Mixed-Use Property With
For Sale
Contact for pricing
Pending
420 E Sheridan St, Ely, MN 55731
Two-level commercial layout combines salon, offices, meeting space, and a three-bedroom residential unit.
Property SizeContact for details
Days on Market145
Property Features for 420 E Sheridan St
General Information
Standard status
Pending
Property subtype
Mixed Use, Business for Sale
Units
Multifamily Units
1
Office Units
1
Additional Details
Floor
Main Floor
Building Details
Year Renovated
2016
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Wildwoods Land Company
(218) 365-3451
Listed By:
Mark Larson · License #MN 40037736
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 2:30PM
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 Wildwoods Land Company
Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor beauty salon with a three-bedroom apartment above. The commercial level includes a generous customer-facing area, three enclosed offices, a conference room, and a rear kitchen area, creating a varied layout for retail and office functions.
Building updates include a propane-fueled heating system installed in January 2014, along with replacement flooring, windows, siding, and wiring completed since 2007. A metal roof was added in 2016. The property is located at 420 E Sheridan St in Ely, Minnesota. The main-floor lease was scheduled to continue through November 1, 2021, with incremental rent increases, and applicable tenant lease obligations are to be honored.
Building updates include a propane-fueled heating system installed in January 2014, along with replacement flooring, windows, siding, and wiring completed since 2007. A metal roof was added in 2016. The property is located at 420 E Sheridan St in Ely, Minnesota. The main-floor lease was scheduled to continue through November 1, 2021, with incremental rent increases, and applicable tenant lease obligations are to be honored.
Key Highlights
- Mixed‑use configuration with a beauty salon and 3‑bedroom apartment
- Ground floor includes front retail area, 3 private offices, conference room, and kitchen area
- Propane furnace heating system installed January 2014
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial layout combines salon, offices, meeting space, and a three-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 420 E Sheridan St Ely, MN.
What are key features of this property?
This property features: Mixed‑use configuration with a beauty salon and 3‑bedroom apartment; Ground floor includes front retail area, 3 private offices, conference room, and kitchen area; Propane furnace heating system installed January 2014
