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