955 E Sheridan St Ely, MN 55731

$215,000
Active
1,900 Sq Ft  |  Commercial  |  MLS # 6125842
Active
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About The Listing

A truly special commercial opportunity in the heart of Ely. This highly visible, centrally located property offers a warm and welcoming setting that has been thoughtfully cared for and has provided a space for community engagement and philanthropy. Currently operating as a restaurant with a full commercial kitchen, the property is well-suited for continued use as a dining establishment or could be reimagined for a variety of retail, hospitality, or other commercial ventures. The Northwoods-inspired building is full of character, featuring attractive half-log siding, a beautiful fireplace, and a charming open-concept interior that immediately makes visitors feel at home. The tasteful finishes, inviting atmosphere, and flexible layout create a memorable space with excellent potential. There is also the possibility for on-site owner quarters or rental income, adding even more value and versatility. Outside, the expansive deck is surrounded by beautiful landscaping and seasonal flowers, offering a lovely outdoor seating area and a wonderful place for guests to gather and enjoy the Ely experience. With good parking options, convenient customer access, and strong visibility, this property stands out as a rare opportunity to own a beloved commercial space in one of Ely’s most recognizable and welcoming locations.


Listing courtesy of Bear Island Realty LLC
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: Inspection (MN Only)
Year Built: 1920
MLS #: 6125842
Stories: 2.0
Square Feet: 1,900
Price Per Square Foot: $113
Sewer Description: Public Sewer
Water: City
Heat Type: Propane
Basement: Partial
Foundation Type: Poured Concrete, Rock
Construction Description: Other
Roof Description: Asphalt, Metal
Days On Market (Continuous): 31
Disability Features: Fully Wheelchair, Wheelchair Ramp(s)
Latest Update: 07/02/2026
List Date: 06/04/2026
Listing Agent ID: kdavies
Listing Office: Bear Island Realty LLC
Listing Office ID: 31750
Data Source: LSAR - Lake Superior Area REALTORS
Lot Dimensions: 50 x 125
Lot Size: 0.14 Acres
School District: Ely #696
Tax Year: 2026
Estimated Taxes: $3,698
Contingency Type: Inspection (MN Only)
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN

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Listing last updated: 07/02/26

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.