Business and Building is ready to add to your asset list and IMMEDIATELY begin generating revenues. This Magnuson Ely Hotel offers 300ft of frontage, its situated along the busiest highway in town, Aultman St./ Hwy 50 where numerous people set off on multi-day journeys across the state. Ely is known for some of the best hunting in the state, offers recreational adventures, boasts 3 large operating copper and gold mine that has a steady stream of contractors, employees and support services needing a place to stay. The Ely Hotel boasts 21 guest rooms that are fully furnished and ready to rent! The property has been continuously maintained both for operational reliability and guest satisfaction supporting return clientele. Ely Hotel's reception is greeted by welcoming staff, offers customers a breakfast/ snack nook and a place to sit and enjoy. Behind the reception area, there is a large kitchen and office area where any food prep or administrative duties can be completed. To help operational efficiency, there's a comfortable onsite manager quarters/ apartment located above the front reception office of about 800sf. Seller Financing terms available for qualified applicants.