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  • 1047 E Sheridan St

  • Ely, MN 55731
  • $495,000
  • MLS® #: 6087982
  • Year Built: 1960
COMMERCIAL property for sale in Ely, MN at 1047 E Sheridan St. This property is priced at $1,767,857/acre.

Description of 1047 E Sheridan St, Ely, MN 55731 - $495,000

Long established motel business located on Ely's main street. This impressive establishment has 17 motel units with 17 parking spots, a private 2 story, 4 bedroom owner's quarters, beautiful lobby and office, 2 stall garage, PLUS a separate 2 bedroom home next door which is also used for nightly rentals. Family owned and operated--they have recently completed extensive updating to major systems including electrical, plumbing, heating, and solar panels/tubes have been added to achieve efficiency and affordability. Rooms and grounds are meticulously cleaned and cared for. 7 rooms presently have 1 queen bed, 7 rooms have 2 queen beds, and 3 rooms have 3 queen beds. Rooms have mini refrigerators, microwaves, and coffee makers. Motel Ely is a profitable business with a proven track record of success. AAA rated with high ratings on Trip Advisor. Come live and work in Ely, MN and let this wonderful business opportunity make it possible for you!

Essential Information

  • MLS® #6087982
  • Price$495,000
  • Bathrooms0.00
  • Acres0.28
  • Year Built1960
  • Sub-TypeBusiness Opportunity


Propane, Oil, Baseboard, Boiler

Community Information

  • Address1047 E Sheridan St
  • AreaEly
  • CityEly
  • CountySt. Louis County
  • StateMN
  • Zip Code55731


  • ExteriorBrick
  • RoofAsphalt Shingles
  • ConstructionFrame/Wood


  • InteriorSheet Rock
  • CoolingWall
  • # of Stories1

Additional Information

  • Listing OfficeBear Island Land Co., Inc

Kris LindahlREALTOR®

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