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$269,000 Just Listed

  • For Sale
  • Active
  • Vacant
  • 4,678 Sq. Ft.
  • 0.21 Acres
  • Updated 3 days ago
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Located right on Ely's main street in the heart of downtown near its busiest intersection is this approx. 4,600 square foot commercial building. The property involves two 2 homes that some years ago a large addition across the front was added that acted as a 1300 sq. ft. store/showroom. This property has lots of use options including living in one of the houses and renting the other and using the showroom as your store front... or any other combination that fits your needs! The property includes 5 bathrooms, 5 bedrooms, a kitchen and many other rooms, most with classic hardwood flooring. There are also 2 garages in back and private parking as well. Whatever your business needs are this property may be a perfect fit for you!

Full Property Details for 229 E Sheridan St

General

  • Price: $269,000
  • Taxes: $7,191 (2026)
  • Status: Active
  • Type: Vacant
  • Source: 1402
  • MLS ID: 6124180
  • Updated: 3/26/2026
  • Added to Site: 4 day(s) ago

Business

  • Name: Ely Pebble Spa

Rooms

Other Rooms

  • Kitchen: Refrigerator

Additional Information

  • Other Features: Restrooms

Parking

  • Parking Features: Detached Garage, On-Street Parking Only, Off Street

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: In Ely on the North corner of Sheridan and Third Street

Heating & Cooling

  • Cooling Type: Ductless Mini-Split
  • Heating Type: Baseboard, Boiler, Propane

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Frame/Wood
  • Exterior Const.: Composition
  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation: Concrete
  • Roof: Asphalt
  • Ceiling Height: 8-10 Feet
  • Stories/Levels: 2
  • Square Feet: 4,678
  • Current Bldg. Use: Vacant
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 75 x 175
  • Frontage: City Street
  • Zoning: Business/Commercial

Financial Considerations

  • Price Per Sq. Ft.: $57.5
  • Tax Amount: $7,191
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: Lots 7, 8, + 9, Block 8, Ely Plat
  • Inclusions: Building, Land
  • Property ID: 030-0010-00870

Listed by Bear Island Realty LLC

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Listing agents

— 229 E Sheridan St —

  • Bear Island Realty LLC

  • Bear Island Realty LLC

***

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 229 E Sheridan St

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-50.3 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-80.3 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 229 E Sheridan St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$269,000
41.95%
MLS
3/24/2006
Sold
$189,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 229 E Sheridan St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,248
2%
$264,300
43%
2024
$7,106
46%
$184,500
—
2023
$4,876
-9%
$184,500
—
2022
$5,336
1%
$184,500
—
2020
$5,300
1%
$184,500
—
2019
$5,236
1%
$184,500
1%
2018
$5,202
-14%
$183,100
—
2017
$6,072
-15%
$183,100
-15%
2016
$7,182
-3%
$215,700
-1%
2015
$7,426
-1%
$217,800
—
2014
$7,515
-2%
$217,800
—
2013
$7,696
—
$217,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bear Island Realty LLC

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229 E Sheridan St, Ely, MN 55731 (MLS# 6124180) is a Vacant property. 229 E Sheridan St is currently listed for $269,000 and was received on March 25, 2026. Want to learn more about 229 E Sheridan St? Do you have questions about finding other Vacant real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.

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