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    Ely, MN
    Mixed-Use
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    Ely, MN Mixed-use Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    6 properties
    Mixed-Use Property with Apartments
    Updated: Jul 19
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000
    3,000+ square foot mixed‑use building with commercial space and two rentable 1‑bedroom apartments
    Commercial area can be separated into two distinct units
    Four large display windows face the business corridor
    Approximately 7,700 vehicles per day on Sheridan Street
    Zoned com
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    Mixed-Use Building with Apartments
    Updated: Jul 21
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft
    Mixed‑use building with commercial space and two rentable 1‑bedroom apartments
    Retail area can be divided into two separate units
    Four large display windows provide storefront merchandising space
    Approximately 7,700 vehicles per day on Sheridan Street
    Off‑street parking included
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    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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    See what stands out in St. Louis County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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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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    Mixed-Use Property With Apartment
    Mixed-Use Property With Apartment

    420 E Sheridan St, Ely, MN 55731

    Contact for pricing

    Two-level commercial layout combines salon, offices, meeting space, and a three-bedroom residential unit.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 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.

    Commercial Corner Land
    Commercial Corner Land

    7010 Highway 169, Virginia, MN 55792

    $193,500
    3,000 sqft

    Two-parcel commercial land at a state-highway intersection with an existing structure, drilled well, and compliant septic system.

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    Commercial Land at Highway Corner
    Commercial Land at Highway Corner

    7010 Highway 169, Virginia, MN 55792

    $193,500
    8.17 AC lot

    The site has a private well and compliant septic system for commercial development planning.

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    Mixed-Use Property With Living Quarters
    Mixed-Use Property With Living Quarters

    507 Main Street, Tower, MN 55790

    $144,000

    Main-level commercial space is paired with private upper-level living quarters and garage parking.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    601 Main St, Tower, MN 55790

    $339,900

    Two commercial suites and three upper-level apartments occupy a flexible building with storage, basement, garage, and shop space.

    View details

    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

    Value Estimation by Request
    5,250 sqft 20.00 AC lot
    View details
    2121 Camp St
    Mixed-use properties

    2121 Camp St, Ely, MN 55731

    Value Estimation by Request
    20.00 AC lot
    View details
    342 Sheridan St
    Specialty properties

    342 Sheridan St, Ely, MN 55731

    Value Estimation by Request
    2,240 sqft
    View details
    401 Sheridan St
    Mixed-use properties

    401 Sheridan St, Ely, MN 55731

    Value Estimation by Request
    0.29 AC lot
    View details

    Ely, MN Mixed-Use Properties Market Trends and Statistics

    Explore 10 mixed-use properties for sale in Ely, MN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 12,734 square feet of properties for sale, with an estimated market value of $1,662,000.

    Sale prices for multi use buildings in Ely, MN start at $219,000, averaging $332,400, and reaching up to $459,000 — 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

    Live-work space 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 $332.4K

    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)

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