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    Ely, MN
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    Ely, MN Motels for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Lakeside Resort Property
    Updated: Feb 10
    Lakeside Resort Property

    474 Kawishiwi Trl, Ely, MN 55731

    $2,800,000
    3,680 sqft
    Over 650’ of White Iron Lake shoreline
    +/- 3 acres with direct access to the Boundary Waters Canoe Area Wilderness
    6 lakeside resort cabins
    2‑bedroom owner’s residence
    Includes office, gift shop, equipment building, workshop, and food packaging area
    View details
    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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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    20-Room Motel with Owner's Home
    20-Room Motel with Owner's Home

    16154 Us Highway 63, Hayward, WI 54843

    $975,000
    8,125 sqft

    Updated lodging property with an on-site residence, detached garage, and outdoor guest gathering area.

    View details
    Lakefront Resort with Condo Motel
    Lakefront Resort with Condo Motel

    12890 N County Hwy T, Hayward, WI 54843

    $850,000
    2,831 sqft 1.32 AC lot

    A hospitality property combines food and beverage service, guest lodging, and an attached residence on Nelson Lake.

    View details
    Motel With Bowling Alley
    Motel With Bowling Alley

    400 Main Street, White Pine, MI 49971

    $1,250,000
    21,000 sqft 4.35 AC lot

    Multi-use hospitality property with lodging, dining, event, retail, fuel, and recreation components in one commercial operation.

    View details
    Motel, Restaurant, Bowling Alley, Gas
    Motel, Restaurant, Bowling Alley, Gas

    400 Main Street, White Pine, MI 49971

    $1,250,000
    21,000 sqft

    Popular motel, restaurant, bowling alley, gas station near Porcupine Mountains.

    View details

    Ely, MN Motels Market Trends and Statistics

    Explore 1 motels for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 3,680 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for motels in Ely, MN average $2,800,000 — 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

    Resorts 2
    Campgrounds 1
    Motels 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 $2.8M

    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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