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    Ely, MN
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    Ely, MN Land for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    6 properties
    Forested Recreation Land Parcel
    Updated: Jul 13
    Forested Recreation Land Parcel

    1648 Golden Ridge Trail, Ely, MN 55731

    $154,000
    20.00 AC lot
    20‑acre forested parcel on Golden Ridge Trail, just off Echo Trail near Ely
    Electric service brought directly to the site in the heart of the property
    Handcrafted outhouse on the property
    Includes an elevated deer stand with a comfortable staircase for access
    Hundreds of acres of adjoining State land border the west, southwest, and east sides
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    Burntside Lake 5-Acre Parcel
    Updated: Sep 6, 2025
    Burntside Lake 5-Acre Parcel

    Waters Island, Ely, MN 55731

    $945,000
    5.30 AC lot
    5‑acre parcel on Waters Island, Burntside Lake's largest and most central island.
    South and west‑facing exposure with stunning views of the Boundary Waters Wilderness.
    Private setting with level building sites among Norway pines and a granite bluff.
    Secluded bay ideal for swimming and sheltered boat mooring.
    Includes mainland dock with parking and short driveway access.
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    Wooded Waterfront Homesite
    Wooded Waterfront Homesite

    417 Barrel Road, Ely, MN 55731

    $347,000
    2.80 AC lot

    A private, surveyed 2.8-acre south-shore lot with power at the road, reviewed septic site, and 205 feet of shoreline.

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    Burntside Lake 5-Acre Island Parcel
    Burntside Lake 5-Acre Island Parcel

    Waters Island, Ely, MN 55731

    $945,000
    5.30 AC lot

    Spectacular Burntside Lake property with south and west facing exposure.

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    Fall Lake Waterfront Homesite
    Fall Lake Waterfront Homesite

    417 Barrell Road, Ely, MN 55731

    $347,000
    2.80 AC lot

    2.8 acres on Fall Lake, near Boundary Waters Canoe Area.

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    Residential Lot in Ely, MN
    Residential Lot in Ely, MN

    2120 Sibley Court, Ely, MN 55731

    $45,000
    0.86 AC lot

    0.86 acre residential lot near trails and wilderness.

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    Based on your search, we've compiled 56 Potential Opportunities for your consideration. Besides 6 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 45 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Lake Vermilion Road Access Land
    Lake Vermilion Road Access Land

    E Armstrong Bay Road, Tower, MN 55790

    $474,500
    3.44 AC lot

    3.4 acre lot with 240 ft shoreline.

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    Land Near Lake Vermilion
    Land Near Lake Vermilion

    Hwy 169, Soudan, MN 55782

    $69,000
    3.59 AC lot

    3.59-acre parcel near Lake Vermilion and State Park.

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    Lake Vermilion Road Access Building Lot
    Lake Vermilion Road Access Building Lot

    Armstrong Bay Road, Tower, MN 55790

    $474,500
    3.44 AC lot

    3.4 acre building lot with 240 ft shoreline.

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    Lake Vermilion Waterfront Land
    Lake Vermilion Waterfront Land

    Pine Narrows lot: 10, Tower, MN 55790

    $189,000
    6.00 AC lot

    6-acre waterfront land with 821 ft shoreline on Lake Vermilion.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    68 Acres Tillable Land For Sale
    68 Acres Tillable Land For Sale

    Saint Johns, MI 48879

    $499,000
    68.30 AC lot

    68 acres of tillable land suitable for multiple uses.

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    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.

    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    1.49 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    0.23 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    0.10 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    0.21 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    0.09 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $2,990,000
    Estimated value
    0.06 AC lot
    View details
    10 Pattison St
    VACANT COMMERCIAL LAND

    10 Pattison St, Ely, MN 55731-1357

    Value Estimation by Request
    0.02 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $855,000
    Estimated value
    0.01 AC lot
    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    0.56 AC lot
    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    3.79 AC lot
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    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    4.19 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    View details
    1106 Kawishiwi Trl
    INDUSTRIAL - VACANT LAND

    1106 Kawishiwi Trl, Ely, MN 55731-0009

    Value Estimation by Request
    14.39 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    Value Estimation by Request
    0.15 AC lot
    View details
    1371 Old Airport Rd
    INDUSTRIAL - VACANT LAND

    1371 Old Airport Rd, Ely, MN 55731

    Value Estimation by Request
    40.00 AC lot
    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    36.00 AC lot
    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    Value Estimation by Request
    20.06 AC lot
    View details
    1334 Hwy 169
    INDUSTRIAL - VACANT LAND

    1334 Hwy 169, Ely, MN 55731-8129

    Value Estimation by Request
    40.00 AC lot
    View details

    Ely, MN Land Market Trends and Statistics

    Explore 51 land for sale in Ely, MN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,783,000.

    Sale prices for lots in Ely, MN start at $45,000, averaging $463,833, and reaching up to $945,000 — 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

    Waterfront Land 4
    Recreation land 3
    Residential land & home lots 2
    Hunting land 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 $403.6K

    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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