on-site parking, and recently updated major systems.
Property SizeContact for details
Days on Market144
Property Features for 1047 E Sheridan St
General Information
Standard status
Pending
Total Parking Spaces
17
Property subtype
Hospitality, Business for Sale
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
Bear Island Land Co
(218) 349-0906
Listed By:
Jeff Hway · License #MN 20120898
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bear Island Land Co
Investment Insights
Based on property information with market context.
This established motel operation includes 17 guest units, a lobby and office, 17 parking spaces, and a two-stall garage. The room mix comprises seven rooms with one queen bed, seven rooms with two queen beds, and three rooms with three queen beds. Guest rooms are equipped with mini refrigerators, microwaves, and coffee makers.
The property also includes a private two-story, four-bedroom owner's residence and a separate two-bedroom home next door that is used for nightly rentals. Recent improvements include electrical, plumbing, and heating system updates, along with added solar panels and tubes. The motel is located on Ely's main street in Ely, MN.
The property also includes a private two-story, four-bedroom owner's residence and a separate two-bedroom home next door that is used for nightly rentals. Recent improvements include electrical, plumbing, and heating system updates, along with added solar panels and tubes. The motel is located on Ely's main street in Ely, MN.
Key Highlights
- 17 motel units with 17 parking spaces
- Room mix includes 7 one‑queen, 7 two‑queen, and 3 three‑queen rooms
- Private two‑story, 4‑bedroom owner's quarters
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Questions? Ask Rey
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Similar Off Market Nearby
- Ely's Historic State Theater — 238 E Sheridan St, Ely, MN 55731
- events in ely | ely, mn 55731 — 127 E Sheridan St, Ely, MN 55731
- The Ely House — E Camp St, Ely, MN 55731
- Burntside Camp Retreat — 738 E Camp St, Ely, MN 55731
- Stokes Bay Resort — 738 E Camp St, Ely, MN 55731
Frequently Asked Questions
What type of property is this?
Motel - Hospitality property with guest rooms, separate rental housing, on-site parking, and recently updated major systems.
Where is this motel located?
The property is located at 1047 E Sheridan St Ely, MN.
What are key features of this property?
This property features: 17 motel units with 17 parking spaces; Room mix includes 7 one‑queen, 7 two‑queen, and 3 three‑queen rooms; Private two‑story, 4‑bedroom owner's quarters
