429 E Sheridan St, Ely, MN 55731 (MLS # 6126552)
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This is an exciting opportunity to own a meticulously updated and well-maintained property with endless potential. The property features three separate buildings: the main building, a guest house, and a workshop. The main building is a charming kit log structure featuring a spacious 8' x 22' covered front porch with a beautiful handcrafted floating stone walkway leading to the entrance. Inside, you'll find a versatile space ideal for retail, office, or other business use, along with a loft and generous storage areas. Recent updates include newer flooring, LP heating, blinds, a metal roof, exterior stain, and fencing. The guest house has been thoughtfully renovated with custom-built bunk beds and bed frames, comfortably sleeping up to eight guests. Improvements include updated electrical, newer cove electric heat, newly insulated walls finished with tongue-and-groove wood, a fully equipped kitchen, and a 3/4 bath featuring ceramic tile flooring and backsplash. The beautifully landscaped grounds showcase stone pathways, decorative rock accents, and ample off-street parking, creating an inviting setting for guests or customers alike. Whether you're looking to establish a retail shop, office, vacation rental, or another entrepreneurial venture, this exceptional property offers the perfect opportunity to bring your dream and vision to life.
| DAYS ON MARKET | 25 | LAST UPDATED | 7/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1997 | COMMUNITY | LSAR |
| COUNTY | St. Louis County | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | LSAR |
| BASEMENT | None, Partial, Yes |
| CONSTRUCTION | Log |
| HEAT | Baseboard, Electric, Propane |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50 x 125 |
| PARKING | Open, Off Street |
| SEWER | Public Sewer |
| TAXES | 2635 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Bear Island Realty LLC
Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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