2331 Old Highway 169 Ely, MN 55731

Located approximately 5 miles south of Ely, Minnesota, this commercial property offers a live-work opportunity on 11.5 acres. The property is situated on a paved road with visibility from the corner of Highway 169 and Grant McMahan. It includes a year-round house with one bedroom and one bathroom, featuring a screened porch with the potential for a second bedroom. A 4920-square-foot storage building is present, equipped with 17-foot high double doors on each end, an office with laundry and bath facilities, a one-bedroom, one-bathroom upstairs apartment, and indoor storage for 14 boats. Outdoor storage accommodates 50+ boats, with room for expansion and the potential to construct additional storage buildings. The business includes boat storage, rental, and servicing, with books supporting the asking price. Most storage is a repeat contract for 6-7 months and includes retrieval from the lake, motor winterization, storage, and spring launch. Additional services such as tune-ups and rigging are provided as needed. There are currently 128 boats shrink-wrapped on or off-site, including commercial multi-boat clients. The business also includes 2 pontoon rentals. The property features a new septic system installed in 2021, a 145 ft drilled well, and Starlink internet. This is a turnkey opportunity to own your own business in Ely.