Cannabis Retail Building Opportunity

43 E Camp St Ely, MN 55731

Claim this Listing
New
For Sale
$265,000

COMMERCIAL - Ely, MN

Property size:
7,000 SF
Lot size:
0.60 Acres
Price / SF:
$37/SF
Added:
Jul 10, 2026
Days on Market:
2
Last Refresh:
Jul 11 at 11:06 am

Property Features for 43 E Camp St

General Information

Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Block
Standard status
Active
Size
7,000 SF
Lot size
0.60 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
5018

Utilities

Heating system
Electric (Heating)

Building Details

Year built
1910
Number of units
4
Roof type
Shingle

Listing agent Chad Davis

Listing office Canoe Capital Realty, LLC Ely, MN

Listing date Jul 10, 2026

MLS# 6125542

Copyright © 2026 Lake Superior 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.

This two-level commercial property includes an upper suite that is partially demo’d and ready for dispensary build-out, along with a lower level configured for professional commercial use. The lower level provides more than 3,000 square feet, its own private entrance, multiple offices of varying sizes, generous storage space, and two bathrooms, plus dedicated parking. The property also includes 0.6 acres of lot area.

The City of Ely Planning & Zoning has granted full approval for cannabis retail and lower-potency hemp edibles, and an approval letter is available upon request for qualified buyers. Additional pre-opening work has been completed, including detailed construction documents and build-out drawings, extensive demolition and preparation in the upper suite (43 E Camp St, Suite 100), and supporting project documentation.

The two businesses currently occupying the lower level are willing to terminate their leases or negotiate new terms with the incoming owner. Agent-owned; transaction is for sale.

Key Highlights

  • Over 7,000 sq ft commercial building at 43 E Camp Street in downtown Ely, MN
  • City of Ely Planning & Zoning approval for cannabis retail and lower‑potency hemp edibles (approval letter available upon request)
  • Lower level has more than 3,000 sq ft with a private entrance, dedicated parking lot, multiple offices, storage, and two bathrooms

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ely Bowling Center Bowling Alley

Suggested Use

Parking Lot & Garage Law Firm Auto Repair Shop HVAC Service Auto Parts Store Kitchen & Bath Showroom Big Box & Wholesale Store Furniture & Home Goods Plumbing Service Garden Center

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

FAQs

What type of property is this?
Cannabis property - Two-level commercial building with city-approved cannabis retail use and an available lower-level private entrance.
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 $265,000.
What are key features of this property?
This property features: Over 7,000 sq ft commercial building at 43 E Camp Street in downtown Ely, MN; City of Ely Planning & Zoning approval for cannabis retail and lower‑potency hemp edibles (approval letter available upon request); Lower level has more than 3,000 sq ft with a private entrance, dedicated parking lot, multiple offices, storage, and two bathrooms
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