Turnkey Coffee & Wine Bar
2 W Sheridan St, Ely, MN 55731
For Lease
$979,000
Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.
Space SizeContact for details
Days on Market205
Property Features for 2 W Sheridan St
General Information
Standard status
Additional Details
Business Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Canoe Capital Realty, LLC
(218) 365-8689
Listed By:
Kerry Davis · License MN #40208514
(218) 235-1084
Source:
Exprealty
Added: Apr 20
Changed: Oct 26
Last Checked: Nov 8 at 8:22AM
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 Canoe Capital Realty, LLC
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Investment Insights
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This turnkey sale combines a leased commercial operation with a separate production hub. The Premier Coffee & Wine Bar operates in the leased building, while the roasting and culinary functions are housed at 36 W. Sheridan St. The Roasting Room includes a 5lb Mill City Roaster and a full commercial bakery and kitchen designed for grab-and-go menu items. The offering also includes Society Hall, a light-filled co-working and event space that is not currently leased.
The assemblage is located in Ely, Minnesota, including the business at 2 W. Sheridan St. and the production hub at 36 W. Sheridan St. The upper level above the 36 W. Sheridan storefront features two well-appointed residential units, each with one bedroom, one bathroom, off-street parking, and access to a private landscaped garden and gazebo.
This is a strong fit for an owner-operator or hospitality-focused group seeking to run coffee and wine service alongside roasting and in-house bakery production. The layout also supports a blended use strategy with an on-site co-working/event space and optional live/work flexibility through the two residential units that can serve commercial use or continued employee housing.
The assemblage is located in Ely, Minnesota, including the business at 2 W. Sheridan St. and the production hub at 36 W. Sheridan St. The upper level above the 36 W. Sheridan storefront features two well-appointed residential units, each with one bedroom, one bathroom, off-street parking, and access to a private landscaped garden and gazebo.
This is a strong fit for an owner-operator or hospitality-focused group seeking to run coffee and wine service alongside roasting and in-house bakery production. The layout also supports a blended use strategy with an on-site co-working/event space and optional live/work flexibility through the two residential units that can serve commercial use or continued employee housing.
Key Highlights
- Turnkey business operating at 2 W. Sheridan St. in a leased building plus supporting hub at 36 W. Sheridan St.
- Premier coffee & wine bar at 2 W. Sheridan St., described as a downtown anchor with small‑batch coffee and a wine collection.
- Roasting Room at 36 W. Sheridan St. includes a 5 lb Mill City Roaster and full commercial bakery and kitchen for grab & go menu items.
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Barkhouse Bistro — 141 E Chapman St, Ely, MN 55731
- Brainstorm Bakery/Crapola World Headquarters — 402 E Sheridan St, Ely, MN 55731
Frequently Asked Questions
What type of property is this?
Coffee shop - Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.
Where is this coffee shop located?
The property is located at 2 W Sheridan St Ely, MN.
What is the lease rate?
The lease rate is $979,000.
What are key features of this property?
This property features: Turnkey business operating at 2 W. Sheridan St. in a leased building plus supporting hub at 36 W. Sheridan St.; Premier coffee & wine bar at 2 W. Sheridan St., described as a downtown anchor with small‑batch coffee and a wine collection.; Roasting Room at 36 W. Sheridan St. includes a 5 lb Mill City Roaster and full commercial bakery and kitchen for grab & go menu items.
