For Sale
$399,000

520 Sheridan St Ely, MN 55731

Established Italian Restaurant, High Traffic Location

Overview

Added:
Feb 3
Days on market:
78
This exceptional business opportunity presents the chance to acquire Sir G's Italian Restaurant, a well-established eatery in Ely, Minnesota. Located on Sheridan Street, a high-traffic area with an estimated 5,800 daily vehicles passing by, this property boasts significant visibility and potential for continued success. The restaurant itself encompasses over 2,059 square feet, providing ample space for both dining and kitchen operations. The sale includes not only the 0.22-acre real estate and building but also all necessary equipment and treasured recipes, ensuring a seamless transition for the new owner. Sir G's is known for its iconic Italian cuisine and unique atmosphere, featuring hand-painted artwork depicting Tuscan landscapes. This long-standing Ely tradition offers a proven cash flow and significant potential for growth. The sale presents a turnkey operation, allowing a new owner to immediately capitalize on the established customer base and reputation. This is a rare opportunity to own a piece of Ely's history and build upon a successful, existing business. The property's prime location and the included equipment and recipes make this a truly compelling investment. Don't miss this chance to own a thriving restaurant in a vibrant community.

Property Details for 520 Sheridan St

Property type
Commercial real estate
Year Built
1960
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Ely
County
St. Louis County
State
Minnesota
Latitude
47.90289
Longitude
-91.85882

FAQs

What type of property is this?
Commercial real estate - Established Italian Restaurant, High Traffic Location
Where is the commercial real estate located?
The property is located at 520 Sheridan St Ely, MN.
What is the asking price?
The asking price for this property is $399,000.
How can I contact the broker?
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520 Sheridan St
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