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    Ely, MN
    Hospitality

    Ely, MN Hospitality Properties for Sale

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    Isabella, MN Babbitt, MN Soudan, MN Tower, MN Embarrass, 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
    Partially Completed RV Resort
    Updated: Apr 13
    Partially Completed RV Resort

    2121 E Camp St, Ely, MN 55731

    Contact for pricing
    20.00 AC lot
    Approximately 20 acres in Ely, Minnesota
    Approvals for 59 RV sites
    Expansion potential to 112–120 total sites, subject to CUP modification and city approval
    23 luxury full‑hookup RV sites
    16 legacy concrete pads available for conversion
    View details
    See what stands out in St. Louis County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 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
    Riverfront Resort with Cabins
    Riverfront Resort with Cabins

    10418 Ash River Trl, Orr, MN 55771

    $2,500,000
    18,430 sqft 10.00 AC lot

    Hospitality property with lodging, marina facilities, owner accommodations, staff housing, and a full-service dining venue.

    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
    Riverfront Cabin Resort
    Riverfront Cabin Resort

    10418 Ash River Trail, Orr, MN 55771

    $2,500,000

    Hospitality property with cabins, docks, lodging support spaces, and an on-site restaurant and bar.

    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
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

    Estimated value:
    by Request
    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
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

    Estimated value:
    by Request
    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:
    by Request
    View details
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

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

    Ely, MN 55731

    Estimated value:
    by Request
    View details
    Ely, MN 55731
    HOTEL-RESORT

    Ely, MN 55731

    Estimated value:
    by Request
    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
    2239 Echo Trl
    HOTEL-RESORT

    2239 Echo Trl, Ely, MN 55731-8158

    Estimated value:
    by Request
    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 42 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)

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