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    Ely, MN Automotive Properties for Sale

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    Babbitt, MN Soudan, MN Tower, MN
    Ely Commercial/Industrial Opportunity
    $498,500
    720 SF

    Ely Commercial/Industrial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    Live and work opportunity in Ely, Minnesota.

    • Established boat storage/rental/servicing business with verifiable financials and growth potential.
    • Includes a year‑round 1 bedroom house (potential for 2nd bedroom) and a 1 bedroom apartment, offering living and rental income.
    • Features a large 4920 sq ft storage building with high doors, office, laundry, and indoor boat storage.
    • 11.5 acre property with highway visibility and ample outdoor storage space for 50+ boats with room for expansion.
    • Turnkey operation with existing contracts for storage, winterization, and launch services, plus pontoon rentals and shrink wrapping services.
    Updated: Jul 13, 2025
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    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres

    Ely Commercial Live-Work Opportunity

    2331 Old Highway 169, Ely, MN 55731

    Live and work opportunity in Ely, Minnesota with passive income.

    • Established boat storage/rental/servicing business with verifiable financials.
    • Passive income and excellent growth potential in the recreational boating industry.
    • Includes a year‑round 1‑bedroom house (potential for 2nd bedroom) and a 1‑bedroom apartment.
    • Large 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
    • Located on 11.5 acres with high visibility from Highway 169, near Ely.
    Updated: Jul 13, 2025
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    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

    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.

    205 Central Ave

    205 Central Ave

    AUTO REPAIR, GARAGE • 3,500 SF
    Value Estimation by Request
    205 Central Ave, Ely, MN 55731-1212
    View details

    Ely, MN Automotive Properties Investment Opportunities Market Analysis

    Explore 3 automotive properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 720 square feet of properties for sale, with an estimated market value of $498,500.

    Sale prices for automotive businesses in Ely, MN start at $498,500, averaging $498,500, and reaching up to $498,500 — 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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    Top Commercial Asset Segments

    Parking lots & garages 2

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Ely submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    55731 $498.5K

    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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