+1 218-327-9889
Touch to Open Menu
+1 218-327-9889
agency_logo

Call Us: +1 218-327-9889

MLS# 148955 - 120 E Sheridan Street Ely, MN 55731

© 2017-2025 Move It Real Estate Group. All rights reserved.

Created with REC by AfterNorth

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

z' Up North Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Range Association of REALTORS.
The information provided is considered reliable but is not warranted. IDX information is exclusively for the personal, non-commercial use of consumers, and should only be used for the purpose of identifying prospective properties that consumers may be interested in purchasing.
Data Source: RAOR
Move It Real Estate - International Falls is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - International Falls, a broker participant of Range Association of REALTORS MLS. Data last updated: Sep 3 2025 8:49PM.

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

z' Up North Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Range Association of REALTORS.
The information provided is considered reliable but is not warranted. IDX information is exclusively for the personal, non-commercial use of consumers, and should only be used for the purpose of identifying prospective properties that consumers may be interested in purchasing.
Data Source: RAOR
Move It Real Estate - International Falls is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - International Falls, a broker participant of Range Association of REALTORS MLS. Data last updated: Sep 3 2025 8:49PM.