Bear Island Land Company
Chapman Street Opportunity

Northeastern MN commercial property near the BWCA

 

Listed By: Wesley Crawford
PROPERTY #1522
PRICE: $135,000
TERMS: cash or bank financing
ADDRESS: 118 East Chapman Street
PROPERTY DESCRIPTION: Excellent opportunity for your entrepreneur skills. This property is located in the heart of the downtown district of Chapman Street. The downstairs electric has been updated and the wood floors refinished. The large show-room window opens into a 19' x 38' room with stamped tin walls and ceiling. Also on the main level are 3 other potential office spaces or show rooms, (10' x21', 10' x8', and 9' x18'), as well as a wheel chair accessible half bath. Upstairs there is a 2-bedroom 1-bath apartment with a sun deck, which could be used as either owner's quarters or as a rental. The full basement provides plenty of storage area and if you need more there is a 1-car garage with an attached storeroom.

 

BUSINESS INCLUDED: no REAL ESTATE INCLUDED: yes
LOCATION: downtown
ZONING: Commercial
APX FOUNDATION: 21' x 70' APX SQUARE FOOTAGE: 2,000
BASEMENT: full
HEATING: forced air, oil
UTILITIES: city water, city sewer, electric
CONSTRUCTION: frame/wood
FLOORS: wood
CEILING HEIGHT: 8-10 feet
# OF STORIES: 2
PARKING: parking garage, off street parking
LEGAL DESCRIPTION: Lot 5, Block 18, Plat of City of Ely
APX LOT SIZE: 25' x 125'
TAXES: $2,218 in 2007
CLASSIFICATION: homestead/commercial
PARCEL CODE: 30-10-2100

While all information and figures are believed to be reliable,
the providing broker cannot guarantee their accuracy.

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