Ely Commercial Live-Work
2331 Old Highway 169, Ely, MN 55731
- Added:
- Jul 13, 2025
- Days on Market:
- 320
- Last Refresh:
- May 28 at 12:06 pm
Property Features for 2331 Old Highway 169
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Driveway, Garage, Garage - Detached, Parking Lot
- Exterior features
- Metal, Wood
- Standard status
- Active
- APN
- 465004005841
- Lot size
- 11.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2655
Utilities
- Heating system
- Wood (Heating), Wood Stove
Building Details
- Year built
- 1989
- Architectural style
- Other
Listing agent Lisa Janisch (218) 780-6644
Listing office Janisch Realty, Inc 609 N 3rd St, Tower, MN (218) 780-6644
Listing date Jul 13, 2025
MLS# 6753576
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Established boat storage/rental/servicing business with verifiable financials.
- Passive income and excellent growth potential in the recreational boating industry.
- Includes a year‑round 1‑bedroom house (potential for 2nd bedroom) and a 1‑bedroom apartment.
- Large 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
- Located on 11.5 acres with high visibility from Highway 169, near Ely.
- Turnkey business opportunity with existing contracts, equipment, and services.
Overview
Located approximately 5 miles south of Ely, Minnesota, this commercial property offers a live-work opportunity on 11.5 acres. The property is situated on a paved road with visibility from the corner of Highway 169 and Grant McMahan. It includes a year-round house with one bedroom and one bathroom, featuring a screened porch with the potential for a second bedroom. A 4920-square-foot storage building is present, equipped with 17-foot high double doors on each end, an office with laundry and bath facilities, a one-bedroom, one-bathroom upstairs apartment, and indoor storage for 14 boats. Outdoor storage accommodates 50+ boats, with room for expansion and the potential to construct additional storage buildings. The business includes boat storage, rental, and servicing, with books supporting the asking price. Most storage is a repeat contract for 6-7 months and includes retrieval from the lake, motor winterization, storage, and spring launch. Additional services such as tune-ups and rigging are provided as needed. There are currently 128 boats shrink-wrapped on or off-site, including commercial multi-boat clients. The business also includes 2 pontoon rentals. The property features a new septic system installed in 2021, a 145 ft drilled well, and Starlink internet. This is a turnkey opportunity to own your own business in Ely.
Property Profile
Location Intelligence
Current Use by Public Records
Dryland Marina
Storage Facility
Greenstone Landscaping
Landscaping
Berndawg’s Warehouse
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Ely
- County
- St. Louis
- State
- Minnesota
- Longitude
- -91.92533
- Latitude
- 47.893726
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Live and work opportunity in Ely, Minnesota with passive income.
Where is this parking lot & garage located?
The property is located at 2331 Old Highway 169 Ely, MN.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: Established boat storage/rental/servicing business with verifiable financials.; Passive income and excellent growth potential in the recreational boating industry.; Includes a year‑round 1‑bedroom house (potential for 2nd bedroom) and a 1‑bedroom apartment.
