140 E Sheridan St, Ely, MN 55731 Property Records

St. Louis County property record for 140 E Sheridan St, Ely, MN 55731 · Last verified August 2026

Property Highlights

Property Type	Commercial > Retail
Year Built	Built 1992
Square Footage	4,474 sqft Gross Area
Lot Size	9,372 sqft (0.215 acres)
Tax Bill	$8,378.00 (2026)

Property Details

APN / Parcel Number

Primary APN	`030-0010-01150`
Alternative APN	`1086774`

Interior

Building Area	4,474 sqft Gross Area
1st Floor	4,474 sqft 1st Floor
Basement Area	560 sqft Basement
Fire Sprinklers	The property is equipped with a fire-suppression sprinkler system

Exterior

Year Built	Built 1960
Effective Year Built	Effective 1992
Exterior Material	Other Exterior
Lot Area	9,372 sqft (0.215 acres)

Utilities and HVAC

Cooling System	Evaporative Cooling
Heating System	Hot Water Heating

Location & Zoning

Account Number	1086774
Street Address	140 E SHERIDAN ST
City	ELY
State	MN
Zip	55731-1215
Property Usage	Commercial Property Usage
Type	Commercial > Retail
Legal Description	LOTS 10 11 AND 12 SERIAL #
Legal Subdivision	ORIGINAL PLAT OF ELY
Legal Block	10
Legal Lot Number	10-11
Jurisdiction	ST LOUIS MN
Minor Civil Division	ELY
Census Blockgroup	2
Census Block	2017
Census Tract	15300

Owner

Source: St. Louis County records · APN 030-0010-01150

Assessment roll updated August 17, 2026 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	140 E SHERIDAN ST, ELY, MN 55731-1215
Owner Type	Owner is a Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Known Transactions	Apr 28, 2011 May 30, 2006
Deed Doc Number	201159982
Prior Transfer Date	Apr 18, 2011
Prior Transfer Doc	0000059981
Record Refreshed	Sep 20, 2026

March 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	ST LOUIS MN
Recording Date	Mar 13, 2020
Property Address	140 E SHERIDAN ST, ELY, MN 55731-1215
Document Number	00A1375768
Instrument Date	Mar 04, 2020
Instrument	A1375768
Transaction Type	Transfer
Record Updated	Apr 03, 2020
Title Company	NORTHEAST TITLE COMPANY, NORTHEAST TITLE CO

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$1,198.00

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	140 E SHERIDAN ST ELY MN 557311215, ELY, MN 55731-1215

Mortgage

Document Number	A1375769
Date	Mar 13, 2020
Instrument	A1375769

Lender

Name	FRANDSEN BK&TR
Type	Bank
Address	ELY, MN 55731

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Mar 12, 2025

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: St. Louis County records · Assessment roll updated August 17, 2026 · Last verified August 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

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

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$8,378.00 (+3.69%)
2025	$8,080.00 (+2.25%)	$288,400 (+9.74%) Land $54,600 Building $233,800	$288,400 (+9.74%) Land $54,600 Building $233,800
2024	$7,902.00	$262,800 (+42.98%) Land $52,100 Building $210,700	$262,800 (+42.98%) Land $52,100 Building $210,700
2022		$183,800 Land $47,400 Building $136,400	$183,800 Land $47,400 Building $136,400