Explore the endless possibilities of owning Ely’s most unique property, located in the heart of downtown. This commercial building, boasting 4,000 sq ft per floor and spanning two stories with a full basement, presents an impressive 12,000 sq ft of versatile space. Recognized as Ely’s first fireproof building, its solid construction features concrete and I-beam floors, creating a structure that exudes strength and durability. Seller has recently replaced the roof. The ground floor is divided into two separate retail spaces, currently (1) occupied and (1) vacant. One side features a complete kitchen and bath alongside retail space, while the other offers a full bath, office, and additional retail area. These retail locations can provide a steady income stream and add vibrancy to the bustling downtown scene. The real magic unfolds on the top floor, recently revitalized to enhance its charm. This level features a living space, newly updated kitchen, a full bath, a spacious bedroom and a comfortable living room. The freshly replaced windows showcase the structure’s durability and invite an abundance of natural light into each section of the living area. The highlight of this floor remains the expansive open space adorned with antique tin ceilings. This versatile area is a blank canvas, ready to be transformed into a banquet hall, an art studio, or a vibrant live music venue. Unleash your imagination and creativity to their fullest, capitalizing on the potential of this unique and durable space. Whether you are an investor seeking a lucrative opportunity with tenants or an entrepreneur looking to make a mark in the heart of Ely, this commercial property offers the perfect canvas for your ambitions. Seize the chance to own a piece of history while unlocking the future potential of this remarkable building in downtown Ely.