Ely, MN
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    Ely, MN Marinas for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    Ely, MN Commercial Opportunity
    $498,500
    4,920 SF

    Ely, MN Commercial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    Live and work up north with excellent growth opportunities!

    • Established boat storage/rental/servicing business with verifiable financials.
    • Includes a year‑round 1 bedroom house and a 1 bedroom apartment.
    • Features a 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
    • Located on 11.5 acres with high visibility near Ely.
    • Offers passive income through repeat storage contracts.
    Updated: Jul 13, 2025
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    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres

    Ely Commercial Live-Work Opportunity

    2331 Old Highway 169, Ely, MN 55731

    Live and work opportunity in Ely, Minnesota with passive income.

    • Established boat storage/rental/servicing business with verifiable financials.
    • Passive income and excellent growth potential in the recreational boating industry.
    • Includes a year‑round 1‑bedroom house (potential for 2nd bedroom) and a 1‑bedroom apartment.
    • Large 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
    • Located on 11.5 acres with high visibility from Highway 169, near Ely.
    Updated: Jul 13, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Lake Charlevoix Boat Slip
    $197,000

    Lake Charlevoix Boat Slip

    40' boat slip with amenities on Lake Charlevoix.

    202 Ferry Ave, Charlevoix, MI 49720
    View details
    Green Lake Fractional Ownership Opportunity
    $150,000
    1.26 Acres

    Green Lake Fractional Ownership Opportunity

    Fractional ownership with Green Lake frontage and pier access.

    413 Strauss unit 4 Avenue, Green Lake, WI 54941
    View details
    Green Lake Waterfront Fractional Ownership
    $160,000
    1.26 Acres

    Green Lake Waterfront Fractional Ownership

    Fractional ownership on Green Lake with direct water access.

    413 Strauss unit 1 Avenue, Green Lake, WI 54941
    View details
    30-Foot Boat Slip in Charlevoix
    $140,000

    30-Foot Boat Slip in Charlevoix

    30-foot boat slip with amenities in Charlevoix, Michigan.

    202 Ferry, Charlevoix, MI 49720
    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.

    Rainy Lake Shoreline Property
    $225,000
    0.20 Acres

    Rainy Lake Shoreline Property

    Protected boat landing with docks and boathouse on Rainy Lake.

    Tbd County Road 94, International Falls, MN 56649
    View details
    Gull Lake Chain Acreage
    $149,900
    10.50 Acres

    Gull Lake Chain Acreage

    Over 10 acres with 840' shoreline on Gull Lake.

    Tbd Dettbarn Rd., Lake Shore, MN 56468
    View details
    Green Lake Waterfront Fractional Ownership
    $160,000
    1.26 Acres

    Green Lake Waterfront Fractional Ownership

    Fractional ownership on Green Lake with private boat slip.

    413 Strauss Avenue, Unit 1, Green Lake, WI 54941
    View details
    Harbor West Marina Boat Slip
    $110,000

    Harbor West Marina Boat Slip

    30' boat slip in Traverse City's Harbor West Marina.

    12755 S MARINA VILLAGE DRIVE, Traverse City, MI 49684
    View details

    Ely, MN Marinas Investment Opportunities Market Analysis

    Explore 2 marinas 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 $498,500.

    Sale prices for boat yards in Ely, MN start at $498,500, averaging $498,500, 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

    Marinas 1

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    55731 $498.5K

    Taxes & Financing

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

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