Approved Cannabis Retail
For Sale
$128,000
43 E Camp St, Ely, MN 55731
COMMERCIAL - Ely, MN
Property Size7,000 SF
Lot Size0.60 Acres
Price / SF$18.29
Days on Market41
Property Features for 43 E Camp St
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Block
Directions
Heading East on HWY 169/E. Sheridan St. Right on North 1 St. to the Upper eastside entrance 43 E Camp St.
Subdivision
LSAR
Standard status
Active
Size
7,000 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5018
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1910
Number of units
4
Roof type
Shingle
Listing Agency:
Canoe Capital Realty, LLC
(218) 235-1084
Listed By:
Chad Davis
(218) 235-1084
Added: Jul 18
Changed: Aug 14
Last Checked: Aug 27 at 6:06PM
MLS# 6125542
Copyright © 2026 Lake Superior 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.
Investment Insights
Based on property information with market context.
Located at 43 E Camp St in downtown Ely, this 7,000-square-foot commercial building dates to 1910 and occupies approximately 0.6 acres. The City of Ely Planning & Zoning has approved cannabis retail and lower-potency hemp edibles for the property. The upper level, identified as Suite 100, has undergone demolition and preparation for a future dispensary build-out, with construction documents and build-out drawings already completed.
The lower level contains more than 3,000 square feet, a private entrance, a dedicated parking lot, multiple offices, storage, and two bathrooms. It is currently arranged as professional commercial space. The two lower-level businesses may terminate their leases or negotiate revised terms with a new owner. The building has electric heat, a shingle roof, and basement space. Market analysis, financial projections, and the city approval letter are available to qualified buyers.
The lower level contains more than 3,000 square feet, a private entrance, a dedicated parking lot, multiple offices, storage, and two bathrooms. It is currently arranged as professional commercial space. The two lower-level businesses may terminate their leases or negotiate revised terms with a new owner. The building has electric heat, a shingle roof, and basement space. Market analysis, financial projections, and the city approval letter are available to qualified buyers.
Key Highlights
- City approval for cannabis retail and lower‑potency hemp edibles
- 7,000 square feet on approximately 0.6 acres
- Upper‑level Suite 100 prepared for dispensary build‑out
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 55731, MN
5,494
Population
4,954
Households
1.1
Avg Household Size
54
Median Age
41%
College-Educated
94%
High-School Grad
1,606.7 sq mi
ZIP Area
3
Density / Sq Mi
$62,900
Median Household Income
$31,840
Median Earnings
$641
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Downtown commercial building with a partially prepared upper suite and city approval for cannabis retail and lower-potency hemp edibles.
Where is this cannabis property located?
The property is located at 43 E Camp St Ely, MN.
What is the asking price?
The asking price for this property is $128,000.
What are key features of this property?
This property features: City approval for cannabis retail and lower‑potency hemp edibles; 7,000 square feet on approximately 0.6 acres; Upper‑level Suite 100 prepared for dispensary build‑out
