342 E Sheridan Street Ely, MN 55731

$300,000
Active
Other  |  MLS # 6374678
Active
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About The Listing

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!


Listing courtesy of Andrea Zupancich, z'Up North Realty, Inc.
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1910
MLS #: 6374678
Garage Spaces: 0
Parking Description: Paved
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Construction Description: Vinyl Siding
Roof Description: Asphalt
Days On Market (Continuous): 597
Disability Features: None
Latest Update: 07/26/2024
List Date: 05/22/2023
Listing Agent ID: 502500259
Listing Office: z'Up North Realty, Inc.
Listing Office ID: 25782
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 125.00 x 50.00
Lot Size: 0.14 Acres
Lot Features: Corner Lot
School District: Ely
Tax Year: 2023
Estimated Taxes: $2,521
Contingency Type: None
City: Ely
Zip: 55731
County: St. Louis
Subdivision: Whitesides Add To The Town Of Ely
State: MN
Listing last updated: 07/26/24

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