137 E Sheridan St Ely, MN
$ 1,200,000
Property Attributes
  • MLS#6092410
  • TypeCommercial
  • CityEly
  • AreaEly
  • NeighborhoodMorse
  • Zip55731
  • StyleBusiness Opportunity
  • Year Built1910
  • Taxes$ 4976
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Canoe Capital Realty, LLC
Data Source:
Lake Superior Area of REALTORS® (LSAR) - 389 - MN
Property Description

PENGALS BASSWOOD TRADING COMPANY Pengal’s Basswood Trading Company, since 1915 is the oldest family owned business in Ely. Pengals has been under one ownership since that time. A time proven business that has a developed specific niche for the residents and tourists that abound in our Ely and surrounding area for three generations. Pengals is your End of the Road clothing outfitter, your Outdoor Equipment Store · Clothing Store · Screen Printing & Embroidery business. Check out their website at First time on the market and ready to sell and move on. The buildings are in excellent shape and updated throughout. Central air, Oil forced air heat with backup electric radiant ceiling panels. 220, 3 phase power along with a 200 Amp service panel. New flooring, new doors and windows in front along with pine paneling on walls and the ceilings add to the charm of Basswood Trading. A rear door entrance is new the roofs on the main buildings are metal. Parking in the rear of the building for 4 – 5 cars is a plus and there is room for expansion. This business is a vertical business operation producing 95% of the retail product. Also included with the sale is 40 years of artwork and select copyrighted artwork along with the trademark “End of the Road”

Price History
8/17/2020 Listed $1,500,000
8/17/2021 20% - $1,200,000

General Features

Cooling Central
Heating Forced Air, Oil
Roof Metal

Exterior Features

Latitude 47.903461
Longitude -91.864332
Exterior Vinyl, Wood


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55731

AVG $400K
AVG $3,626
AVG 14
Year Built
AVG 1931
AVG 42
Data Provided by Walkscore ® not using MLS data

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