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    Ely, MN
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    Ely, MN Apartment Buildings for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    Mixed-Use Building in Downtown Ely
    $390,000
    8,078 SF

    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    Two-story building with restaurant and four apartments in Ely.

    • Prime downtown Ely location on Highways 1/169.
    • Multi‑purpose commercial real estate with restaurant and apartments.
    • Restaurant space of 4,014 sq. ft. with seating for 150.
    • Four residential rental units on the second floor.
    • Income potential from 3 out of 4 rented apartment units.
    Updated: Aug 1, 2024
    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building in Downtown
    $129,000
    1,892 SF

    Mixed-Use Building in Downtown

    Downtown commercial building with retail space and rental apartments.

    426 3rd Street, International Falls, MN 56649
    View details
    Updated Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Updated Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik,MN.

    400 Main S Street, Biwabik, MN 55708
    View details
    Profitable Hobby Store with Apartments
    $375,000
    0.14 Acres

    Profitable Hobby Store with Apartments

    Established hobby store with income-generating apartments in downtown International Falls.

    327 3rd Street, International Falls, MN 56649
    View details
    Biwabik Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Biwabik Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.

    400 Main Street S, Biwabik, MN 55708
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details
    Norman Land For Luxury Condos
    $285,000
    0.74 Acres

    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072
    View details
    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres

    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072
    View details

    Off-Market Properties in Ely, MN

    Consider similar Off-Market properties in Ely, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    127 1st E Ave

    127 1st E Ave

    APARTMENT HOUSE (5+ UNITS) • 4,476 SF
    Value Estimation by Request
    127 1st E Ave, Ely, MN 55731-1261
    View details
    338 4th E Ave

    338 4th E Ave

    APARTMENT HOUSE (5+ UNITS) • 2,320 SF
    Value Estimation by Request
    338 4th E Ave, Ely, MN 55731-1553
    View details
    100 2nd W Ave, Unit 2

    100 2nd W Ave, Unit 2

    APARTMENT HOUSE (5+ UNITS) • 9,990 SF
    Value Estimation
    $1,175,000
    100 2nd W Ave, Ely, MN 55731-1168
    View details

    Ely, MN Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 8,078 square feet of properties for sale, with an estimated market value of $390,000.

    Sale prices for two-family homes in Ely, MN start at $390,000, averaging $390,000, and reaching up to $390,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per sq ft
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

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