Ely, MN Commercial
2331 Old Hwy 169, Ely, MN 55731
- Added:
- Jul 13, 2025
- Days on Market:
- 319
- Last Refresh:
- May 27 at 8:06 am
Property Features for 2331 Old Hwy 169
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU-5
- Parking features
- Garage
- Standard status
- Active
- Size
- 4,920 SF
- Lot size
- 11.50 Acres
Utilities
- Heating system
- Wood, Electric (Heating)
Building Details
- Building materials
- Wood Frame
- Roof type
- Asphalt, Metal, Shingle
Listing agent Lisa Janisch License #40298563 (218) 780-6644
Listing office Janisch Realty Inc P O Box 517, Tower, MN (218) 780-6644
Listing date Jul 13, 2025
MLS# 148712
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.
HighLights
- Established boat storage/rental/servicing business with verifiable financials.
- Includes a year‑round 1 bedroom house and a 1 bedroom apartment.
- Features a 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
- Located on 11.5 acres with high visibility near Ely.
- Offers passive income through repeat storage contracts.
- Includes 2 pontoon rentals and existing shrink wrapping business.
Overview
This commercial property in Ely, Minnesota, presents an opportunity to live and work up north. The property includes a boat storage, rental, and servicing business with books that support the asking price, passive income, and growth opportunities. Situated on 11.5 acres on a paved road, the property offers visibility from the corner of Highway 169 and Grant McMahan, approximately 5 miles south of Ely. The improvements include 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 includes 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. There is outdoor storage for over 50 boats, with room for more and the potential to construct additional storage buildings. 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. Currently, 128 boats are shrink-wrapped on or off-site, including commercial multi-boat clients. The business includes 2 pontoon rentals. A new septic system was installed in 2021. The property has a 145-foot 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?
Marina - Live and work up north with excellent growth opportunities!
Where is this marina located?
The property is located at 2331 Old Hwy 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.; Includes a year‑round 1 bedroom house and a 1 bedroom apartment.; Features a **4920 sq ft storage building** with office, laundry, bath, and indoor boat storage.
