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Seize a rare opportunity to own a one-of-a-kind commercial property in the heart of Ely, Minnesota - the gateway to the Boundary Waters Canoe Area Wilderness. Situated on a prominent corner lot at the intersection of bustling Sheridan Street and Highway 1, adjacent to the local grocery store, one of the highest traffic anchors in town, this distinctive log building offers maximum visibility, easy access, and unmatched exposure. Set on approximately one acre of commercially zoned land, the property offers ample room to expand, providing long-term flexibility for growth. The natural log construction lends an authentic Northwoods aesthetic that resonates deeply with both the local community and many outdoor enthusiasts, anglers, and adventurers who pass through Ely each year. Ely is Northern Minnesota's premier four-season destination, drawing visitors for BWCA canoe trips, ice fishing, dog sledding, hiking, and fall foliage - and a growing wave of remote workers and retirees choosing small-town Northwoods living. Prime commercial corners in Ely rarely come to market, making this a standout opportunity for investors and business owners alike.

Property Details of 1600 E Sheridan Street

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Listed by Lori Schulze of Keller Williams Classic Realty NW - Ely (***)

Listings courtesy of Lake Superior Area REALTORS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 15, 2026 4:08 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

 
 

 

 

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