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    Ely, MN
    Mixed-Use

    Ely, MN Mixed-use Properties for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Freestanding Mixed-Use Building
    Updated: Mar 29
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft
    Built in 1913, freestanding mixed‑use building on Ely’s C‑1 commercial corridor
    Main level has fully operational retail space currently operating as a liquor store
    Basement includes 1,666 SF of storage
    Upstairs apartment features 4 bedrooms, 2 bathrooms, plus a private deck and detached garage
    Building totals 6,486 SF across three levels
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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 13 Potential Opportunities for your consideration. Besides 1 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, 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.

    Mixed-Use Property with Elevator Shaft
    Mixed-Use Property with Elevator Shaft

    1309 Tower Ave, Superior, WI 54880

    $499,900
    13,850 sqft 0.16 AC lot

    State-approved plans support 13,850 SF finishable space with an elevator shaft and major infrastructure upgrades.

    View details
    Highway 2 Mixed-Use Property
    Highway 2 Mixed-Use Property

    421 Lake Shore Dr W, Ashland, WI 54806

    $399,900
    3,795 sqft 0.50 AC lot

    Prime location with lake views in downtown Ashland, Wisconsin.

    View details
    Main Street Mixed-Use Opportunity
    Main Street Mixed-Use Opportunity

    220 Main St E, Ashland, WI 54806

    $142,900
    1,408 sqft

    Unique mixed-use building in Ashland, close to Lake Superior.

    View details
    Versatile Mixed-Use Commercial Building
    Versatile Mixed-Use Commercial Building

    507 Tower Ave, Superior, WI 54880

    $399,900
    1,800 sqft

    Historic building with retail, office, and garage space.

    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.

    Land Near Lake Superior
    Land Near Lake Superior

    1306 Lake Shore Dr W, Ashland, WI 54806

    Contact for pricing

    Land with lake views and utilities in Ashland, Wisconsin.

    View details
    Recreational Land Parcel
    Recreational Land Parcel

    119XX E County Rd Y, Gordon, WI 54838

    Contact for pricing
    0.28 AC lot

    A 0.28-acre wooded parcel near lakes and ATV trail riding, suited for a cabin or camper setup.

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    Recreational Land Near Simm's Lake
    Recreational Land Near Simm's Lake

    119-xx East County Road Y, Gordon, WI 54838

    Contact for pricing
    0.25 AC lot

    Land parcel in recreational area near lakes and ATV trails.

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    Versatile Land with Commercial Potential
    Versatile Land with Commercial Potential

    11317 West Bethel Road, Hayward, WI 54843

    $350,000
    15.00 AC lot

    15 acres with commercial and recreational opportunities near Hayward, Wisconsin.

    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 5 mixed-use properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 4,820 square feet of properties for sale, with an estimated market value of $395,000.

    Sale prices for multi use buildings in Ely, MN start at $395,000, averaging $395,000, and reaching up to $395,000 — 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 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 $275K

    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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