342 E Sheridan Street Ely, MN 55731
Pending MLS# 6374678
2,240 sq ft Commercial
Details for 342 E Sheridan Street
MLS# 6374678
Description for 342 E Sheridan Street, Ely, MN, 55731
This is an amazing turnkey business opportunity in Ely, Minnesota. With over 22 years of successful operations by the retiring owners, this laundromat has been kept up-to-date and well-maintained. There are 14 dryers, 9 top-loading washers, 8 front-loading washers, 2 triple-load washers, and 1 double-load washer. Nice clean 11x19 sitting/folding area with a flat-screen TV and plenty of counter space. Along with equipment upgrades, recent building upgrades include floor and ceiling tile in the main laundry area, vinyl siding, a new roof, air conditioning for the commercial laundry basement area, and newly installed plumbing pipes. There are 17+ resorts and personal accounts that contribute to its success with daily traffic counts of 7700 cars per day on Sheridan St. The property also features a spacious 3-bedroom furnished apartment which can be used as an extra income source or can be used as owner's quarters. Don't miss out on this unique chance to own your own business!
Listing Information
Property Type: Commercial, Other
Status: Pending
Bathrooms: 1
Lot Size: 0.14 Acres
Square Feet: 2,240 sq ft
Year Built: 1910
Foundation: 2,240 sq ft
Stories: 2 Stories
Subdivision: Whitesides Add To The Town Of Ely
Number Of Units Total: 1
Current Use: Laundromat
County: St. Louis
Days On Market: 472
Construction Status: Previously Owned
School Information
District: 696 - Ely
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common
Heating: Forced Air, Propane
Exterior / Lot Features
Open Parking: 10
Parking Description: Paved Lot
Exterior: Vinyl
Roof: Asphalt Shingles
Lot Dimensions: 125.00 x 50.00
Zoning: Business/Commercial
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Fixture/Equipment, Road Frontage - City
Driving Directions
From Ely City Limits, keep going east to second stop light. Located at the end of the block past the stop light on the south side of the street.
Financial Considerations
Other Annual Tax: $125
Tax/Property ID: 030037001030
Tax Amount: 2521
Tax Year: 2023
HomeStead Description: Non-Homesteaded
Price Changes
| Date | Price | Change |
|---|---|---|
| 07/26/2024 12.22 PM | $300,000 | -$39,000 |
| 05/24/2024 07.32 PM | $339,000 | -$10,000 |
| 03/16/2024 08.17 AM | $349,000 | -$16,000 |
| 11/15/2023 09.00 AM | $365,000 | -$35,000 |
| 05/22/2023 07.14 PM | $400,000 |
A broker reciprocity listing courtesy: z'Up North Realty, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. 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 Regional Multiple Listing Service of Minnesota, Inc. 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 2024 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 342 E Sheridan Street
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 342 E Sheridan Street
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| Schools nearby | Grades | Distance | Rating |
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Data powered by ATTOM Data Solutions. Copyright© 2024. 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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