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    Ely, MN
    Mixed-Use

    Ely, MN Mixed-use Properties for Sale

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    Mixed-Use Property with Apartment
    Updated: Jul 13
    Mixed-Use Property with Apartment

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Open main‑level layout for retail, professional office, boutique, or studio use
    One‑bedroom apartment on the upper level
    Separate rear entrance for the residential unit
    Rooftop deck included
    Off‑street parking
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    Boat Storage Marina Property
    Updated: Jul 12
    Boat Storage Marina Property

    2331 Old Hwy 169, Ely, MN 55731

    $459,000
    11.5‑acre MU‑5 mixed‑use property near Ely
    4,920 SF storage building with 17‑foot‑high double doors at each end
    Indoor storage for 14 boats plus outdoor storage for 50+ boats
    Current capacity includes 128 boats shrink‑wrapped on or off site
    One‑bedroom house and one‑bedroom upstairs apartment, both year‑round
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    Boat Storage and Service Property
    Boat Storage and Service Property

    2331 Old Highway 169, Ely, MN 55731

    $459,000
    11.50 AC lot

    The property combines boat storage and servicing facilities with year-round residential space.

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    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Mixed-Use Property with Coffee Roastery
    Mixed-Use Property with Coffee Roastery

    2 W Sheridan Street, Ely, MN 55731

    $979,000
    4,350 sqft

    The offering combines a production kitchen, two apartments, and space for coworking and events.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft

    Retail frontage offers four display windows, off-street parking, and additional residential income potential.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft

    Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

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    Marina with Boat Storage
    Marina with Boat Storage

    2331 Old Highway 169, Ely, MN 55731

    $459,000
    720 sqft 11.50 AC lot

    Operating marina property with residential accommodations, enclosed boat storage, outdoor capacity, and service-oriented improvements.

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    Downtown Ely Commercial Building For Sale
    Downtown Ely Commercial Building For Sale

    137 E Sheridan St, Ely, MN 55731

    $370,000
    4,200 sqft 0.14 AC lot

    Meticulously maintained retail space with investment and conversion potential.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 9 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Attached Garage
    Mixed-Use Building with Attached Garage

    602 Main St, Tower, MN 55790

    $290,000
    4,460 sqft

    Multi-level commercial property with leased ground-floor bar and liquor store space, city offices, storage, and additional parking land.

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    Commercial Land with Existing Structure
    Commercial Land with Existing Structure

    7010 Highway 169, Virginia, MN 55792

    $193,500
    8.17 AC lot

    An existing building with an upstairs apartment accompanies the land, with private water and sewer service.

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    Mixed-Use Property with Attached Garage
    Mixed-Use Property with Attached Garage

    602 Main Street, Tower, MN 55790

    $290,000

    Three-level commercial building with leased bar and liquor store space, city offices, basement storage, and supplemental parking.

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    Commercial Land at Highway Intersection
    Commercial Land at Highway Intersection

    7010 Hwy 169, Virginia, MN 55792

    $198,500

    Commercial land with a drilled well, compliant septic system, and an existing structure with an apartment above.

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    Off-Market Properties in Ely, MN

    Consider similar Off-Market properties in Ely, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3231 Wolf Lake Rd
    Hotels

    3231 Wolf Lake Rd, Ely, MN 55731

    Estimated value: by Request
    5,250 sqft 20.00 AC lot
    View details
    2121 Camp St
    Mixed-use properties

    2121 Camp St, Ely, MN 55731

    Estimated value: by Request
    20.00 AC lot
    View details
    342 Sheridan St
    Specialty properties

    342 Sheridan St, Ely, MN 55731

    Estimated value: by Request
    2,240 sqft
    View details
    401 Sheridan St
    Mixed-use properties

    401 Sheridan St, Ely, MN 55731

    Estimated value: by Request
    0.29 AC lot
    View details

    Ely, MN Mixed-Use Properties Market Trends and Statistics

    Explore 13 mixed-use properties for sale in Ely, MN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 17,084 square feet of properties for sale, with an estimated market value of $3,789,000.

    Sale prices for multi use buildings in Ely, MN start at $219,000, averaging $421,000, and reaching up to $979,000 — 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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    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 $335.9K

    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)

    How Realmo verifies these figures

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