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    Ely, MN
    Commercial Kitchen

    Ely, MN Commercial Kitchens for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Restaurant with Commercial Kitchen
    Updated: Jun 5
    Restaurant with Commercial Kitchen

    955 E Sheridan St, Ely, MN 55731

    $215,000
    1,900 sqft
    Current restaurant operation with full commercial kitchen
    1,900 SF property in Ely, MN
    Open‑concept interior with fireplace and half‑log siding
    Outdoor deck surrounded by landscaping and seasonal flowers
    Customer access and parking options
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    This listing looks promising.

    Here's a quick look at some key insights for

    955 E Sheridan St, Ely, MN

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $8K
      Annual

    • Price @ 7% Cap

      $107K
      Suggested

    • Property Type

      Single Family Residence
      Built 1920
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

    Commercial Kitchen with Retail Area
    Commercial Kitchen with Retail Area

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft 0.13 AC lot

    Updated bakery facility with production equipment, customer seating, basement storage, and delivery access.

    View details
    Updated Commercial Kitchen Property
    Updated Commercial Kitchen Property

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft

    Brick commercial building with bakery equipment, customer seating, delivery access, and flexible food-production space.

    View details
    Historic Brownstone Restaurant Building
    Historic Brownstone Restaurant Building

    315 Turner Rd, Ashland, WI 54806

    Contact for pricing
    4,359 sqft 3.50 AC lot

    Brownstone restaurant building with bar/lounge, multiple dining areas, commercial kitchen, and wrap-around porch with Lake Superior views.

    View details
    Restaurant with Commercial Kitchen
    Restaurant with Commercial Kitchen

    201 Main St E, Ashland, WI 54806

    $249,900

    Corner restaurant includes booths, bar, a commercial kitchen, and dedicated upper-level office plus basement storage.

    View details

    Ely, MN Commercial Kitchens Market Trends and Statistics

    Explore 1 commercial kitchens for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 1,900 square feet of properties for sale, with an estimated market value of $215,000.

    Sale prices for industrial kitchens in Ely, MN average $215,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 2
    Conventional restaurants 2
    Commercial kitchens 1

    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 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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