$ 300,000
342 E Sheridan ST Ely, MN 55731
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$ 300,000
Est. payment | /mo
6,098 Sqft Lot
$ 300,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Whitesides Add To The Town Of Ely
MLS Listing ID 6374678
Year Built 1910
Annual Tax Amount $2,521
Tax Year 2023
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 125.00 x 50.00
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!
Location
State MN
County St. Louis
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building, Fixture/Equipment
Fireplace No
Exterior
Garage Paved
Utilities Available Electric Common, Heating Common
Roof Type Asphalt
Present Use Laundromat
Parking Type Paved
Building
Lot Description Corner Lot
Story Two
Foundation 2240
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Vinyl Siding
Schools
School District Ely
Listed by Andrea Zupancich • z'Up North Realty, Inc.
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