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342 E Sheridan St, Ely, MN 55731
342 E Sheridan St, Ely, MN 55731
Sold for $300,000
342 E Sheridan St, Ely, MN 55731
Sold for $300,000
342 E Sheridan St, Ely, MN 55731
342 E Sheridan St, Ely, MN 55731
342 E Sheridan St, Ely, MN 55731
342 E Sheridan St, Ely, MN 55731

342 E Sheridan St Ely, MN 55731

$300,000

CLOSED
Beds
0
Baths
1
Sqft
Acres
0.144
Year
1910
Close Date
Jan 24, 2025
Property Type
Commercial Sale
Sub Type
Date Listed
May 22, 2023

Description of 342 E Sheridan St, Ely, MN 55731

Listing details for 342 E Sheridan St, Ely, MN 55731 : 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 Updated : 08-24-2026 at 10:36 PM CDT

Properties displayed may be listed or sold by various participants in the MLS

Source

NorthstarMLS as distributed by MLS GRID, MLS#: 6374678

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Property History

DateEventPrice
1/24/2025
Sold
$300,000
Source:NorthstarMLS #NST6374678
5/22/2023
Listed for sale
—
Source:NorthstarMLS #NST6374678

Location of 342 E Sheridan St, Ely, MN 55731

Streetview of 342 E Sheridan St, Ely, MN 55731

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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
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