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- LoopNet Team
1047 E Sheridan St
Ely, MN 55731
Budget Host Motel Ely · Hospitality Property For Sale
·
11,351 SF
INVESTMENT HIGHLIGHTS
- On the Main street of Ely, MN in the middle of the town
- Parking Lot
- Solar Panels for green energy
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1960/2002 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 0.35 AC | Corridor | Exterior |
| Building Size | 11,351 SF | ||
| Zoning | SFR | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,351 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2002 |
| Parking Ratio | 1.41/1,000 SF |
| Corridor | Exterior |
| Zoning | SFR |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 1047 E SHERIDAN ST , ELY, MN 55731
Long established motel business located on Ely's main street. This impressive establishment has 17 motel units with 17 parking spots, a private 2 story, 4 bedroom owner's quarters, beautiful lobby and office, 2 stall garage, PLUS a separate 2 bedroom home next door which is also used for nightly rentals. Family owned and operated--they have recently completed extensive updating to major systems including electrical, plumbing, heating, and solar panels/tubes have been added to achieve efficiency and affordability. Rooms and grounds are meticulously cleaned and cared for. 7 rooms presently have 1 queen bed, 7 rooms have 2 queen beds, and 3 rooms have 3 queen beds. Rooms have mini refrigerators, microwaves, and coffee makers. Motel Ely is a profitable business with a proven track record of success. AAA rated with high ratings on Trip Advisor. Come live and work in Ely, MN and let this wonderful business opportunity make it possible for you!
