137 E Sheridan St
Ely, Minnesota, 55731, United States
4,200
ft²
0.14
acres
-
beds
-
baths
Property Provided By
- Kate Davies
- Bear Island Realty LLC
- +1 (218) 343-9173
Connect with local buyer agents who are willing to offer commission savings!
Property Information
Pristine commercial building in Ely’s sought after downtown location! Endless opportunities are possible for this meticulously maintained +/- 4,200 sq. ft. retail space in the heart of Ely. Currently the home of Pengals Basswood Trading Company, the building presents an excellent investment opportunity and could easily be converted into multiple business spaces with the option of restoring the previous living quarters on the second floor. While the original structure was built in the early 1900’s, expansion projects occurred in 1983 and 1987 increasing the retail floor by over 1000 sq. ft. Updates include Marvin windows, a metal roof, efficient 3-phase 220 electrical power with 200-amp panel, radiant heat ceiling panels, central air, new entry door, new flooring, updated plumbing and much more! Other features include large storage/inventory areas, kitchen, ½ bath, off-street parking, and private offices. This inviting and highly attractive property has been home to a magnificently successful business and staple of the Ely community for many decades. Make this the future home of your next business venture in the Northwoods!
Directions
On Sheridan St. in Ely.
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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 2026-09-15 19:48:28. 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
- Kate Davies
- Bear Island Realty LLC
- +1 (218) 343-9173
Connect with local buyer agents who are willing to offer commission savings!
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