St. Louis County property record for 428 E Sheridan St, Ely, MN 55731 · Last verified August 2026
| Property Type | Commercial > Retail |
|---|---|
| Year Built | Built 1989 |
| Square Footage | 1,200 sqft Gross Area |
| Lot Size | 6,237 sqft (0.143 acres) |
| Garage | 2,790 sqft |
| Last Sale | $168,000 (2023) |
| Tax Bill | $3,478.00 (2026) |
| Primary APN | 030-0370-01110 |
|---|---|
| Alternative APNs |
|
| Building Area | 1,200 sqft Gross Area |
|---|---|
| 1st Floor | 1,200 sqft 1st Floor |
| Basement Area | 1,200 sqft Basement |
| Fire Sprinklers | The property is equipped with a fire-suppression sprinkler system |
| Year Built | Built 1950 |
|---|---|
| Effective Year Built | Effective 1989 |
| Exterior Material | Stucco Exterior |
| Lot Area | 6,237 sqft (0.143 acres) |
| Garage Area | 2,790 sqft Garage |
| Utility Building | 480 sqft Utility Building |
| Heating System | Hot Water Heating |
|---|
| Account Number | 1159738 |
|---|---|
| Street Address | 428 E SHERIDAN ST |
| City | ELY |
| State | MN |
| Zip | 55731-1456 |
| Property Usage | Commercial Property Usage |
| Type | Commercial > Retail |
| Legal Description | LOTS 7 AND 8 SERIAL # |
| Legal Subdivision | WHITESIDES ADD TO THE TOWN OF |
| Legal Block | 10 |
| Legal Lot Number | 7-8 |
| Jurisdiction | ST LOUIS MN |
| Minor Civil Division | ELY |
| Census Blockgroup | 2 |
| Census Block | 2020 |
| Census Tract | 15300 |
Source: St. Louis County records · APN 030-0370-01110
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 | PO BOX 261, ELY, MN 55731-0261 |
| Owner Type | Owner is a Company |
| Vesting | Company |
| Date | Document |
|---|---|
| Dec 15, 2023 | Deed, Transfer · Commercial Mortgage FRANDSEN BANK & TRUST |
| Jan 25, 2022 | Deed of Trust, Mortgage · Commercial Mortgage NORTHEAST ENTREPRENEUR FUND INC |
| Jan 11, 2021 | Warranty Deed, Transfer ATTORNEY ONLY |
| May 28, 2019 | Deed of Trust, Mortgage PRIVATE INDIVIDUAL |
| May 28, 2019 | Deed of Trust, Mortgage PRIVATE INDIVIDUAL |
| Jan 02, 2018 | Warranty Deed, Transfer · Conventional Mortgage PRIVATE INDIVIDUAL |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Dec 15, 2023 · Amount on Record |
| Deed Sale | Dec 15, 2023 · Amount on Record |
| Prior Sale | Jan 02, 2018 · Amount on Record |
| Deed Doc Number | 20231479870 |
| Record Refreshed | Sep 20, 2026 |
| Document Type | Deed |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Recording Date | Dec 15, 2023 |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Document Number | 0001479870 |
| Instrument Date | Dec 11, 2023 |
| Instrument | 1479870 |
| Transaction Type | Transfer |
| Record Updated | Jan 22, 2024 |
| Title Company | NORTHEAST TITLE COMPANY |
| Amount | Amount Recorded |
|---|---|
| Downpayment | Downpayment on File |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $554.40 |
| Amount Accuracy | Rounded Values by County |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | PO BOX 261, ELY, MN 55731-0261 |
| Document Number | 0001479871 |
|---|---|
| Date | Dec 15, 2023 |
| Instrument | 1479871 |
| Name | FRANDSEN BANK & TRUST |
|---|---|
| Type | Bank |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Jan 01, 2039 |
| Rate Type | Adjustable Rate |
|---|
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Transaction Type | Mortgage |
| Record Updated | Feb 25, 2022 |
| Name | Verified Name |
|---|
| Document Number | 0001435992 |
|---|---|
| Date | Jan 25, 2022 |
| Instrument | 1435992 |
| Name | NORTHEAST ENTREPRENEUR FUND INC |
|---|---|
| Type | Non-Lending Institution |
| Address | DULUTH, MN 55802 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 65 Months |
| Due | Jun 01, 2027 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Recording Date | Jan 11, 2021 |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Document Number | 00A1400774 |
| Instrument Date | Sep 03, 2020 |
| Instrument | A1400774 |
| Transaction Type | Transfer |
| Record Updated | Feb 10, 2021 |
