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August 24, 2019

Special Use Property For Sale in Ely, Minnesota

Property # 1178376 Available $85,000.00

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   Property Information

Property TypeCommercial Building
Property NameEly Community Center
Property Address 130 S First Ave E
Property Address 2n.a.
Property Town/CityEly
Property CountySaint Louis
Property StateMinnesota
Property ZIP/Postal Code 55731
MLS #n.a.
Building Sq. Ft.28,834
Gross Leasable Sq. Ft.28,834
Lot Size Sq. Ft.12,500
Lot Frontage Ft.100
Lot Depth Ft.125
No. Parking Spacesn.a.
Year Built1938
Year Last Renovatedn.a.
Construction Typen.a.
Property Description Ely Minnesota classic 28,834 sq ft community center including 5000 sq ft auditorium/dance hall, offices, meeting rooms, library space, commercial kitchen. Built with the best materials in 1938, cost then of $229,416. Needs someone with vision to take advantage of the style of that era.
Area DescriptionEly is in Northern Minnesota. Beautiful tourist area, entrance area to the Boundary Waters Canoe Area.

   Financial Information

Sales Price $$85,000.00
Gross Revenue $n.a.
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $n.a.
Cap Rate0.00%
Price Per Sq. Ft. $n.a.
Year Endingn.a.
1031 Exchange?n.a.

   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.
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