Advertise
    Ely, MN

    Ely, MN Commercial Real Estate for Sale

    Notify Me
    List
    Map
    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    17 properties
    Sort:
    Coffee Shop and Roasting Operation
    Updated: Apr 21
    Coffee Shop and Roasting Operation

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft 0.07 AC lot
    Business operation spans 2 W. Sheridan St. and 36 W. Sheridan St. in Ely
    Roasting room includes a 5lb Mill City Roaster
    Commercial bakery and kitchen at the 36 W. Sheridan production hub
    Two upper‑level units, each with 1 bedroom and 1 bathroom
    Society Hall offers coworking and event space
    View details
    Improved Restaurant with Patio
    Updated: Sep 9
    Improved Restaurant with Patio

    302 E Sheridan Street, Ely, MN 55731

    $1,100,000
    5,000‑square‑foot restaurant and bar property
    Building, bar, and kitchen improvements completed
    Large patio with outdoor games and live music area
    Commercial kitchen with dining and bar areas
    Central air conditioning and propane forced‑air heating
    View details
    Historic Corner Storefront
    Historic Corner Storefront

    145 E Chapman St, Ely, MN 55731

    $240,000

    Downtown commercial building with flexible leasing areas, central air, and updated major building systems.

    View details
    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft

    Retail frontage offers four display windows, off-street parking, and additional residential income potential.

    View details
    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    133 E Chapman Street, Ely, MN 55731

    $230,000

    Open commercial space is paired with an upper-level one-bedroom apartment and separate rear access.

    View details
    Boat Storage Marina Property
    Boat Storage Marina Property

    2331 Old Hwy 169, Ely, MN 55731

    $459,000

    Mixed-use property combines boat storage, service space, and year-round residential accommodations.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

    View details
    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft

    Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

    View details
    Marina with Boat Storage
    Marina with Boat Storage

    2331 Old Highway 169, Ely, MN 55731

    $459,000
    720 sqft 11.50 AC lot

    Operating marina property with residential accommodations, enclosed boat storage, outdoor capacity, and service-oriented improvements.

    View details
    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $209,000
    6,900 sqft 0.19 AC lot

    Two-level commercial building in downtown Ely with business potential.

    View details
    Natural Log Corner Retail Building
    Natural Log Corner Retail Building

    1600 E Sheridan St, Ely, MN 55731

    $450,000
    1,353 sqft

    Natural log building on a prominent corner lot, adjacent to a local grocery store.

    View details
    Turnkey Restaurant and Apartments
    Turnkey Restaurant and Apartments

    216 E Sheridan St, Ely, MN 55731

    $390,000
    6,800 sqft

    Purchase a fully equipped restaurant space with four apartments above, totaling about 6,800 square feet.

    View details
    Lakeside Resort Property
    Lakeside Resort Property

    474 Kawishiwi Trl, Ely, MN 55731

    $2,800,000
    3,680 sqft

    Resort property with lodging, outfitting facilities, and direct canoe access to the Boundary Waters Canoe Area Wilderness.

    View details
    Restaurant with Commercial Kitchen
    Restaurant with Commercial Kitchen

    955 E Sheridan St, Ely, MN 55731

    $215,000
    1,900 sqft

    Open-concept dining space features a fireplace, outdoor deck, and landscaped seating area.

    View details
    Downtown Ely Commercial Building For Sale
    Downtown Ely Commercial Building For Sale

    137 E Sheridan St, Ely, MN 55731

    $370,000
    4,200 sqft 0.14 AC lot

    Meticulously maintained retail space with investment and conversion potential.

    View details
    Partially Completed RV Resort
    Partially Completed RV Resort

    2121 E Camp St, Ely, MN 55731

    Contact for pricing
    20.00 AC lot

    RV resort with existing full-hookup sites, clubhouse improvements, caretaker housing, and room for additional development.

    View details
    Established Ice Business Opportunity
    Established Ice Business Opportunity

    442 N 15th Ave E, Ely, MN 55731

    $349,000
    0.16 AC lot

    Well-established ice business with real estate and equipment included.

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Ely, MN, we suggest to view alternatives - similar 55 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.

    440 15th E Ave
    COMMERCIAL (GENERAL)

    440 15th E Ave, Ely, MN 55731-1854

    Estimated value:
    $255,000
    4,100 sqft 1.07 AC lot
    View details
    106 Sheridan St
    COMMERCIAL (GENERAL)

    106 Sheridan St, Ely, MN 55731

    Estimated value:
    $330,000
    2,452 sqft
    View details
    12007 Riverpoint Rd
    HOTEL-RESORT

    12007 Riverpoint Rd, Ely, MN 55731

    Estimated value:
    $215,000
    5.04 AC lot
    View details
    14641 Canadian Border Rd
    RETAIL STORES (PERSONAL SERVICES)

    14641 Canadian Border Rd, Ely, MN 55731

    Estimated value:
    $580,000
    1,440 sqft 7.62 AC lot
    View details
    915 Sheridan St
    COMMERCIAL (GENERAL)

    915 Sheridan St, Ely, MN 55731

    Estimated value:
    $485,000
    9,375 sqft
    View details
    150 Sheridan St
    COMMERCIAL (GENERAL)

    150 Sheridan St, Ely, MN 55731-1123

    Estimated value:
    $275,000
    1,224 sqft
    View details

    Ely, MN Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Ely, MN, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 37,717 square feet of properties for sale, with an estimated market value of $9,083,000.

    Sale prices for business properties in Ely, MN start at $209,000, averaging $567,687, and reaching up to $2,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Ely, MN CRE market trends — vacancy, lease rates and price per SF, updated monthly
    List
    Map

    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 $640.2K

    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

    Office

    Residential Income

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Commercial real estate for Sale Near Ely, MN

    Popular Searches in Ely, MN

    Popular Categories

    Most Searched ZIP Codes in Ely, MN

    • 55731
    Why this one?
    Saved
    Reason not saved — we won't ask again

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!