Improved Restaurant with
For Sale
$1,100,000
302 E Sheridan Street, Ely, MN 55731
COMMERCIAL/INDUSTRIAL, Ely, MN
Property Size5,000 SF
Price / SF$220
Days on Market52
Property Features for 302 E Sheridan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com
Lot features
Downtown Area
Subdivision
Ely/Winton
Standard status
Active
Additional Details
Currently Operating
Yes
Utilities
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Building Details
Building materials
Wood Frame
Roof type
Rubber
Listing Agency:
z' Up North Realty
Listed By:
Andrea Zupancich · License #40149923
(218) 827-2288
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 30 at 1:06PM
MLS# 150664
Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The Frisky Otter Pub & Eatery is a 5,000-square-foot restaurant and bar at 302 E Sheridan Street in Ely. The property includes a commercial kitchen, dining areas, bar service, a large patio, outdoor games, and space for live music. Building, bar, and kitchen improvements have been completed, while central air conditioning and propane forced-air heating support year-round operation.
The property occupies a corner location in Ely, with downtown, trails, and lakes forming part of the surrounding setting. Its operating format combines indoor dining and beverage service with outdoor seating and entertainment areas. The wood-frame building has a rubber roof and is zoned com.
The property occupies a corner location in Ely, with downtown, trails, and lakes forming part of the surrounding setting. Its operating format combines indoor dining and beverage service with outdoor seating and entertainment areas. The wood-frame building has a rubber roof and is zoned com.
Key Highlights
- 5,000‑square‑foot restaurant and bar property
- Building, bar, and kitchen improvements completed
- Large patio with outdoor games and live music area
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated restaurant space includes a bar, kitchen, and outdoor patio.
Where is this conventional restaurant located?
The property is located at 302 E Sheridan Street Ely, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,000‑square‑foot restaurant and bar property; Building, bar, and kitchen improvements completed; Large patio with outdoor games and live music area
