2331 Old Hwy 169 Ely, MN 55731
- Added:
- Jul 13, 2025
- Days on Market:
- 269
- Last Refresh:
- Apr 7 at 1:06 am
Property Features for 2331 Old Hwy 169
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU-5
- Parking
- 10
- Parking features
- Garage
- Standard status
- Active
- APN
- 465-0040-05841
- Size
- 720 SF
Utilities
- Heating system
- Electric (Heating), Wood (Heating)
Building Details
- Roof type
- Asphalt, Metal, Shingle
- Architectural style
- Other
Listing agent Lisa Janisch (218) 780-6644
Listing office Janisch Realty Inc P O Box 517, Tower, MN (218) 780-6644
Listing date Jul 13, 2025
MLS# 148712
Listing URL
Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Ely Commercial/Industrial Opportunity
Located just 5 miles south of Ely, this commercial and industrial property offers an opportunity to live and work in northern Minnesota. Situated on 11.5 acres with visibility from the corner of Highway 169 and Grant McMahan, the property is zoned MU-5. It features a year-round one-bedroom house with a screened porch and potential for a second bedroom. A 4920-square-foot storage building includes 17-foot high double doors on each end, an office with laundry and bath, a one-bedroom apartment, and indoor storage for 14 boats. There is outdoor storage for 50+ boats, with room for more and potential to construct additional storage buildings. The property is currently used as a boat storage, rental, and servicing business. Most storage is repeat contract for 6-7 months and includes retrieval from lake, motor winterization, storage and spring launch. Additional services such as tune ups and rigging as needed. Currently 128 boats shrink wrapped on or off site, including commercial multi-boat clients. The business includes 2 pontoon rentals. A new septic system was installed in 2021. The property has a 145 ft drilled well and Starlink internet. This is a turnkey opportunity to own your own business in Ely.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dryland Marina
Storage Facility
Greenstone Landscaping
Landscaping
Berndawg’s Warehouse
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Ely
- County
- St. Louis
- State
- Minnesota
- Longitude
- -91.92533
- Latitude
- 47.893726
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Live and work opportunity in Ely, Minnesota.
Where is this parking lot & garage located?
The property is located at 2331 Old Hwy 169 Ely, MN.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: Established boat storage/rental/servicing business with verifiable financials and growth potential.; Includes a year‑round 1 bedroom house (potential for 2nd bedroom) and a 1 bedroom apartment, offering living and rental income.; Features a large 4920 sq ft storage building with high doors, office, laundry, and indoor boat storage.
