Marina with Boat Storage and
For Sale
$459,000
2331 Old Hwy 169, Ely, MN 55731
COMMERCIAL - Ely, MN
Property Size4,920 SF
Lot Size11.50 Acres
Price / SF$93.29
Days on Market47
Property Features for 2331 Old Hwy 169
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-5
Parking features
Garage
Subdivision
Rural N of Hwy 169 - 135
Standard status
Active
Lot size
11.50 Acres
Utilities
Heating system
Electric (Heating), Wood
Building Details
Building materials
Wood Frame
Roof type
Shingle, Metal, Asphalt
Listing Agency:
Janisch Realty Inc
(218) 780-6644
Listed By:
Lisa Janisch · License #40298563
(218) 780-6644
Added: Jul 12
Changed: Aug 4
Last Checked: Aug 27 at 7:06PM
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.
Investment Insights
Based on property information with market context.
Marina-style business property on MU-5 zoned land set on a paved road, with boat storage, rental, and servicing operations. The site includes a year-round 1 bed/1 bath house with screen porch potential to serve as a second bedroom. A 4,920 SF storage building features two 17-ft high double doors, with office space plus a laundry bath, and an upstairs 1 bed/1 bath year-round apartment along with indoor storage for 14 boats.
Outside storage supports 50+ boats on or off site, with room identified for additional storage. Many storage arrangements run for about 6–7 months and include retrieval from the lake, motor winterization, storage, and spring launch, with additional services available such as tune ups and rigging. The property also includes two pontoon rentals.
Visibility is described from the corner of Highway 169 and Grant McMahan, about 5 miles from Ely. The property is available without the business.
Outside storage supports 50+ boats on or off site, with room identified for additional storage. Many storage arrangements run for about 6–7 months and include retrieval from the lake, motor winterization, storage, and spring launch, with additional services available such as tune ups and rigging. The property also includes two pontoon rentals.
Visibility is described from the corner of Highway 169 and Grant McMahan, about 5 miles from Ely. The property is available without the business.
Key Highlights
- MU‑5 zoned marina site on paved road
- 4,920 SF storage building with 17‑ft high double doors on each end
- Indoor storage for 14 boats plus indoor storage support for year‑round living
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - Marina-style operation on MU-5 zoned land with year-round guest lodging and indoor and outdoor boat storage.
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 $459,000.
What are key features of this property?
This property features: MU‑5 zoned marina site on paved road; 4,920 SF storage building with 17‑ft high double doors on each end; Indoor storage for 14 boats plus indoor storage support for year‑round living
