401 E Sheridan Street, Ely, MN

$395,000

1

Bath

4,820

Square feet

0.29

Acres

About 401 E Sheridan Street

Introducing 401 E Sheridan St, a prime retail and residential opportunity in the heart of Ely, MN. This historic 6,486 SF free-standing building offers a versatile layout with a main-level retail space currently operating as a liquor store, a 1,666 SF basement used for storage, and a spacious second-level apartment featuring four bedrooms, two bathrooms, a private deck, and a detached garage. Built in 1913, this character-filled property exudes timeless appeal while being ideally situated in a C-1 zoned area, allowing for a variety of potential uses, including retail, restaurant, lounge/bar, grocery, or office space. Nestled in the scenic Northwoods, Ely is known for its strong sense of community, outdoor recreation, and cultural attractions, with the Boundary Waters Canoe Area, International Wolf Center, and Ely Arts & Heritage Center just minutes away. With its historic charm, prime location, and exceptional redevelopment potential, this property presents an exciting opportunity to reimagine a piece of Ely’s history for future generations.

Features of 401 E Sheridan Street

MLS® # 6117530
Price $395,000
Square Footage 4,820
Acres 0.29
Year Built 1913
Type Commercial
Sub-Type Mixed Use
Status ACTIVE

Community Information

Address 401 E Sheridan Street
Area LSAR
City Ely
County St Louis
State MN
Zip Code 55731

Amenities

Amenities Kitchen Area, Restrooms, Storage, Security System
Parking Detached Garage, Driveway - Asphalt, Off Street Parking
Is Waterfront No

Interior

Interior Paneled, Wood
Heating Ductless/Mini Split, Electric, Boiler
Cooling Ductless Unit
# of Stories 2

Exterior

Exterior Brick, Vinyl, Wood
Roof Asphalt Shingles, Rubber
Construction Frame/Wood

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $4,277
Tax Year 2024
HOA Fees $0
Agent Lori Schulze

Listing Details

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