Prime Mixed Use Free Standing Building For Sale

Highlights:

• Prime Mixed use opportunity in the heart of Ely
• 6,486 SF Free Standing Building
• Main Level Retail Space- 3,039 SF & basement level storage
• Upper Level Apartment- 1,781 SF with 4 Bedrooms and 2 Bathrooms
• Detached 2 Car Garage- 725 SF
• Zoned C-1
• Historic charm and character
• Inventory is available for sale separately

Description:

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. Inventory is available for sale separately

Discover the vibrant community surrounding the location in Ely, MN. Nestled in the beautiful wilderness of the Northwoods, the area offers a serene escape with easy access to outdoor recreational activities. Just a short drive away, the stunning Boundary Waters Canoe Area Wilderness awaits, offering pristine waters and picturesque hiking trails. Nearby, the International Wolf Center and the North American Bear Center provide unique learning opportunities for nature enthusiasts. Be inspired by the rich cultural heritage at the Ely Arts & Heritage Center, and savor local flavors at charming cafes and restaurants. Embrace the perfect blend of nature, culture, and amenities that make this location an ideal setting for an office or office building.

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