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Property profile & analytics
FOR SALE
Commercial real estate
429 E Sheridan St Ely, MN 55731
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US46-0732980
For Sale
1 / 68
$219,000
429 E Sheridan St, Ely, MN 55731
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
LOG
Total area
605 SF
APN
030-0370-00750
UPID
US46-0732980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Women's Wilderness Discovery Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Womens Wilderness Discovery L · 9 yrs held
Womens Wilderness Discovery L
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ely submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ely submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,564
Tax year 2024
Assessed value
$84,200
Assessed 2022
Previous assessed
$84,200
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$25,300
Assessed improvement
$58,900
Land market value
$25,300
Improvement market value
$58,900
Total market value
$84,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1997
Construction
LOG
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
1
Total area
605 SF
APN
030-0370-00750
UPID
US46-0732980
Jurisdiction
ST LOUIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
LOG
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Current owner
From public records · entity-resolved
Womens Wilderness Discovery L
Individual
Mailing address
13819 OTTER RD, ELY, MN 55731-8329
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2019
—
Womens Wilderness Discovery L
—
Deed
related
—
Jul 19, 2016
$85,000
Womens Wilderness Discovery L
Perkins,edward M & Melissa G
Warranty Deed
$65,000 · Frandsen Bk&tr
May 17, 2012
$100,000
Melissa G Perkins
Chernak,bruce R & Gail S
Grant Deed
—
—
—
Womens Wilderness Discovery L
—
Loan Modification
related
—
—
—
Ledgerock
—
Deed Of Trust
related
$12,500 · Pottery City/ely Storefront Re
—
—
Bruce R Chernak
—
Deed Of Trust
related
$25,000 · Boundary Waters Bank
—
—
Bruce R Chernak
—
Deed Of Trust
related
$80,000 · Northview Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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