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    Ely, MN Mixed-use Properties for Sale

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    Minneapolis, MN Rochester, MN Mankato, MN
    Ely Mixed-Use Income Property
    $275,000
    3,768 SF

    Ely Mixed-Use Income Property

    120 E Sheridan Street, Ely, MN 55731

    Commercial building with income-generating apartments in high-traffic location.

    • High‑traffic location on Sheridan Street (7,700 vehicles/day) in Ely's main business corridor, ideal for attracting customers.
    • Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    • Versatile commercial space divisible into two separate units for multiple tenants or increased rental income.
    • 3,000+ sq ft commercial building with four large display windows for showcasing merchandise.
    • Located in a tourism‑rich area near the Boundary Waters Canoe Area Wilderness, state parks, and resorts.
    Updated: Mar 27
    View details
    Ely Commercial/Industrial Opportunity
    $498,500
    720 SF

    Ely Commercial/Industrial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    Live and work opportunity in Ely, Minnesota.

    • Established boat storage/rental/servicing business with verifiable financials and growth potential.
    • Includes a year‑round 1 bedroom house (potential for 2nd bedroom) and a 1 bedroom apartment, offering living and rental income.
    • Features a large 4920 sq ft storage building with high doors, office, laundry, and indoor boat storage.
    • 11.5 acre property with highway visibility and ample outdoor storage space for 50+ boats with room for expansion.
    • Turnkey operation with existing contracts for storage, winterization, and launch services, plus pontoon rentals and shrink wrapping services.
    Updated: Jul 13, 2025
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    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres

    Ely Commercial Live-Work Opportunity

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

    2331 Old Highway 169, Ely, MN 55731
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 3 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.

    Explore Opportunities in Nearby Cities

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

    Mixed-Use Investment in Chester Park
    $424,900
    2,080 SF

    Mixed-Use Investment in Chester Park

    Mixed-use building with commercial and residential units in Duluth.

    1231 E 9th St, Duluth, MN 55805
    View details
    Updated Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Updated Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik,MN.

    400 Main S Street, Biwabik, MN 55708
    View details
    Biwabik Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Biwabik Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.

    400 Main Street S, Biwabik, MN 55708
    View details
    Restaurant Building with Redevelopment Potential
    $795,000
    13,548 SF

    Restaurant Building with Redevelopment Potential

    13,548 SF building suitable for various uses or redevelopment.

    5906 Old Miller Trunk Hwy, Duluth, MN 55811
    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.

    Bayfield Land with Lake Views
    $949,900

    Bayfield Land with Lake Views

    29.79+/- acres with Lake Superior views and development potential.

    35480 Whitetail Ave, Bayfield, WI 54814
    View details
    Land Near Lake Superior
    Contact for pricing

    Land Near Lake Superior

    Land with lake views and utilities in Ashland, Wisconsin.

    1306 Lake Shore Dr W, Ashland, WI 54806
    View details
    Recreational Land Near Simm's Lake
    Contact for pricing

    Recreational Land Near Simm's Lake

    Land parcel in recreational area near lakes and ATV trails.

    119-xx East County Road Y, Gordon, WI 54838
    View details
    Spooner, WI Multi-Family Lot
    $50,000
    0.46 Acres

    Spooner, WI Multi-Family Lot

    0.46-acre lot with utilities for residential or mixed-use development.

    Dur A Bilt Road, Spooner, WI 54801
    View details

    Explore 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

    3231 Wolf Lake Rd

    Hotels • 5,250 SF
    Value Estimation by Request
    3231 Wolf Lake Rd, Ely, MN 55731
    View details
    2121 Camp St

    2121 Camp St

    Mixed-use properties • 20.00 Acres
    Value Estimation by Request
    2121 Camp St, Ely, MN 55731
    View details
    342 Sheridan St

    342 Sheridan St

    Specialty properties • 2,240 SF
    Value Estimation by Request
    342 Sheridan St, Ely, MN 55731
    View details
    401 Sheridan St

    401 Sheridan St

    Mixed-use properties • 0.29 Acres
    Value Estimation by Request
    401 Sheridan St, Ely, MN 55731
    View details

    Ely, MN Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 7 mixed-use properties for sale in Ely, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 513,572 square feet of properties for sale, with an estimated market value of $918,400.

    Sale prices for multi use buildings in Ely, MN start at $419,900, averaging $459,200, 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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