| Title Company | ATTORNEY ONLY |
| Amount | Amount Recorded |
|---|---|
| Tax | $2.00 |
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Personal Trust |
| Address | 11 E WHITE ST ELY MN 557311247, ELY, MN 55731-1247 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Document Number | 00A1357071 |
| Instrument Date | May 28, 2019 |
| Transaction Type | Mortgage |
| Record Updated | Jul 02, 2019 |
| Title Company | NOT AVAILABLE |
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Document Number | 00A1357071 |
|---|---|
| Date | Jun 20, 2019 |
| Instrument | A1357071 |
| Name | PRIVATE INDIVIDUAL |
|---|---|
| Type | Private Party |
| Address | DULUTH, MN 55802 |
| Amount | Amount Recorded |
|---|---|
| Term | 60 Months |
| Due | Jun 19, 2024 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Document Number | 00A1357073 |
| Instrument Date | May 28, 2019 |
| Transaction Type | Mortgage |
| Record Updated | Jul 02, 2019 |
| Title Company | NOT AVAILABLE |
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 428 E SHERIDAN ST ELY MN 557311456, ELY, MN 55731-1456 |
| Document Number | 00A1357073 |
|---|---|
| Date | Jun 20, 2019 |
| Instrument | A1357073 |
| Name | PRIVATE INDIVIDUAL |
|---|---|
| Type | Private Party |
| Amount | Amount Recorded |
|---|---|
| Term | 60 Months |
| Due | Jun 19, 2024 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Recording Date | Jan 02, 2018 |
| Property Address | 428 E SHERIDAN ST, ELY, MN 55731-1456 |
| Document Number | 00A1325121 |
| Instrument Date | Dec 15, 2017 |
| Instrument | A1325121 |
| Transaction Type | Transfer |
| Record Updated | Jan 19, 2018 |
| Title Company | UP N TITLE LLC |
| Amount | Amount Recorded |
|---|---|
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $313.50 |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | PO BOX 244 ELY MN 557310244, ELY, MN 55731-0244 |
| Document Number | A1325122 |
|---|---|
| Date | Jan 02, 2018 |
| Instrument | A1325122 |
| Name | PRIVATE INDIVIDUAL |
|---|---|
| Type | Private Party |
| Address | EVELETH, MN 55734 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 300 Months |
| Due | Jan 01, 2043 |
| Document Number | A1325123, |
|---|---|
| Date | Jan 02, 2018 |
| Instrument | A1325123 |
| Name | PRIVATE INDIVIDUAL |
|---|---|
| Type | Private Party |
| Address | EVELETH, MN 55734 |
| Amount | Amount Recorded |
|---|---|
| Term | 300 Months |
| Due | Jan 01, 2043 |
Source: St. Louis County records · Assessment roll updated August 17, 2026 · Last verified August 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | St. Louis County |
| Municipality | Ely City |
| Unified School District | Ely Public School District (PK - 12) |
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 | $3,478.00 (+1.58%) | ||
| 2025 | $149,200 (+9.3%) Land $29,600 Building $119,600 | $149,200 (+9.3%) Land $29,600 Building $119,600 | |
| 2024 | $3,424.00 (+29.4%) | $136,500 (+41.74%) Land $28,100 Building $108,400 | $136,500 (+41.74%) Land $28,100 Building $108,400 |
| 2023 | $2,646.00 | ||
| 2022 | $96,300 Land $25,300 Building $71,000 | $96,300 Land $25,300 Building $71,000 |
428 E Sheridan St is in FEMA Zone X, outside the Special Flood Hazard Area, with indirect wildfire exposure (Low risk).
Source: FEMA National Flood Hazard Layer · St. Louis County (27137C), updated March 24, 2025
| FEMA Flood Zone | Zone X minimal flood hazard · outside the 0.2% annual chance floodplain |
|---|---|
| Special Flood Hazard Area | No |
Source: USDA Forest Service Wildfire Risk to Communities · 2nd edition (2024), fuels as of 2020
| Wildfire Risk to Homes | Low 20th percentile of exposed land nationally · 39th in Minnesota |
|---|---|
| Wildfire Likelihood | Low — about 1 in 5,000 per year |
| Exposure | Indirect within ember reach of burnable land |
Values are read at the parcel center point; lenders make the official flood determination.
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