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    Ely, MN
    Live - Work Space

    Ely, MN Live-work Space for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Live-Work Commercial Property
    Updated: Jun 29
    Live-Work Commercial Property

    133 E Chapman St, Ely, MN 55731

    $230,000
    2,010 sqft
    Versatile commercial property on Chapman Street in Ely with flexible main‑level layout for retail or professional office use
    Upstairs features a spacious one‑bedroom apartment with its own private rear entrance
    Apartment includes a large rooftop deck
    Off‑street parking available for the upstairs apartment
    Can be used as an owner‑occupant setup with rental income from the apartment
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    This listing looks promising.

    Here's a quick look at some key insights for

    133 E Chapman St, Ely, MN

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $19K
      Annual

    • Price @ 7% Cap

      $271K
      Above asking

    • Last Sold

      Oct 2006
      $225K

    • Property Type

      Commercial (General)
      Built 2002
    View Property Analytics
    Mixed-Use Live-Work Building
    Updated: Jul 13
    Mixed-Use Live-Work Building

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Wood frame commercial building with forced air propane heat and an asphalt roof
    Main level offers an open, flexible floor plan suitable for retail or professional office uses
    Upstairs includes a spacious 1‑bedroom apartment with its own private rear entrance
    Apartment features a large rooftop deck
    Off‑street parking available
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Remodeled Live-Work Building
    Remodeled Live-Work Building

    15 W Redwing St, Duluth, MN 55803

    Contact for pricing
    2,080 sqft

    Completely remodeled building with office space and a rented one-bedroom apartment, plus off-street parking.

    View details
    Live-Work Building with Apartment
    Live-Work Building with Apartment

    172 LAKE AVE N, Phillips, WI 54555

    $98,500
    0.05 AC lot

    A live-work building with a reception area, four office spaces, kitchenette, and an upstairs one-bedroom apartment.

    View details
    Mixed-Use Property with Open Floor Plan
    Mixed-Use Property with Open Floor Plan

    1132 E 9th Street, Duluth, MN 55805

    $350,000

    The property combines an open commercial area with rear residential rooms and off-street parking.

    View details
    Storefront Building with Secure Vault
    Storefront Building with Secure Vault

    195/197 LAKE AVE N, Phillips, WI 54555

    $100,000
    0.11 AC lot

    1894 brick storefront with original wood floors, secure vault, and central air for flexible retail or live-work use.

    View details

    Ely, MN Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 2,010 square feet of properties for sale, with an estimated market value of $460,000.

    Sale prices for live-work properties in Ely, MN average $230,000 — 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

    Coworking space 2
    Office Units 2

    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 $235K

    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%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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