Ely, MN 55731,302 E Sheridan ST
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Ely, MN 55731,302 E Sheridan ST
Ely, MN 55731,302 E Sheridan ST
Ely, MN 55731,302 E Sheridan ST
Ely, MN 55731,302 E Sheridan ST

$425,000

Est. payment /mo

$495,000

14.1%
Est.Price: ?

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302 E Sheridan ST Ely, MN 55731

0.72 Acres Lot

SOLD DATE : 03/07/2024

Key Details

Sold Price $425,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6393770

Sold Date 03/07/24

Year Built 1989

Annual Tax Amount $9,578

Tax Year 2023

Contingent None

Lot Size 0.720 Acres

Acres 0.72

Lot Dimensions 250x125

Property Description

Motivated Seller, bring your offers and ideas and Live the dream in Ely, Minnesota! This restaurant and bar with full liquor license is now available in the canoe capital of the world. Rockwood Eatery is at the heart of this charming up north town and hosts the 4100 sqft restaurant featuring a massive commercial kitchen with owned dishwasher and new Manitowoc ice machine in 2023, over 2000 sqft of patio space where customers enjoy a brew after a long day on the water, and over 40 parking spaces right out the front door, unheard of in Ely. Significant updates include but are limited to: new roof and east wall of windows in 2021, new dishwasher and pro-smoker in 2022, and a commercial HVAC system in 2019. This is a once-in-a-lifetime opportunity to be your own boss and invest in a solid outdoor recreation market.

Location

State MN

County St. Louis

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Garage Parking Lot, Open

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Rubber

Present Use Restaurant,Bar/Tavern

Building

Lot Description Corner Lot, Tree Coverage - Light

Story One

Foundation 4124

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Brick Veneer,Metal Siding,Other

Schools

School District Ely

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Listed by Shawn Murphy • Ferndale Realty

Sarah Marrinan

Advisor

+1(651) 964-0289

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