1600 E Sheridan St Ely, MN 55731

$450,000
Active
1,353 Sq Ft  |  Commercial  |  MLS # 6124106
Active
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About The Listing

Seize a rare opportunity to own a one-of-a-kind commercial property in the heart of Ely, Minnesota — the gateway to the Boundary Waters Canoe Area Wilderness. Situated on a prominent corner lot at the intersection of bustling Sheridan Street and Highway 1, adjacent to the local grocery store, one of the highest traffic anchors in town, this distinctive log building offers maximum visibility, easy access, and unmatched exposure. Set on approximately one acre of commercially zoned land, the property offers ample room to expand, providing long-term flexibility for growth. The natural log construction lends an authentic Northwoods aesthetic that resonates deeply with both the local community and many outdoor enthusiasts, anglers, and adventurers who pass through Ely each year. Ely is Northern Minnesota's premier four-season destination, drawing visitors for BWCA canoe trips, ice fishing, dog sledding, hiking, and fall foliage — and a growing wave of remote workers and retirees choosing small-town Northwoods living. Prime commercial corners in Ely rarely come to market, making this a standout opportunity for investors and business owners alike.


Listing courtesy of Keller Williams Classic Realty NW - Ely
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Year Built: 0
MLS #: 6124106
Square Feet: 1,353
Price Per Square Foot: $333
Parking Description: Asphalt
Sewer Description: Public Sewer
Water: City
Heat Type: Forced Air, Propane
Basement: Full
Foundation Type: Concrete
Construction Description: Log, Stone
Roof Description: Asphalt
Days On Market (Continuous): 19
Disability Features: Partially Wheelchair
Latest Update: 04/07/2026
List Date: 03/19/2026
Listing Agent ID: loris
Listing Office: Keller Williams Classic Realty NW - Ely
Listing Office ID: 31741
Data Source: LSAR - Lake Superior Area REALTORS
Lot Size: 1.0 Acres
Tax Year: 2026
Estimated Taxes: $0
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN

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Listing last updated: 04/07/26

The information published and disseminated by the service is communicated verbatim, without change by the service, as filed with the service by the participant. The service does not verify such information provided and disclaims any responsibility for its accuracy. Each participant agrees to hold the service harmless against any liability arising from any inaccuracy or inadequacy of the information such participant provides.