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342 E Sheridan Street

Ely, MN 55731
  • $400,000
  • STATUS: Active
  • ON SITE: 129 Days
  • ID#: 6374678
$400,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,240
    SQFT
  • $179
    $/SQFT
Type:
Commercial
Built:
1910
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Z'up North Realty, Inc..

Description

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!

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IDX data © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2023-09-29T00:24:42.297.

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342 E Sheridan Street Ely, MN 55731

  • Price: $400,000
  • Status: Active
  • On Site: 129 Days
  • ID#: 6374678
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,240
SQFT
$179
$/SQFT
1910
Built
Neighborhood:
Whitesides Add To The Town Of Ely
County:
St. Louis
School District:
696 - Ely
Property Description
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!
Exterior Features

Construction Materials Vinyl Siding Foundation Area 2240 Foundation Dimensions 24 X50 Levels Two Lot Features Corner Lot Lot Size Dimensions 125.00 X 50.00 Parking Features Paved Parking Open 10 Road Frontage Type City Street Roof Asphalt

Interior Features

Heating Forced Air

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Yes Contingency None Current Use Laundromat Foreclosure Status No Fractional Ownership YN No Fuel Propane Inclusions BuildingFixture/Equipment Land Lease YN No Lender Owned No Postal City Ely Potential Short Sale No Property Sub Type Other Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 2521 Tax With Assessments 2643.0000 Tax Year 2023 Utilities Electric CommonHeating Common Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Z'up North Realty, Inc.: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2023-09-29T00:24:42.297.

Click here for Digital Millennium Copyright Act
 
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The Pietig Properties Group | RE/MAX Advantage Plus
270 Elm Street E.
Annandale MN, 55302
NorthstarMLS] logo Listing courtesy of Z'up North Realty, Inc..