137 E Sheridan StEly, MN 55731
St. Louis County
Description
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!
Property Information
- Property type
- Commercial Sale
- Year built
- 1905
- Living area
- 4,200 Sq Ft
- Lot size
- 0.14 acres
- Lot dimensions
- 50 X 125
- Days on market
- 650
- MLS® Listing#
- 6117649
Property Features
- Interior
- High Speed Internet
- Cooling
- Central Air
- Heating
- Forced Air · Radiant · Oil · Electric
- Basement
- Partial · Full
- Parking
- Off Street
- Roof
- Metal
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $6,118Tax year 2025
- Parcel number
- 030-0010-00770
Directions
On Sheridan St. in Ely.
Listing Courtesy: Bear Island Realty LLC - ***
