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    Ely, MN
    Hospitality

    Ely, MN Hospitality Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN
    Lakeside Resort Property
    Updated: Feb 10
    Lakeside Resort Property

    474 Kawishiwi Trl, Ely, MN 55731

    $2,800,000
    3,680 sqft
    Over 650’ of White Iron Lake shoreline
    +/- 3 acres with direct access to the Boundary Waters Canoe Area Wilderness
    6 lakeside resort cabins
    2‑bedroom owner’s residence
    Includes office, gift shop, equipment building, workshop, and food packaging area
    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.

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    1 active listing matches your search: Hospitality for sale in Ely, MN. Based on your search, we've also compiled 44 Potential Opportunities for your consideration: 4 properties in nearby cities and 40 off-market properties to explore as potential leads.

    Opportunities in Nearby Cities

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

    Historic Bed and Breakfast Inn
    Historic Bed and Breakfast Inn

    30 Center St, Soudan, MN 55782

    $845,000
    8,894 sqft

    Historic inn originally built as a mining hospital, with private-bath rooms and main and lower-level kitchens for gatherings.

    View details
    Waterfront Resort Lodge
    Waterfront Resort Lodge

    37508 Bluewater Rd, Grand Rapids, MN 55744

    $250,000
    5,653 sqft

    Lodge property with bunk rooms, commercial kitchen, gas fireplace, and an accessible main area.

    View details
    Bed And Breakfast With Guest Rooms
    Bed And Breakfast With Guest Rooms

    30 Center St., Soudan, MN 55782

    $845,000

    Operating hospitality property with guest accommodations, private baths, multiple kitchens, and spacious areas for group gatherings.

    View details
    Lakefront Resort Lodge
    Lakefront Resort Lodge

    37508 Bluewater Road, Grand Rapids, MN 55744

    $250,000
    7.00 AC lot

    The lodge includes bunk rooms, a commercial kitchen, and a fireplace in its main gathering area.

    View details

    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.

    12007 Riverpoint Rd
    HOTEL-RESORT

    12007 Riverpoint Rd, Ely, MN 55731

    Estimated value:
    $215,000
    5.04 AC lot
    View details
    4995 Big Lk Rd
    HOTEL-RESORT

    4995 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $65,000
    380 sqft
    View details
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

    Estimated value:
    $240,000
    500 sqft 3.19 AC lot
    View details
    1850 Mitchell Shrs Rd
    HOTEL-RESORT

    1850 Mitchell Shrs Rd, Ely, MN 55731

    Estimated value:
    $160,000
    320 sqft
    View details
    4987 Big Lk Rd
    HOTEL-RESORT

    4987 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $185,000
    540 sqft
    View details
    4988 Big Lk Rd
    HOTEL-RESORT

    4988 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $490,000
    2,736 sqft
    View details
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

    Estimated value:
    $490,000
    View details
    4989 Big Lk Rd
    HOTEL-RESORT

    4989 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $70,000
    540 sqft
    View details
    1861 Mitchell Shrs Rd
    HOTEL-RESORT

    1861 Mitchell Shrs Rd, Ely, MN 55731

    Estimated value:
    $275,000
    2,142 sqft
    View details
    5000 Big Lk Rd
    HOTEL-RESORT

    5000 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $305,000
    1,056 sqft
    View details
    4997 Big Lk Rd
    HOTEL-RESORT

    4997 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $175,000
    718 sqft
    View details
    5011 Big Lk Rd
    HOTEL-RESORT

    5011 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $245,000
    2,128 sqft
    View details
    3811 Fenske Lk Rd
    HOTEL-RESORT

    3811 Fenske Lk Rd, Ely, MN 55731

    Estimated value:
    $295,000
    1,120 sqft
    View details
    3092 Pocahontas Trl
    HOTEL-RESORT

    3092 Pocahontas Trl, Ely, MN 55731

    Estimated value:
    $255,000
    1,024 sqft
    View details
    4998 Big Lk Rd
    HOTEL-RESORT

    4998 Big Lk Rd, Ely, MN 55731

    Estimated value:
    $215,000
    380 sqft
    View details
    3133 Fireside Dr
    HOTEL-RESORT

    3133 Fireside Dr, Ely, MN 55731-2200

    Estimated value:
    $290,000
    1,352 sqft
    View details

    Ely, MN Hospitality Properties Market Trends and Statistics

    Explore 41 hospitality properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 3,680 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for hospitality properties in Ely, MN average $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Resorts 2
    Campgrounds 1
    Motels 1

    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 $2.3M

    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)

    How Realmo verifies these figures

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    • 55731

    Featured Ely Real Estate Agencies

    Realmo connects you with licensed Ely CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Bear Island Realty, LLC
    943 E Sheridan St Ely, MN
    Phone: (218) 365-2800
    Wildwoods Land Company
    1325 E Sheridan St Ely, MN
    Phone: (218) 365-3665
    www.elywildwoods.com
    Canoe Capital Realty LLC
    203 E. Sheridan St Ely, MN 55731
    Phone: (218) 235-1084
    elycanoecapitalrealty.com/
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