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    Ely, MN
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    Ely, MN Land for Sale

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    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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    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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    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.

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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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    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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    Elevated Waterfront Land Parcel
    Elevated Waterfront Land Parcel

    3506 Hanson Lake Rd, Ely, MN 55731

    $550,000
    3.90 AC lot

    Waterfront land with elevated west-facing shoreline and surveyed approval for septic.

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    Turnkey Waterfront Recreation Lot
    Turnkey Waterfront Recreation Lot

    2148 Haapala Rd, Ely, MN 55731

    $159,000
    5.00 AC lot

    A ready-to-build 5-acre parcel with cleared site, driveway, private well, power, septic, and water hookups.

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    Waterfront Land with Lake Access
    Waterfront Land with Lake Access

    1 Fernberg Road, Ely, MN 55731

    $171,325

    Surveyed parcel offers septic-approved sites, utility availability, and a developed road to the property edge.

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    Waterfront Land with Lake Access
    Waterfront Land with Lake Access

    13324 Farm Lake Access Rd, Ely, MN 55731

    Contact for pricing

    Level shoreline, established tree cover, and nearby power availability create a practical setting for recreational land use.

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    Wooded Landholding with Water Views
    Wooded Landholding with Water Views

    200 Pine Rd, Ely, MN 55731

    Contact for pricing

    Heavily wooded acreage includes gravel, soil, gradual elevations, and unobstructed views across water and surrounding woods.

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    Land
    Land

    1322 N 18th Ave, Ely, MN 55731

    Contact for pricing

    Residential land & home lots

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    Land
    Land

    13326 Farm Lake Access Road, Ely, MN 55731

    Contact for pricing

    Waterfront Land

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    Land
    Land

    13328 Farm Lake Access Rd, Ely, MN 55731

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    Waterfront Land

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    Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 14 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

    Opportunities in Nearby Cities

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

    Northwoods Waterfront Wilderness Land
    Northwoods Waterfront Wilderness Land

    3XXX County Road 904, Babbitt, MN 55706

    $750,000
    125.00 AC lot

    Approximately 125 acres with about 1,800 feet of private shoreline on Joseph Lake, plus two non-lakefront lots.

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    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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    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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    Commercial Land with Utilities
    Commercial Land with Utilities

    Lot 15 Commerce Rd, Babbitt, MN 55706

    Contact for pricing

    Commercial lots offer available sewer and water, with electricity already on site.

    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.

    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    $400,000
    Estimated value
    1.49 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $240,000
    Estimated value
    0.23 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $255,000
    Estimated value
    0.10 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $245,000
    Estimated value
    0.21 AC lot
    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND

    Ely, MN 55731

    $85,000
    Estimated value
    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

    $340,000
    Estimated value
    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

    $260,000
    Estimated value
    0.56 AC lot
    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND

    Ely, MN 55731

    $250,000
    Estimated value
    3.79 AC lot
    View details

    Ely, MN Land Market Trends and Statistics

    Explore 59 land for sale in Ely, MN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 1,968,236 square feet of properties for sale, with an estimated market value of $6,418,325.

    Sale prices for lots in Ely, MN start at $154,000, averaging $713,147, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Waterfront Land 13
    Recreation land 9
    Residential land & home lots 5
    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 $649.8K

    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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