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    442 15Th Ave Ely, MN 55731

    Sponsored
    For Sale
    $349,000

    Profitable Ice Business w/ Real Estate

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional business opportunity in Ely, Minnesota, presents a turnkey operation for acquiring a well-established ice production and delivery service. The sale includes the commercial real estate located at 442 N 15th Ave E, encompassing 0.16 acres. The existing business boasts a loyal customer base within Ely and its surrounding communities, providing ice blocks and cubes for various businesses. Included in the sale is a comprehensive inventory of equipment, designed for efficient ice production and delivery. This equipment includes freezers, merchandisers with 750 lb capacity ice bins, ice and beverage coolers, and two walk-in freezers. A delivery vehicle, specifically an International freezer truck, is also part of the sale, ensuring seamless transportation of products. A complete equipment and inventory list is readily available upon request. This owner-operated business is ideally situated in Northern Minnesota, near the Boundary Waters Canoe Area, offering significant potential for continued growth and profitability. The property presents a rare opportunity to acquire a thriving business with established infrastructure and a strong customer base. Serious inquiries are encouraged to schedule a viewing and explore this lucrative investment.

    Property Features for 442 15Th Ave

    General Information

    Property type
    Investment properties
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ely
    County
    St. Louis County
    State
    Minnesota
    Longitude
    -91.84369
    Latitude
    47.90722

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    FAQs

    What type of property is this?
    Investment property - Profitable Ice Business w/ Real Estate
    Where is this investment property located?
    The property is located at 442 15Th Ave Ely, MN.
    What is the asking price?
    The asking price for this property is $349,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    442 15Th Ave Ely, MN 55731
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