$450,000
1600 E Sheridan St Ely, MN 55731
For Sale MLS# 6124106
1,353 sq ft Commercial
Details for 1600 E Sheridan St
MLS# 6124106
Description for 1600 E Sheridan St, Ely, MN, 55731
Seize a rare opportunity to own a one-of-a-kind commercial property in the heart of Ely, Minnesota — the gateway to the Boundary Waters Canoe Area Wilderness. Situated on a prominent corner lot at the intersection of bustling Sheridan Street and Highway 1, adjacent to the local grocery store, one of the highest traffic anchors in town, this distinctive log building offers maximum visibility, easy access, and unmatched exposure. Set on approximately one acre of commercially zoned land, the property offers ample room to expand, providing long-term flexibility for growth. The natural log construction lends an authentic Northwoods aesthetic that resonates deeply with both the local community and many outdoor enthusiasts, anglers, and adventurers who pass through Ely each year. Ely is Northern Minnesota's premier four-season destination, drawing visitors for BWCA canoe trips, ice fishing, dog sledding, hiking, and fall foliage — and a growing wave of remote workers and retirees choosing small-town Northwoods living. Prime commercial corners in Ely rarely come to market, making this a standout opportunity for investors and business owners alike.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 1 Acres
Square Feet: 1,353 sq ft
Construction: Log Home
Number Of Units Total: 1
County: St. Louis
Utilities
Water: City
Sewer: City
Heating: Forced Air, Propane
Exterior / Lot Features
Parking Description: Driveway - Asphalt
Exterior: Stone, Log
Roof: Asphalt Shingles
Lot Dimensions: Irregular
Unit Information
Unit 1 Baths Total: 1
Unit 1 Rooms Total: 6
Driving Directions
Located on the corner of E Sheridan Street and Highway 1 in downtown Ely, MN.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 030-0500-00392
Tax Year: 2026
A broker reciprocity listing courtesy: Keller Williams Classic Realty NW - Ely - Lori Schulze
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 1600 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 1600 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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