137 E Sheridan St Active Save Request In-Person Tour Request Virtual Tour
Ely,MN 55731
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 6117649
Year Built 1905
Annual Tax Amount $6,118
Tax Year 2025
Lot Size 6,098 Sqft
Property Sub-Type Commercial
Property Description
Pristine commercial building in Ely's sought after downtown location! Endless opportunities are possible for this meticulously maintained +/- 4,200 sq. ft. retail space in the heart of Ely. Currently the home of Pengals Basswood Trading Company, the building presents an excellent investment opportunity and could easily be converted into multiple business spaces with the option of restoring the previous living quarters on the second floor. While the original structure was built in the early 1900's, expansion projects occurred in 1983 and 1987 increasing the retail floor by over 1000 sq. ft. Updates include Marvin windows, a metal roof, efficient 3-phase 220 electrical power with 200-amp panel, radiant heat ceiling panels, central air, new entry door, new flooring, updated plumbing and much more! Other features include large storage/inventory areas, kitchen, ½ bath, off-street parking, and private offices. This inviting and highly attractive property has been home to a magnificently successful business and staple of the Ely community for many decades. Make this the future home of your next business venture in the Northwoods!
Location
State MN
Area Lsar
Interior
Heating Forced Air,Radiant,Oil,Electric
Cooling Central
Exterior
Exterior Feature Vinyl,Wood
Roof Type Metal
Building
Sewer City
Water City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional