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    Ely, MN Commercial Real Estate for Sale

    13 results
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    Ely Commercial Property with Income
    $285,000
    3,768 SF

    Ely Commercial Property with Income

    120 E Sheridan St, Ely, MN 55731

    Commercial building with high traffic and dual rental income.

    • High‑traffic location on Sheridan Street (7,700 vehicles/day) in Ely's main business corridor, ideal for attracting customers.
    • Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    • Versatile commercial space divisible into two separate units for multiple tenants or increased rental income.
    • 3,000+ sq ft commercial building with four large display windows for showcasing merchandise.
    • Located in a tourism‑rich area near the Boundary Waters Canoe Area Wilderness, state parks, and resorts.
    Updated: Sep 9, 2025
    View details
    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    Two-level, 6,900 SF commercial building in downtown Ely.

    • Prime downtown Ely location.
    • Two levels with separate entrances, suitable for multiple businesses.
    • Large total square footage (6,900 sq ft) with open floor plans on both levels.
    • Main level features a large open space, private room, and two overhead garage doors.
    • Second level includes a stage, kitchen, and private office.
    Updated: Dec 3, 2025
    View details
    Bar and Grill Opportunity
    $249,000
    2,840 SF

    Bar and Grill Opportunity

    Bar and grill with outdoor seating near Babbitt entrance.

    2667 Hwy 70, Ely, MN 55731
    View details
    Ely Commercial/Industrial Opportunity
    $498,500
    720 SF

    Ely Commercial/Industrial Opportunity

    Live and work opportunity in Ely, Minnesota.

    2331 Old Highway 169, Ely, MN 55731
    View details
    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres

    Ely Commercial Live-Work Opportunity

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

    2331 Old Highway 169, Ely, MN 55731
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    Ely Downtown Commercial Gem
    $455,000
    0.14 Acres

    Ely Downtown Commercial Gem

    Prime retail space, endless potential.

    137 Sheridan St, Ely, MN 55731
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    Ely Mixed-Use Investment Opportunity
    $419,900
    0.29 Acres

    Ely Mixed-Use Investment Opportunity

    Historic building, retail & apartment

    401 Sheridan St, Ely, MN 55731
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    Downtown Ely Commercial Gem
    $300,000
    0.19 Acres

    Downtown Ely Commercial Gem

    6,900 SF, Two-Level Building, High Potential

    29 Chapman St, Ely, MN 55731
    View details
    Ely Outfitting Business For Sale
    $3,300,000
    3.00 Acres

    Ely Outfitting Business For Sale

    Turn-key Outfitting Business, 3 Acres, Lakefront

    474 Kawishiwi Trl, Ely, MN 55731
    View details
    Established Ely Ice Business For Sale
    $349,000
    0.16 Acres

    Established Ely Ice Business For Sale

    Profitable Ice Business w/ Real Estate

    442 15Th Ave, Ely, MN 55731
    View details
    Ely, MN Outfitters Resort
    $3,870,000
    3.45 Acres

    Ely, MN Outfitters Resort

    Prime BWCA Outfitter, High Returns

    14694 Vosburgh Rd, Ely, MN 55731
    View details
    Mixed-Use Building in Downtown Ely
    $390,000
    8,078 SF

    Mixed-Use Building in Downtown Ely

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

    216 E Sheridan St, Ely, MN 55731
    View details
    Ely MN Resort on Moose Lake
    $2,500,000
    3 SF

    Ely MN Resort on Moose Lake

    Premier Boundary Waters outfitter on 3.45 acres with 500ft shoreline.

    14694 Vosburgh Rd, Ely, MN 55731
    View details
    Based on your search, we've compiled 406 Potential Opportunities for your consideration. Besides 13 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 389 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

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

    Gorgeous Land in True North
    $184,900
    0.49 Acres

    Gorgeous Land in True North

    Premier fishing, hunting, and recreational getaway in northern Minnesota.

