Mixed-Use Property with
For Sale
$219,000
120 E Sheridan Street, Ely, MN 55731
COMMERCIAL/INDUSTRIAL, Ely, MN
Property SizeContact for details
Days on Market45
Property Features for 120 E Sheridan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com
Parking features
Offsite
Lot features
Downtown Area
Subdivision
Ely/Winton
Standard status
Active
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1910
Building materials
Wood Frame, Concrete
Roof type
Flat
Listing Agency:
z' Up North Realty
(218) 827-2288
Listed By:
Andrea Zupancich · License #40149923
(218) 827-2288
Added: Jul 19
Changed: Aug 29
Last Checked: Sep 1 at 7:06AM
MLS# 148955
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Investment Insights
Based on property information with market context.
This mixed-use property at 120 E Sheridan Street combines a commercial building of 3,000+ square feet with two rentable one-bedroom apartments. The commercial area includes four large display windows and can be divided into two separate units, supporting flexible occupancy arrangements. The building dates to 1910 and features wood-frame and concrete construction, forced-air heating, central air, and a flat roof.
The property is positioned on Sheridan Street, identified as Ely’s principal business corridor, with approximately 7,700 vehicles passing daily. Surrounding businesses include shops, outfitters, galleries, and eateries, while the area also serves visitors traveling toward the Boundary Waters Canoe Area Wilderness, state parks, resorts, and other outdoor recreation destinations. Zoning is listed as com.
The property is positioned on Sheridan Street, identified as Ely’s principal business corridor, with approximately 7,700 vehicles passing daily. Surrounding businesses include shops, outfitters, galleries, and eateries, while the area also serves visitors traveling toward the Boundary Waters Canoe Area Wilderness, state parks, resorts, and other outdoor recreation destinations. Zoning is listed as com.
Key Highlights
- 3,000+ square foot mixed‑use building with commercial space and two rentable 1‑bedroom apartments
- Commercial area can be separated into two distinct units
- Four large display windows face the business corridor
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 - Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.
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 $219,000.
What are key features of this property?
This property features: 3,000+ square foot mixed‑use building with commercial space and two rentable 1‑bedroom apartments; Commercial area can be separated into two distinct units; Four large display windows face the business corridor
