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    Ely, MN
    Cannabis Properties

    Ely, MN Cannabis Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Approved Cannabis Retail Property
    Updated: Jul 18
    Approved Cannabis Retail Property

    43 E Camp St, Ely, MN 55731

    $128,000
    7,000 sqft 0.60 AC lot
    City approval for cannabis retail and lower‑potency hemp edibles
    7,000 square feet on approximately 0.6 acres
    Upper‑level Suite 100 prepared for dispensary build‑out
    Lower level exceeds 3,000 square feet and has a private entrance
    Dedicated parking lot, multiple offices, storage, and two bathrooms
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    Cannabis-Approved Retail Building
    Updated: May 26
    Cannabis-Approved Retail Building

    43 E Camp St, Ely, MN 55731

    $128,000
    7,000 sqft
    Over 7,000 sq ft two‑level commercial building at 43 E Camp Street in downtown Ely, MN
    City of Ely Planning & Zoning has full approval for cannabis retail and lower‑potency hemp edibles (approval letter available upon request)
    Upper level (Suite 100) is partially demo’d and ready for dispensary build‑out
    Lower level has 3,000+ sq ft with a private entrance, dedicated parking lot, multiple offices, generous storage, and two bathrooms
    Agent‑owned property with pre‑opening work completed, including construction documents, build‑out drawings, and pro formas
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Cannabis Cultivation Facility with Grow Pods
    Cannabis Cultivation Facility with Grow Pods

    206 E Park Drive, Kalkaska, MI 49646

    $725,000
    7,316 sqft

    Industrial-zoned facility with office, warehouse, outdoor grow pods, and included cultivation equipment.

    View details
    Cannabis Processing Facility
    Cannabis Processing Facility

    1874 E ELDER RD, Mancelona, MI 49659

    Contact for pricing
    2,560 sqft

    Purpose-built operation includes processing infrastructure and large overhead doors.

    View details
    Cultivation Facility with Class C License
    Cultivation Facility with Class C License

    312 E Dresden St, Kalkaska, MI 49646

    $469,999
    0.92 AC lot

    Operating adult-use cultivation facility with real estate and Class C license.

    View details
    Recreational Cannabis Farm Land
    Recreational Cannabis Farm Land

    568 E Simpson Rd, Mancelona, MI 49659

    Contact for pricing
    29.42 AC lot

    Flat, cleared agricultural land totaling 29.42 acres, subdivided into 6 lots with electrical on site.

    View details

    Ely, MN Cannabis Properties Market Trends and Statistics

    Explore 2 cannabis properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 33,136 square feet of properties for sale, with an estimated market value of $256,000.

    Sale prices for weed farms in Ely, MN average $128,000 — 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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    Commercial property segments ranked by active listings on the market

    Cannabis Properties 2

    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 $150K

    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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