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Mixed-Use Live-Work Building
For Sale
$230,000

133 E Chapman Street, Ely, MN 55731

COMMERCIAL - Ely, MN

Property SizeContact for details
Days on Market38

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 Forced Air, Propane (Heating)

Amenities

rooftop deck
off-street parking
private rear entrance

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: Aug 4 Last Checked: Aug 19 at 9:06PM
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.

This mixed-use live-work building offers an open, flexible main-level layout suitable for retail or professional office use. Upstairs, there is a spacious one-bedroom apartment with its own private rear entrance, along with a large rooftop deck. Off-street parking is available to support both levels.

The property is conveniently located on E Chapman Street in Ely, MN. Zoning is listed as Com.

Designed to accommodate owner-occupancy or separate leasing of the main and upper levels, the configuration provides a straightforward live-and-work option while also supporting rental income.

Key Highlights

  • Wood frame commercial building with forced air propane heat and an asphalt roof
  • Main level offers an open, flexible floor plan suitable for retail or professional office uses
  • Upstairs includes a spacious 1‑bedroom apartment with its own private rear entrance

Property Analytics

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.

Lease Details

Yes
Paved road access

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

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?
Live-work space - Open main level retail or office space with an upstairs one-bedroom apartment, private rear entrance, rooftop deck, and off-street parking.
Where is this live-work space 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: Wood frame commercial building with forced air propane heat and an asphalt roof; Main level offers an open, flexible floor plan suitable for retail or professional office uses; Upstairs includes a spacious 1‑bedroom apartment with its own private rear entrance
More about this property
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