342 E Sheridan ST Pending

Ely,MN 55731

$ 300000

- Bed

- Bath

- SqFt


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

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