145 E Sheridan St, Ely, MN 55731

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145 E Sheridan St is located in Ely, MN.

Great investment opportunity located on the main drag in Ely! High visibility and lots of traffic to entertain. Previously Vertins Cafe Pub, this historic Ely business has been well-known and enjoyed by Ely residents, as well as many visitors in the area. This commercial bldg has 5,400 sqft and has been renovated over the years. There is a cafe in the front area, along w/ a pub. Partially finished basement w/ area for meetings and other gatherings. Another 50x125' lot across the alley for customer parking.

List price is $325,000 w/an opening bid of $145,000 if no offer received prior to auction. Advanced Glance. Seller will disclose Reserve. Call for details. Buyer's Fee equal to 2% or $2,000, whichever is greater to be added to high bid to determine final sale price. Nonrefundable EM of 5% of the sellers reserve due from high bidder on day of auction/offer. Cash closing, no contingencies. Offers are subject to Sellers approval. Property is bank owned and is being sold "as-is, where-is". See Bidders Packet for additional disclosures and details.

Direction: Take US 53 N/Highway 53 N to exit MN-169 N toward Ely. 145 E Sheridan Street will be on the left