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Mixed-Use Property with Apartment
For Sale
$230,000

133 E Chapman Street, Ely, MN 55731

COMMERCIAL/INDUSTRIAL, Ely, MN

Property SizeContact for details
Days on Market85

Property Features for 133 E Chapman Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Com
Lot features Downtown Area
Subdivision Ely/Winton
Standard status Active

Utilities

Heating system Propane (Heating), Forced Air

Amenities

private rear entrance
large rooftop deck
off-street parking

Building Details

Building materials Wood Frame
Roof type Asphalt
Listing Agency: z' Up North Realty
Listed By: Julian Rasmusson · License #40637100
Added: Jul 13 Changed: Sep 14 Last Checked: Oct 5 at 3:06PM
MLS# 150225

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.

Investment Insights

Based on property information with market context.

Located at 133 E Chapman Street in Ely, this mixed-use property combines an open main-level commercial area with a one-bedroom residential unit above. The flexible lower floor is suited to retail, professional office, boutique, or studio use, while the upper unit has its own rear entry and access to a rooftop deck. Off-street parking serves the property.

The building has wood-frame construction, an asphalt roof, and forced-air heating supported by propane. Commercial zoning is identified as Com. Its combination of adaptable business space and an upper-level apartment supports several occupancy and leasing configurations within one property.

Key Highlights

  • Open main‑level layout for retail, professional office, boutique, or studio use
  • One‑bedroom apartment on the upper level
  • Separate rear entrance for the residential unit

Property Analytics

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Current Use

WELY Radio Station

Suggested Use

Top Pick Parking Lot & Garage Law Firm Auto Repair Shop HVAC Service Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Open commercial space is paired with an upper-level one-bedroom apartment and separate rear access.
Where is this mixed-use property located?
The property is located at 133 E Chapman Street Ely, MN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Open main‑level layout for retail, professional office, boutique, or studio use; One‑bedroom apartment on the upper level; Separate rear entrance for the residential unit
More about this property
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