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    Ely, MN Live-work Space for Sale

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    Isabella, MN Babbitt, MN Tower, MN
    Mixed-Use Live-Work Building
    $230,000
    Mixed-Use Live-Work Building

    133 E Chapman Street, Ely, MN 55731

    Mixed-use building with open main level and an upstairs one-bedroom apartment with private rear access, deck, and off-street parking.
    • Wood frame commercial building with asphalt roof and forced‑air propane heating
    • Main level has an open, flexible floor plan suited for retail, professional office, boutique, studio, or other business uses
    • Upstairs includes a one‑bedroom apartment with its own private rear entrance
    • Upstairs apartment features a large rooftop deck
    • Off‑street parking included
    Updated: Jun 29
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Corner Land with Septic
    $198,500
    Commercial Corner Land with Septic

    Corner parcel at a two-state-highway intersection with a drilled well and large septic system for business use.

    7010 Hwy 169, Virginia, MN 55792

    View details
    Commercial Live-Work Property
    $129,000
    Commercial Live-Work Property

    For sale at 1800 9th Ave N with an upper two-bedroom, one-bath apartment for on-site business use.

    1800 9th Ave N, Virginia, MN 55792

    View details
    Mixed-Use Live/Work Building
    $295,000
    1,000 SF
    Mixed-Use Live/Work Building

    Own a mixed-use property with flexible main-level space plus two upper apartments and a detached garage.

    601 Belknap St, Superior, WI 54880

    View details
    Mixed-Use Building with Storefront
    $205,000
    Mixed-Use Building with Storefront

    Lower-level storefront with picture windows plus an upper residential unit on Winter Street in Superior.

    1717 Winter St, Superior, WI 54880

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Somerset, WI
    $159,000
    0.68 Acres
    Commercial Land in Somerset, WI

    Commercial land for sale in Somerset, Wisconsin.

    108 MAIN St, Somerset, WI 54025

    View details
    Ludington Waterfront Development Opportunity
    $245,000
    0.19 Acres
    Ludington Waterfront Development Opportunity

    Prime Ludington building site with flexible mixed-use zoning.

    W Danaher St, Ludington, MI 49431

    View details
    Parking Lot and Events Site
    $1,475,000
    7,316 SF
    Parking Lot and Events Site

    City Center zoned parking property positioned for event and hospitality adjacent demand, with shuttle access to downtown venues.

    407 Turner Avenue NW, Grand Rapids, MI 49504

    View details
    Spacious Commercial Building on M-65
    $480,000
    5,500 SF
    Spacious Commercial Building on M-65

    Large commercial building with living space on heavily traveled M-65.

    4271 N M-65, Hale, MI 48739

    View details

    Ely, MN Live-Work Space Market Trends and Statistics

    Explore 1 live-work space for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $728,500.

    Sale prices for live-work properties in Ely, MN start at $230,000, averaging $364,250, and reaching up to $498,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 3
    Coworking space 1

    Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    High-Yield Neighborhoods for Investment

    Identify Ely submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55731 $230K

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

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