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740 Aultman St 12,000 SF Vacant Retail Building Ely, NV 89301 $560,000 ($46.67/SF)

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EXECUTIVE SUMMARY

Explore the endless possibilities of owning Ely’s most unique property, located in the heart of downtown. This commercial building, boasting 4,000 sq ft per floor and spanning two stories with a full basement, presents an impressive 12,000 sq ft of versatile space. Recognized as Ely’s first fireproof building, its solid construction features concrete and I-beam floors, creating a structure that exudes strength and durability. Seller has recently replaced the roof.
The ground floor is divided into two separate retail spaces, currently (1) occupied and (1) vacant. One side features a complete kitchen and bath alongside retail space, while the other offers a full bath, office, and additional retail area. These retail locations can provide a steady income stream and add vibrancy to the bustling downtown scene.
The real magic unfolds on the top floor, recently revitalized to enhance its charm. This level features a living space, newly updated kitchen, a full bath, a spacious bedroom and a comfortable living room. The freshly replaced windows showcase the structure’s durability and invite an abundance of natural light into each section of the living area. The highlight of this floor remains the expansive open space adorned with antique tin ceilings. This versatile area is a blank canvas, ready to be transformed into a banquet hall, an art studio, or a vibrant live music venue. Unleash your imagination and creativity to their fullest, capitalizing on the potential of this unique and durable space.
Whether you are an investor seeking a lucrative opportunity with tenants or an entrepreneur looking to make a mark in the heart of Ely, this commercial property offers the perfect canvas for your ambitions. Seize the chance to own a piece of history while unlocking the future potential of this remarkable building in downtown Ely.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,000 SF
Year Built
1910
Price
$560,000
Price Per SF
$46.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.39
Lot Size
0.12 AC
Zoning
C-2 - Commercial with attached upstairs living quarters

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-183-11
Land Assessment
$4,795
Improvements Assessment
$62,726
Total Assessment
$67,521
  • Listing ID: 37869333

  • Date on Market: 9/29/2025

  • Last Updated:

  • Address: 740 Aultman St, Ely, NV 89301

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