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    Ely, MN Land for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    6 results
    Burntside Lake 5-Acre Parcel
    $945,000
    5.30 Acres

    Burntside Lake 5-Acre Parcel

    Waters Island, Ely, MN 55731

    Spectacular 5-acre parcel on Burntside Lake's Waters Island.

    • 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.
    Updated: Sep 6, 2025
    View details
    Fall Lake Waterfront Homesite
    $347,000
    2.80 Acres

    Fall Lake Waterfront Homesite

    417 Barrell Road, Ely, MN 55731

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

    • 205 ft excellent swimming shoreline on Fall Lake
    • Direct boat access to the Boundary Waters Canoe Area (BWCA)
    • Private 2.8 wooded acres on a premier lake
    • Year‑round road access and utilities available
    • Gradual elevation to the water with choice building sites
    Updated: May 1
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    Fall Lake Waterfront Homesite
    $347,000
    2.80 Acres

    Fall Lake Waterfront Homesite

    2.8 acres with 205 ft shoreline on Fall Lake.

    Ely, MN 55731
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    Buildable Lot Near Trezona Trail
    $42,000
    0.81 Acres

    Buildable Lot Near Trezona Trail

    0.81-acre buildable lot near Trezona Trail in Ely, MN.

    Trezona Dr, Ely, MN 55731
    View details
    Burntside Lake 5-Acre Island Parcel
    $945,000
    5.30 Acres

    Burntside Lake 5-Acre Island Parcel

    Spectacular Burntside Lake property with south and west facing exposure.

    Tbd Waters Island, Ely, MN 55731
    View details
    Residential Lot in Ely, MN
    $45,000
    0.86 Acres

    Residential Lot in Ely, MN

    0.86 acre residential lot near trails and wilderness.

    2120 Sibley Court, Ely, MN 55731
    View details
    Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 6 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 46 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 Building Lot
    $124,500
    4.60 Acres

    Lake Vermilion Building Lot

    4.6 acre lot with 250 ft shoreline on Lake Vermilion.

    Tower, MN 55790
    View details
    Lake Vermilion Road Access Building Lot
    $474,500
    3.44 Acres

    Lake Vermilion Road Access Building Lot

    3.4 acre building lot with 240 ft shoreline.

    Tower, MN 55790
    View details
    Land For Sale Babbitt
    $69,000

    Land For Sale Babbitt

    Land available in Babbitt, Minnesota.

    8352 Highway 21 N, Babbitt, MN 55706
    View details
    Lake Vermilion Waterfront Land
    $189,000
    6.00 Acres

    Lake Vermilion Waterfront Land

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

    Lot 10 Pine Narrows, Tower, MN 55790
    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
    $499,000
    68.30 Acres

    68 Acres Tillable Land For Sale

    68 acres of tillable land suitable for multiple uses.

    Saint Johns, MI 48879
    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
    Lot: 1.49 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.23 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.10 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.21 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.09 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.06 Acres
    Estimated value
    $2,990,000

    Ely, MN 55731

    View details
    10 Pattison St
    VACANT COMMERCIAL LAND
    Lot: 0.02 Acres
    Value Estimation by Request

    10 Pattison St, Ely, MN 55731-1357

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.01 Acres
    Estimated value
    $855,000

    Ely, MN 55731

    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND
    Lot: 0.56 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND
    Lot: 3.79 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND
    Lot: 4.19 Acres
    Value Estimation by Request

    Ely, MN 55731

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

    Ely, MN 55731

    View details
    1106 Kawishiwi Trl
    INDUSTRIAL - VACANT LAND
    Lot: 14.39 Acres
    Value Estimation by Request

    1106 Kawishiwi Trl, Ely, MN 55731-0009

    View details
    Ely, MN 55731
    VACANT COMMERCIAL LAND
    Lot: 0.15 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    1371 Old Airport Rd
    INDUSTRIAL - VACANT LAND
    Lot: 40.00 Acres
    Value Estimation by Request

    1371 Old Airport Rd, Ely, MN 55731

    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND
    Lot: 36.00 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    Ely, MN 55731
    INDUSTRIAL - VACANT LAND
    Lot: 20.06 Acres
    Value Estimation by Request

    Ely, MN 55731

    View details
    1334 Hwy 169
    INDUSTRIAL - VACANT LAND
    Lot: 40.00 Acres
    Value Estimation by Request

    1334 Hwy 169, Ely, MN 55731-8129

    View details

    Ely, MN Land Investment Opportunities Market Analysis

    Explore 52 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 $2,671,000.

    Sale prices for lots in Ely, MN start at $42,000, averaging $445,166, 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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    Map

    Top Commercial Asset Segments

    Waterfront Land 4
    Residential land & home lots 3
    Recreation land 2

    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 median listing prices of real estate assets

    Neighborhood Average Price
    55731 $445.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per sq ft
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

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