120 E Sheridan Street,Ely, MN 55731
Ely, MN 55731
Description
Strategic Commercial + Income Property on Sheridan Street, Ely - Exceptional Traffic & Dual Rental Potential. 3,000+ sq ft commercial building available for the first time. Plenty of off-street parking as well! Located on Ely's principal business corridor it features four large display windows, making it an ideal space for showcasing merchandise. Surrounded by shops, outfitters, galleries, and eateries-this property taps into both local residents and transient recreation customers. Dual Income Streams: Property includes two rentable 1-bedroom apartments, generating extra income alongside commercial use. The retail space easily divides into two separate units-ideal for multiple tenants or increased rental turnover. Traffic Exposure: Sheridan Street boasts approximately 7,700 vehicles per day, driven by Ely's strong tourism traffic-including visitors en route to the Boundary Waters Canoe Area Wilderness, state parks, resorts, and outdoor recreation destinations. Ely is a Tourism Magnet
Details
| MLS # | 6785343 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 350 |
| Listing Provided By | Z'Up North Realty, Inc. | Andrea Zupancich |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,994 |
| Basement | Y |
| Units | 4 |
| Zoning | Business/Commercial |
| Acreage | 0.15 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Wood Siding |
Parking
| Parking Features | Other, Parking Lot, Unassigned |
|---|
Utilities
| Utilities | Heating Separate, Hot Water Separate |
|---|
Taxes
| Property | 4294 |
|---|
Area Information
| State | MN |
|---|---|
| County | St. Louis |
| City | Ely |
| Zip Code | 55731 |
| Community Name | Ely |
| School District | 696 |
| High School | Ely |
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 26, 2026 at 6:12:59 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MN |
|---|---|
| County | St. Louis |
| City | Ely |
| Zip Code | 55731 |
| Community Name | Ely |
| School District | 696 |
| High School | Ely |
Coldwell Banker Crown Realtors | (320) 762-2172 | 40733026
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
