115 W Sheridan St, Ely, MN 55731 Property Records

St. Louis County property record for 115 W Sheridan St, Ely, MN 55731

Property Summary

Property Type	Commercial
Details	1,530 sqft · built 1940
Lot Size	0.307 acres (13,412 sqft)
Owner	Company Name on File
Last Sale	$234,400 (Apr 2022)
Tax Bill	$5,324 (2026)
Deeds & Mortgages	Sep 2021 Line of Credit Sep 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`030-0262-00430`

Property Details

APN / Parcel Number

Primary APN	`030-0262-00430`
Alternative APN	`1127915`

Interior

Building Area	1,530 sqft Gross Area
1st Floor Area	1,530 sqft
Fire Sprinklers	Fire Sprinklers

Exterior

Year Built	Built 1940
Effective Year Built	Effective 1991
Exterior Material	Wood
Lot Area	13,412 sqft (0.307 acres)
Garage Area	3,528 sqft

Utilities, Heating & Cooling

Heating System	Forced Air with A/C

Location & Zoning

Account Number	1127915
Street Address	115 W SHERIDAN ST
City	ELY
State	MN
Zip	55731
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	E 18 FT OF LOT 20 AND ALL OF LOTS 21 THRU 24 SERIAL #
Legal Subdivision	SEMERS 2ND ADDITION TO ELY
Legal Block	2
Legal Lot Number	20-24
Jurisdiction	ST LOUIS MN
Township / Civil Division	ELY
Census Block Group	2
Census Block	2006
Census Tract	15300

Owner

115 W Sheridan St, a commercial property, is owned by a company that bought it in April 2022.

Source: St. Louis County records, as of August 17, 2026

Owner of Record	Company Name on File
Mailing Address	421 MAIN ST, LITTLEFORK, MN 56653
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 14, 2021	Deed of Trust, Mortgage · Line of Credit BORDER BANK
Sep 14, 2021	Deed of Trust, Mortgage · Commercial Mortgage BORDER BANK
Apr 13, 2022	Warranty Deed, Transfer MINNESOTA TITLE AND ABSTRACT COMPANY, MINNESOTA TTL & ABSTRACT CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 13, 2022 · Amount on File
Deed Sale	Apr 13, 2022 · Amount on File
Prior Sale	Mar 13, 2002 · Amount on File
Deed Document Number	20221441067
Prior Transfer Date	Feb 20, 2002
Prior Transfer Doc	0000849557
Record Updated	Sep 20, 2026

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	115 W SHERIDAN ST, ELY, MN 55731
Transaction Type	Mortgage
Record Updated	Sep 6, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0001046695
Date	Sep 14, 2021
Instrument	1046695

Lender

Name	BORDER BANK
Type	Bank
Address	BAUDETTE, MN 56623

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	61 Months
Due	Oct 16, 2026

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	115 W SHERIDAN ST, ELY, MN 55731
Transaction Type	Mortgage
Record Updated	Sep 6, 2022
Title Company	MN TITLE & ABSTRACT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 383, LITTLEFORK, MN 56653-0383

Mortgage

Document Number	0001424408
Date	Sep 14, 2021
Instrument	1424408

Lender

Name	BORDER BANK
Type	Bank
Address	BAUDETTE, MN 56623

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	61 Months
Due	Oct 16, 2026

April 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	ST LOUIS MN
Recording Date	Apr 13, 2022
Property Address	115 W SHERIDAN ST, ELY, MN 55731
Document Number	0001441067
Instrument Date	Sep 29, 2020
Instrument	1441067
Transaction Type	Transfer
Record Updated	Aug 15, 2022
Title Company	MINNESOTA TITLE AND ABSTRACT COMPANY, MINNESOTA TTL & ABSTRACT CO

Transaction

Amount	Amount on Record
Tax	$773.52
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	961 1ST AVE, LITTLEFORK, MN 56653-2005

Tax Assessment & Valuation

The 2026 property tax bill for 115 W Sheridan St was $5,324, up 4.1% from the year before.

Source: St. Louis County assessment roll, as of August 17, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	St. Louis County
Municipality	Ely City
Unified School District	Ely Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,324.00 (+4.07%)
2025	$5,116.00 (+3.19%)	$203,200 (+9.72%) Land $48,500 Building $154,700	$203,200 (+9.72%) Land $48,500 Building $154,700
2024	$4,958.00	$185,200 Land $46,400 Building $138,800	$185,200 Land $46,400 Building $138,800
2022		$151,800 Land $42,200 Building $109,600	$151,800 Land $42,200 Building $109,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 115 W Sheridan St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective March 24, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 115 W Sheridan St is low, with a 0.03% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 64% of the US · above 63% of Minnesota
Wildfire Likelihood	0.03% annual chance
Exposure	Indirect within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Ely serves 3,258 people · EPA ID MN1690014
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	7 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	Haloacetic acids not recorded as resolved · Oct 2024
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 353 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Frontier Fiber	7,000 / 7,000
Midco Fiber	5,000 / 5,000
Treehouse Broadband Fixed Wireless	1,000 / 1,000

May also be available: AT&T, CTC.

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