Ely MN Realtor Bear Island Land Company, Inc.

Commercial Building in Ely

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Commercial building in prime location on Sheridan Street, Ely's main street. This unique building has approximately 4,000 square feet and houses 3 businesses and 1 apartment. Positioned on Ely's Main Street, the building features 1/2 of a city block of exposure. The building has a solid rental history with two long-term leases. There is a huge off-street, paved parking lot with room for approximately 25 cars. Seller currently owns the third business in the building. Great location with high visibility, high traffic and a phenomenal building with excellent parking.
 
Tenant Level Rent Apx Sq. Ft.
Subway 1 $1,000 1,539
PJ's 1 $550 931
Dive Shop 1 $500 1,365
Apartment lower $400 887
 
LISTED BY: Charlie Chernak & Kate Davies
PROPERTY #2961
MLS #6000767
PRICE: $199,000
TERMS: cash or bank financing
ADDRESS: 1311 E. Sheridan Street
BUSINESS INCLUDED: no
REAL ESTATE INCLUDED: yes
APX FOUNDATION: 92' x 43'
APX SQUARE FOOTAGE: 3,835
APX LOT SIZE: 100' x 125'
YEAR BUILT: unknown
CONSTRUCTION: frame/wood
EXTERIOR: wood
GARAGE: none
BASEMENT: partial
HEATING: forced air, electric, propane
UTILITIES: city water, city sewer, electricity
INTERIOR WALLS: sheet rock
# OF STORIES: 1
CEILING HEIGHT: 8-10 feet
PARKING: parking lot, paved
TAXES: $7,594.18 in 2012
CLASSIFICATION: Non-homestead
PARCEL CODE: 030-0352-00210
 
ADDITIONAL FEATURES: Central Air, partially wheelchair accessible
 
LEGAL DESCRIPTION: Lots 1-4, White's 2nd Addition to Ely

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While all information and figures are believed to be reliable,
the providing broker cannot guarantee their accuracy.



Bear Island Land Co., Inc.
943 East Sheridan Street Ely, MN 55731
888-621-2268 218-365-2800