302 E Sheridan Street Ely, MN ^$ 1,100,000

302 E Sheridan Street

^$ 1,100,000

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302 E Sheridan Street

Ely, MN, 55731

^$ 1,100,000

Bedrooms-- Baths-- Sq 4,214

Monthly Estimate*

^$ 7,597

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Commercial Property for sale in Ely, MN

for $1,100,000. This 4,214 square foot building was built in 1989 on a lot size of 0.723.

Commercial Active

Price

^$ 1,100,000

Property Type

Commercial

Taxes

^$ 10,579

Style

Lot Size

0.723

Year Built

1989

Town/City

Ely

County/Region

Saint Louis

MLS | Web ID

7140405

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common

Roof Rubber

Garage Spaces 0

Construction Materials Frame

Year Built 1989

Levels One

Tax Year 2026

Current Use Commercial Food Service Restaurant Bar/Tavern

Accessibility No Stairs External

County St. Louis

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Whitesides Add To The Town Of Ely

Directions Sheridan St - 169 in town

City Ely

High School District Ely

Zoning Description Business/Commercial

Number Of Units Total 1

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 10579

Additional Parcels Y/N N

Virtual Tour https://www.tourfactory.com/idxr3253241

Standard Status Active

Lender Owned No

Interior

Basement None

Basement (Y/N) N

Total Bedrooms 0

Total Baths 0

Ceiling Height 8-10

Foundation Dimensions 3x26 5x16 12x23 42x90

Fuel Propane

Exterior

Parking Features Parking Lot

Water Source City Water/Connected

Inclusions Building Business Fixture/Equipment

Lot Size Area 0.723

Building Area Total 4214

Lot Dimensions 250.00 x 125.00

Waterfront Y/N N

Foundation Area 4214

Internal Only

Street Number 1 302

* Excluded Features

List By

Z'up North Realty, Inc.

Broker

andrea@zupnorth.com

Affordability Calculator

$8,479

Per Month

Monthly Principal & Interest: $7,597
Monthly Property Taxes: $882
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Ely, MN

Average List Price ^$502,000

Percent of Sale Price 54%

About Ely, MN

3,601 Population

-3% Since 2002

^$35,741 Median Income

44.39 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048330 Elementary School

3048335 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/9/2026	$1,100,000		Listed Price

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302 E Sheridan Street, Ely, MN, 55731 is a Commercial Property for sale at $1,100,000 with 4,214 sqft and a lot size of 0.723. 302 E Sheridan Street was built in 1989. The property's zip code is 55731 which is in Ely, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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302 E Sheridan Street

Commercial Property for sale in Ely, MN

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