Pending

342 E Sheridan Street

Ely MN, 55731

$300,000


$133.93 per sqft

Pending

2,240 sqft

Commercial

Built in 1910

This is an amazing turnkey business opportunity in Ely, Minnesota. With over 22 years of successful operations by the retiring owners, this laundromat has been kept up-to-date and well-maintained. There are 14 dryers, 9 top-loading washers, 8 front-loading washers, 2 triple-load washers, and 1 double-load washer. Nice clean 11x19 sitting/folding area with a flat-screen TV and plenty of counter space. Along with equipment upgrades, recent building upgrades include floor and ceiling tile in the main laundry area, vinyl siding, a new roof, air conditioning for the commercial laundry basement area, and newly installed plumbing pipes. There are 17+ resorts and personal accounts that contribute to its success with daily traffic counts of 7700 cars per day on Sheridan St. The property also features a spacious 3-bedroom furnished apartment which can be used as an extra income source or can be used as owner's quarters. Don't miss out on this unique chance to own your own business!

6374678

MLS ID

May 22, 2023

Listed

November 23, 2024

Updated

Map

342 E Sheridan Street
Ely MN, 55731

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Corner Lot


Roof

Asphalt


Sewer

City Sewer/Connected

School Information

School District

Ely

Other Property Details

Taxes

$2,521


Tax Frequency

Annually


Days on Market

472


Garage

No


Parking

Paved


View

No


County

St. Louis


Water Source

City Water/Connected


Pool

No

Listing History

Date

Event

Price

10/18/2024

Pending

7/26/2024

Price change

$300,000

-12%

5/25/2024

Price change

$339,000

-3%

3/16/2024

Price change

$349,000

-5%

11/15/2023

Price change

$365,000

-9%

11/15/2023

Active

10/3/2023

Pending

 

Courtesy of z'Up North Realty, Inc.

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Vermilion Real Estate Services shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 10:34 AM UTC, 11/23/2024

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