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Mixed-Use Building in Downtown Ely

216 E Sheridan St Ely, MN

216 E Sheridan St, Ely, MN, 00000
Contact for pricing
For Sale
Contact for pricing

Two-story building with restaurant and four apartments in Ely.

Property Size8,078 SF
Lot Size0.14 Acres
Price / SF$48.28
Days on Market719

Property Features for 216 E Sheridan St

General Information

Standard status
Active
Size
8,078 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency Sunbelt Business Advisors
Listed by Tony Bodway
Source Moodyscre
Added: Aug 1, 2024 Checked: Jul 20 at 2:24 am

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 Sunbelt Business Advisors


Investment Insights

Based on property information with market context.

This two-story building is located in downtown Ely, situated on Highways 1/169. The property features a 4,014 square foot restaurant with seating for 150. Additionally, the building includes four residential rental units located on the second floor; three of the four units are currently rented. The property is a multi-purpose commercial real estate opportunity.

Key Highlights

  • Prime downtown Ely location on Highways 1/169.
  • Multi‑purpose commercial real estate with restaurant and apartments.
  • Restaurant space of 4,014 sq. ft. with seating for 150.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ely Steak House Restaurant

Suggested Use

Parking Lot & Garage Law Firm Auto Repair Shop HVAC Service Auto Parts Store Kitchen & Bath Showroom Big Box & Wholesale Store Furniture & Home Goods Plumbing Service Garden Center

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

FAQs

What type of property is this?
Restaurant - Two-story building with restaurant and four apartments in Ely.
Where is this restaurant located?
The property is located at 216 E Sheridan St Ely, MN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Prime downtown Ely location on Highways 1/169.; Multi‑purpose commercial real estate with restaurant and apartments.; Restaurant space of 4,014 sq. ft. with seating for 150.
Contact an agent
(952) 681-9281 Call to check price and availability
More about this property
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