Mixed-Use Building with
For Sale
$219,000
120 E Sheridan St, Ely, MN 55731
Retail frontage offers four display windows, off-street parking, and additional residential income potential.
Property Size2,994 SF
Price / SF$73.15
Days on Market41
Property Features for 120 E Sheridan St
General Information
Standard status
Active
Size
2,994 SF
Site & Location
Traffic Count
7,700 vehicles/day
Road Access
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Amenities
display windows
off-street parking
Building Details
Year Built
1910
Listing Agency:
Z'Up North Realty, Inc.
(218) 827-2288
Listed By:
Andrea Zupancich · License #40149923
Source:
Searchhousesnow
Added: Jul 21
Changed: Aug 27
Last Checked: Aug 29 at 11:35AM
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 Z'Up North Realty, Inc.
Investment Insights
Based on property information with market context.
The property is a mixed-use building at 120 E Sheridan St in Ely, Minnesota, combining commercial space with two rentable one-bedroom apartments. The retail component includes four large display windows and can be configured as two separate units. Off-street parking is also available. Constructed in 1910, the building contains both storefront and residential components within one property.
Sheridan Street carries approximately 7,700 vehicles per day and serves as a commercial route through Ely. The surrounding area includes shops, outfitters, galleries, and eateries, with customer activity supported by local residents and visitors traveling to Boundary Waters Canoe Area Wilderness, state parks, resorts, and other outdoor recreation destinations.
Sheridan Street carries approximately 7,700 vehicles per day and serves as a commercial route through Ely. The surrounding area includes shops, outfitters, galleries, and eateries, with customer activity supported by local residents and visitors traveling to Boundary Waters Canoe Area Wilderness, state parks, resorts, and other outdoor recreation destinations.
Key Highlights
- Mixed‑use building with commercial space and two rentable 1‑bedroom apartments
- Retail area can be divided into two separate units
- Four large display windows provide storefront merchandising space
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
7,700 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 55731, MN
5,494
Population
4,954
Households
1.1
Avg Household Size
54
Median Age
41%
College-Educated
94%
High-School Grad
1,606.7 sq mi
ZIP Area
3
Density / Sq Mi
$62,900
Median Household Income
$31,840
Median Earnings
$641
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail frontage offers four display windows, off-street parking, and additional residential income potential.
Where is this mixed-use property located?
The property is located at 120 E Sheridan St Ely, MN.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Mixed‑use building with commercial space and two rentable 1‑bedroom apartments; Retail area can be divided into two separate units; Four large display windows provide storefront merchandising space
