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Additional details
Listed by Lori Schulze • Keller Williams Classic Realty NW - Ely
$419,900
Est. payment /mo
1 Bath
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 6117530
Half Baths 1
Year Built 1913
Annual Tax Amount $4,277
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Mixed Use
Property Description
Introducing 401 E Sheridan St, a prime retail and residential opportunity in the heart of Ely, MN. This historic 6,486 SF free-standing building offers a versatile layout with a main-level retail space currently operating as a liquor store, a 1,666 SF basement used for storage, and a spacious second-level apartment featuring four bedrooms, two bathrooms, a private deck, and a detached garage. Built in 1913, this character-filled property exudes timeless appeal while being ideally situated in a C-1 zoned area, allowing for a variety of potential uses, including retail, restaurant, lounge/bar, grocery, or office space. Nestled in the scenic Northwoods, Ely is known for its strong sense of community, outdoor recreation, and cultural attractions, with the Boundary Waters Canoe Area, International Wolf Center, and Ely Arts & Heritage Center just minutes away. With its historic charm, prime location, and exceptional redevelopment potential, this property presents an exciting opportunity to reimagine a piece of Ely's history for future generations.
Location
State MN
Area Lsar
Rooms
Basement Full, Slab
Interior
Heating Boiler, Ductless/Mini Split, Electric
Cooling Ductless Mini Split
Exterior
Exterior Feature Brick, Vinyl, Wood
Roof Type Asphalt Shingles,Rubber
Building
Sewer City
Water City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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