Sold: Ely MLS# 5690019
Sold
$350,000 (list price)
$350,000
Commercial: Business Opportunity
Built 1930
0.1 acres
Ely schools
MLS# 5690019
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Property Description
Beautifully updated 15 unit Motel on Ely's Busiest Street! Located just a few short e blocks from the heart of downtown Ely, MN. Amazing drive by traffic and notability! Great Income and greater income potential! Additional features are the on site 2 BR owners quarters, quaint 5 room Bunkhouse, and ample off street parking for your guests. This motel comes furnished so it's ready for you to get going and start making some money! In-house laundry facilities, high speed internet and plenty of bar and restaurant choices within easy walking distance. And lets not forget the unique gift shop choices as well! Nice clean motel and a super location!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$350,000
Sold Price:
$350,000
Sold Date:
03/11/2021
Property Type:
Commercial
City:
Ely
Garage Spaces:
0
County:
St. Louis
Year Built:
1930
State:
MN
Property Style:
Business Opportunity
Zip Code:
55731
Subdivision Name:
Semers 2nd Add To Ely
Interior
Finished Building Area:
4,048 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
8
Air Conditioning:
Window Unit(s)
Foundation Size:
2,024 ft2
Handicap Accessible:
None
Construction Materials:
Frame, Concrete
Heating System:
Hot Water
Parking Features:
Detached
Exterior Material:
Fiber Board
Roof Details:
Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.1
Geolocation:
47.9034917559, -91.8697244223
Inclusions:
Business
Lot Dimensions:
31.00 x 101.00
Addl Parcels:
030026211480, 030026200780
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
696
District Phone:
218-365-6166
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$8,596
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,876
Land Lease Amount:
0
Units
Total Units:
15
Miscellaneous
Current Use:
Hotel/Motel
Fuel System:
Propane
Sewer System:
City Sewer/Connected
Available Utilities:
Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Z'Up North Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.