2 W Sheridan St, Ely, MN 55731

Listing office Canoe Capital Realty, LLC k***@gmail.com Show Phone

Listing date Apr 20, 2026

Source Exprealty

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Similar Places Nearby

• Barkhouse Bistro — 141 E Chapman St, Ely, MN 55731
• Brainstorm Bakery/Crapola World Headquarters — 402 E Sheridan St, Ely, MN 55731

Location Insight

• Map
• Local Demand

City

Ely

County

St. Louis

State

Minnesota

Longitude

-91.8670812

Latitude

47.9031303

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FAQs

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 asking price?

The asking price for this property 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.