    1 N Kelly Trl, Isabella, MN 55731
    View details
    Lake Vermilion Waterfront Building Lot
    $124,500
    4.60 Acres

    Lake Vermilion Waterfront Building Lot

    4.6 acre Lake Vermilion building lot with 250ft shoreline.

    5773 Lake Vermilion N, Tower, MN 55790
    View details
    Mixed-Use Property in Tower, MN
    $176,000
    1,512 SF

    Mixed-Use Property in Tower, MN

    Commercial property with residential living quarters in downtown Tower.

    507 Main St, Tower, MN 55790
    View details
    Highway 1 Commercial Opportunity
    $240,000
    2,112 SF

    Highway 1 Commercial Opportunity

    Established cafe with apartment, cabin, and storage building.

    9375 Highway 1, Isabella, MN 55607
    View details

    Explore 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.

    14694 Vosburgh Rd

    14694 Vosburgh Rd

    Hotels • 3.45 Acres
    Value Estimation by Request
    14694 Vosburgh Rd, Ely, MN 55731
    View details
    3231 Wolf Lake Rd

    3231 Wolf Lake Rd

    Hotels • 5,250 SF
    Value Estimation by Request
    3231 Wolf Lake Rd, Ely, MN 55731
    View details
    342 Sheridan St

    342 Sheridan St

    Specialty properties • 2,240 SF
    Value Estimation by Request
    342 Sheridan St, Ely, MN 55731
    View details
    401 Sheridan St

    401 Sheridan St

    Mixed-use properties • 0.29 Acres
    Value Estimation by Request
    401 Sheridan St, Ely, MN 55731
    View details
    474 Kawishiwi Trl

    474 Kawishiwi Trl

    Investment properties • 3.00 Acres
    Value Estimation by Request
    474 Kawishiwi Trl, Ely, MN 55731
    View details
    2140 Old Airport Rd

    2140 Old Airport Rd

    MANUFACTURING (LIGHT) • 1,764 SF
    Value Estimation
    $275,000
    2140 Old Airport Rd, Ely, MN 55731
    View details
    811 Tomahawk Rd

    811 Tomahawk Rd

    INDUSTRIAL (GENERAL)
    Value Estimation by Request
    811 Tomahawk Rd, Ely, MN 55731
    View details
    202 Central Ave

    202 Central Ave

    MANUFACTURING (LIGHT) • 1,200 SF
    Value Estimation
    $265,000
    202 Central Ave, Ely, MN 55731
    View details
    2245 Robich Rd

    2245 Robich Rd

    MANUFACTURING (LIGHT) • 5,760 SF
    Value Estimation
    $315,000
    2245 Robich Rd, Ely, MN 55731
    View details
    33 Sheridan St

    33 Sheridan St

    COMMERCIAL (GENERAL) • 7,605 SF
    Value Estimation
    $325,000
    33 Sheridan St, Ely, MN 55731-1213
    View details
    1520 Sheridan St

    1520 Sheridan St

    COMMERCIAL (GENERAL) • 2,091 SF
    Value Estimation
    $285,000
    1520 Sheridan St, Ely, MN 55731-1855
    View details

    Ely, MN Commercial Real Estate Investment Opportunities Market Analysis

    Explore 356 commercial real estate investment opportunities in Ely, MN with 13 listings featured on our commercial real estate marketplace. The current inventory includes 14,605,233 square feet of properties with an estimated value of $24,918,400.

    Estimated prices for commercial real estate in Ely, MN begin at $42,000, with an average of $429,627 and extend to $3,870,000.

    In Ely, MN, current investment values show:

    • Other commercial real estate positioned at $388,378
    • Specialty properties measuring $266,416
    • Other specialty properties assessed at $220,000
    • Hospitality properties calculated at $1,141,250
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    Browse Commercial real estate for Sale Near Ely, MN

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    Most Searched ZIP Codes in Ely, MN

    • 55731

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