Cannabis-Approved Retail
For Sale
$128,000
43 E Camp St, Ely, MN 55731
Two-level commercial building with an approved lower-potency hemp edibles and cannabis retail tenant layout.
Property Size7,000 SF
Price / SF$18.29
Days on Market103
Property Features for 43 E Camp St
General Information
Standard status
Active
Size
7,000 SF
Taxes and HOA fees
Annual Taxes
$5,018
Listing Agency:
Canoe Capital Realty, LLC
(218) 235-1084
Listed By:
Chad Davis
(218) 235-3962
Source:
Exprealty
Added: May 26
Changed: Sep 3
Last Checked: Sep 5 at 9:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Canoe Capital Realty, LLC
Investment Insights
Based on property information with market context.
This is a two-level commercial building with significant pre-opening work already completed for a modern cannabis dispensary. The upper suite (43 E Camp St, Suite 100) is partially demo’d and ready for dispensary build-out, with detailed construction documents and build-out drawings reportedly completed. The lower level is more than 3,000 sq. ft. and currently configured as professional commercial space, featuring a private entrance, dedicated parking lot, multiple offices of varying sizes, generous storage, and two bathrooms.
The City of Ely Planning & Zoning has provided full approval for cannabis retail and lower-potency hemp edibles, and an approval letter is available upon request. Additional materials reportedly available to qualified buyers include pre-existing demolition and preparation plans for the upper suite, along with financial projections and market analysis.
The lower level includes two businesses currently occupying the space, and the tenants are described as willing to terminate their leases or negotiate new terms with an incoming owner.
The City of Ely Planning & Zoning has provided full approval for cannabis retail and lower-potency hemp edibles, and an approval letter is available upon request. Additional materials reportedly available to qualified buyers include pre-existing demolition and preparation plans for the upper suite, along with financial projections and market analysis.
The lower level includes two businesses currently occupying the space, and the tenants are described as willing to terminate their leases or negotiate new terms with an incoming owner.
Key Highlights
- Over 7,000 sq ft two‑level commercial building at 43 E Camp Street in downtown Ely, MN
- City of Ely Planning & Zoning has full approval for cannabis retail and lower‑potency hemp edibles (approval letter available upon request)
- Upper level (Suite 100) is partially demo’d and ready for dispensary build‑out
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Cannabis property - Two-level commercial building with an approved lower-potency hemp edibles and cannabis retail tenant layout.
Where is this cannabis property located?
The property is located at 43 E Camp St Ely, MN.
What is the asking price?
The asking price for this property is $128,000.
What are key features of this property?
This property features: Over 7,000 sq ft two‑level commercial building at 43 E Camp Street in downtown Ely, MN; City of Ely Planning & Zoning has full approval for cannabis retail and lower‑potency hemp edibles (approval letter available upon request); Upper level (Suite 100) is partially demo’d and ready for dispensary build‑out
