NEED TO SELL your home to buy this one?
  • 137 E Sheridan St

  • Ely, MN 55731
  • $1,200,000
  • MLS® #: 6092410
  • Year Built: 1910
COMMERCIAL property for sale in Ely, MN at 137 E Sheridan St. This property is priced at $8,571,429/acre.
REDUCED

Courtesy of Jerry Fink of Canoe Capital Realty, Llc

Description of 137 E Sheridan St, Ely, MN 55731 - $1,200,000

PENGALS BASSWOOD TRADING COMPANY Pengal’s Basswood Trading Company, since 1915 is the oldest family owned business in Ely. Pengals has been under one ownership since that time. A time proven business that has a developed specific niche for the residents and tourists that abound in our Ely and surrounding area for three generations. Pengals is your End of the Road clothing outfitter, your Outdoor Equipment Store · Clothing Store · Screen Printing & Embroidery business. Check out their website at www.endoftheroadely.com First time on the market and ready to sell and move on. The buildings are in excellent shape and updated throughout. Central air, Oil forced air heat with backup electric radiant ceiling panels. 220, 3 phase power along with a 200 Amp service panel. New flooring, new doors and windows in front along with pine paneling on walls and the ceilings add to the charm of Basswood Trading. A rear door entrance is new the roofs on the main buildings are metal. Parking in the rear of the building for 4 – 5 cars is a plus and there is room for expansion. This business is a vertical business operation producing 95% of the retail product. Also included with the sale is 40 years of artwork and select copyrighted artwork along with the trademark “End of the Road”

Essential Information

  • MLS® #6092410
  • Price$1,200,000
  • Bathrooms0.00
  • Acres0.14
  • Year Built1910
  • TypeCOMMERCIAL
  • Sub-TypeBusiness Opportunity
  • StatusACTIVE

Exterior

  • ExteriorVinyl, Wood
  • RoofMetal
  • ConstructionFrame/Wood

Community Information

  • Address137 E Sheridan St
  • AreaEly
  • CityEly
  • CountySt. Louis County
  • StateMN
  • Zip Code55731

Additional Information

  • Listing OfficeCanoe Capital Realty, Llc

Interior

  • InteriorWood
  • HeatingOil, Forced Air
  • CoolingCentral

Kris LindahlREALTOR®

Mortgage Calculator

Down Payment: Monthly Payment:

Property Location for 137 E Sheridan St, Ely

Get directions to this property:

Price Change History for 137 E Sheridan St, Ely, MN (MLS® #6092410)

Date Details Price Change
Price Reduced (from $1,500,000) $1,200,000 $300,000 (20.00%)
Please provide a valid email address.

By searching, you agree to the End User License Agreement

Information is supplied by seller and other third parties and has not been verified.

Copyright 2021 Duluth Area Association of REALTORS® MLS All Rights Reserved.