145 E Chapman St, Ely, MN 55731

Building Details

Building materials

Wood Frame

Roof type

Rubber

Listing agent Jan Erchul Show Phone

Listing office Ely Realty 10 N 1ST Ave E, Ely, MN Show Phone

Listing date May 13, 2026

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MLS# 149947

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.

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Overview

This is a 5000 sq ft commercial building located in downtown Ely. Constructed in 1920, this historic building features four separate leasing areas. The main floor front space, characterized by original tin ceilings and wood floors, is currently leased until April 2027. The owners occupy the additional main floor and second-floor space for their existing business. The building benefits from recent updates, including a new roof installed in 2023 and a new fuel oil boiler in 2021. The property occupies a corner location. Previously a clothing store for over 30 years, this building presents an opportunity to establish a new business venture or relocate an existing business to this location.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Ely

County

St. Louis

State

Minnesota

Longitude

-91.864127

Latitude

47.902553

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FAQs

What type of property is this?

Storefront property - 5000 sq ft commercial building in downtown Ely for sale.

Where is this storefront property located?

The property is located at 145 E Chapman St Ely, MN.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Prime downtown Ely location on a high visibility corner lot.; Leased main floor space provides immediate income until April 2027.; Substantial recent updates including a new roof (2023) and fuel oil boiler (2021).