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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Ely, MN Commercial Opportunity
    Updated: Jul 13, 2025
    Ely, MN Commercial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    $498,500
    4,920 sqft 11.50 AC lot
    11.5‑acre property on paved road with visibility from the corner of Hwy 169 & Grant McMahan, about 5 miles from Ely
    4,920 SF storage building with 17‑ft high double doors on each end, plus office with laundry and bath
    Indoor boat storage for 14 boats, with 50+ boats stored outside and room for additional storage buildings
    On‑site living and rental: 1 bed/1 bath year‑round house and a 1 bed/1 bath upstairs year‑round apt
    Business setup includes repeat 6–7 month storage contracts covering retrieval from lake, motor winterization, spring launch, plus tune‑ups/rigging
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    RV Resort Lot with Boat Slip
    RV Resort Lot with Boat Slip

    TBD 24 Lake Ave S, Tower, MN 55790

    $54,900
    0.05 AC lot

    Co-op lot at Tower R.V. Resort with utilities, 50-amp power, and a boat slip on the local waterway.

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    Pull-Thru RV Resort Lot
    Pull-Thru RV Resort Lot

    2945 County Road 4 #120 SW, Cokato, MN 55321

    $55,000
    0.05 AC lot

    A seasonal pull-thru RV lot near the resort’s marina, swimming pool, and recreation amenities.

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    RV Lot at Seasonal Resort
    RV Lot at Seasonal Resort

    2945 County Road 4 #119 SW, Cokato, MN 55321

    $55,000
    0.04 AC lot

    Own an assigned RV lot at a seasonal resort with pool and marina amenities and access through a security gate.

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    RV Resort Lot with Boat Slip Access
    RV Resort Lot with Boat Slip Access

    TBD 13 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Lot #13 at Tower RV Resort includes city sewer and water, plus a 50-amp hookup and boat slip access on Lake Vermillion.

    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
    Rainy Lake Shoreline Property

    County Road 94, International Falls, MN 56649

    $225,000
    0.20 AC lot

    Protected boat landing with docks and boathouse on Rainy Lake.

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    Gull Lake Chain Acreage
    Gull Lake Chain Acreage

    Dettbarn Rd., Nisswa, MN 56468

    $149,900
    10.50 AC lot

    Over 10 acres with 840' shoreline on Gull Lake.

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    Green Lake Waterfront Fractional Ownership
    Green Lake Waterfront Fractional Ownership

    413 Strauss Avenue, Unit 1, Green Lake, WI 54941

    $160,000
    1.26 AC lot

    Fractional ownership on Green Lake with private boat slip.

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    Waterfront Land Ready to Build
    Waterfront Land Ready to Build

    846 South Lakeshore Drive, Ludington, MI 49431

    $249,500
    0.30 AC lot

    Build-ready lot with marina access near Lake Michigan.

    View details

    Ely, MN Marinas Market Trends and Statistics

    Explore 1 marinas for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 4,920 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

    Commercial property segments ranked by active listings on the market

    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 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 $498.5K

    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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