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    Ely, MN Automotive Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN
    Ely, MN Commercial Opportunity
    Updated: Jul 13, 2025
    Ely, MN Commercial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    $498,500
    4,920 sqft · 11.50 AC lot
    11.5‑acre property on paved road with visibility from the corner of Hwy 169 & Grant McMahan, about 5 miles from Ely
    4,920 SF storage building with 17‑ft high double doors on each end, plus office with laundry and bath
    Indoor boat storage for 14 boats, with 50+ boats stored outside and room for additional storage buildings
    On‑site living and rental: 1 bed/1 bath year‑round house and a 1 bed/1 bath upstairs year‑round apt
    Business setup includes repeat 6–7 month storage contracts covering retrieval from lake, motor winterization, spring launch, plus tune‑ups/rigging
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Multi-Tenant Flex and Warehouse Property
    Multi-Tenant Flex and Warehouse Property

    5547 Highway 2, Hermantown, MN 55810

    $845,000
    14,130 sqft · 6.92 AC lot

    Nine currently leased commercial spaces offer a mix of car sales, repair, warehouse, and office-ready areas.

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    Highway Frontage Commercial Opportunity
    Highway Frontage Commercial Opportunity

    110 Hwy. 53, Cook, MN 55723

    $129,900
    0.45 AC lot

    Commercial property with highway frontage, former car wash, and residence.

    View details
    Multi-Tenant Automotive and Warehouse Property
    Multi-Tenant Automotive and Warehouse Property

    5547 Highway 2, Hermantown, MN 55810

    $845,000
    14,130 sqft · 6.92 AC lot

    Property offers nine commercial spaces currently leased for car sales, repair, warehouse, and office uses.

    View details
    Highway 53 Commercial Opportunity
    Highway 53 Commercial Opportunity

    10 S Highway 53, Cook, MN 55723

    $448,500
    8,640 sqft · 0.65 AC lot

    Commercial building on 0.65 acre corner lot.

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    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.

    Rainy Lake Shoreline Property
    Rainy Lake Shoreline Property

    County Road 94, International Falls, MN 56649

    $225,000
    0.20 AC lot

    Protected boat landing with docks and boathouse on Rainy Lake.

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    Business-Zoned Commercial Land
    Business-Zoned Commercial Land

    Industrial Avenue, Turtle Lake, WI 54889

    $950,000
    10.37 AC lot

    Business-zoned land with State Highway 63 frontage and paved city access for a range of commercial uses.

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    Commercial Land in Highway Business District
    Commercial Land in Highway Business District

    Pine Road NW, Rice, MN 56367

    $199,900
    3.50 AC lot

    3.5+ acres of B-3 Highway Business District land off Highway 10 with strong visibility and direct north-south access.

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    Commercial Land at Highway Intersection
    Commercial Land at Highway Intersection

    Forest Boulevard N, Forest Lake, MN 55025

    $699,000
    3.03 AC lot

    Over 3 acres on a high-traffic corner offer visibility and zoning for multiple retail, office, and light industrial uses.

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    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
    AUTO REPAIR, GARAGE

    205 Central Ave, Ely, MN 55731-1212

    Value Estimation by Request
    3,500 sqft
    View details

    Ely, MN Automotive Properties Market Trends and Statistics

    Explore 2 automotive properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 4,920 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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    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Ely submarkets with the highest inventory density on the market and evaluate the average 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 SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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