$285,000
120 E Sheridan St Ely, MN 55731
For Sale MLS# 6121668
3,760 sq ft Commercial
Details for 120 E Sheridan St
MLS# 6121668
Description for 120 E Sheridan St, Ely, MN, 55731
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: Many visitors pause in Ely for gear, dining, or last-minute supplies—creating a natural consumer flow for retail storefronts.
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 1
Lot Size: 0.15 Acres
Square Feet: 3,760 sq ft
Year Built: 1910
Stories: 2 Story
Construction: Frame/Wood
Number Of Units Total: 3
County: St. Louis
Utilities
Water: City
Sewer: City
Cooling: Central
Heating: Forced Air, Oil
Exterior / Lot Features
Parking Description: Unassigned, Uncovered/Open
Exterior: Wood
Roof: Flat
Lot Dimensions: 126x51
Additional Exterior/Lot Features: Road Frontage - Highway, City
Unit Information
Unit 1 Baths Total: 1
Unit 1 Rooms Total: 2
Unit 2 Rooms Total: 2
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 3
Unit 4 Beds Total: 1
Unit 4 Rooms Total: 3
Driving Directions
Sheridan Street 2 block east of Central and Sheridan
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 030-0010-01100
Tax Amount: 4294
Tax Year: 2025
A broker reciprocity listing courtesy: Z' Up North Realty - Andrea Zupancich
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Duluth Area Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Duluth Area Association of REALTORS® MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Duluth Area Association of REALTORS® MLS. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 120 E Sheridan St
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 120 E Sheridan St
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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