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$350,000  (list price)
$350,000
/mo   Edit
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

    Contingency: None
    City: Ely
    County: St. Louis
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55731

    Interior

    Building Fin Sq Ft: 4,048 sq ft
    Basement Details: Full

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 8
    Air Conditioning: Window Unit(s)
    Heating System: Hot Water
    Foundation Size: 2,024 sq ft
    Handicap Accessible: None
    Exterior Material: Fiber Board
    Roof Details: Asphalt

    Lot

    Acres: 0.1
    Geolocation: 47.90349176, -91.86972442
    Lot Dimensions: 31.00 x 101.00
    Dev/Complex Name: Semers 2nd Add To Ely
    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
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,876

    Unit

    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

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable.Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    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.