120 E Sheridan St
Ely, Minnesota, 55731, United States
3,760
ft²
0.15
acres
-
beds
-
baths
Property Provided By
- Andrea Zupancich
- Z' Up North Realty
- +1 (218) 749-0159
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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.
Directions
Sheridan Street 2 block east of Central and Sheridan
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lake Superior Area REALTORS®, 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. Information deemed reliable but not guaranteed. Copyright ©2026 Lake Superior Area REALTORS®, Inc. All rights reserved.
Information herein is deemed reliable but not guaranteed and 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. This content last updated on 2026-11-08 01:47:37. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
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Property Provided By
- Andrea Zupancich
- Z' Up North Realty
- +1 (218) 749-0159
Connect with local buyer agents who are willing to offer commission savings!
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