145 E Sheridan St, Ely, MN 55731

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Building Details:

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