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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
    17-Unit Motel with Owner's Quarters
    Updated: Apr 11
    17-Unit Motel with Owner's Quarters

    1047 E Sheridan St, Ely, MN 85006

    Contact for pricing
    17 motel units with 17 parking spaces
    Room mix includes 7 one‑queen, 7 two‑queen, and 3 three‑queen rooms
    Private two‑story, 4‑bedroom owner's quarters
    Separate 2‑bedroom home used for nightly rentals
    Lobby, office, and 2‑stall garage included
    View details
    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 6 Potential Opportunities for your consideration. Besides 2 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
    Bar and Two-Unit Motel
    Bar and Two-Unit Motel

    6542W State Road 70, Winter, WI 54896

    $450,000
    2,530 sqft

    A bar and grill with two motel units, complemented by indoor dining space and an outdoor pavilion for events.

    View details
    Nelson Lake Resort with Restaurant
    Nelson Lake Resort with Restaurant

    12890 N County Hwy T, Hayward, WI 54843

    $850,000
    2,831 sqft 1.32 AC lot

    Waterfront hospitality property with bar, dining facilities, motel units, and attached residential quarters.

    View details
    Two-Unit Motel with Bar and Grill
    Two-Unit Motel with Bar and Grill

    6542W HWY 70, Winter, WI 54896

    $450,000
    0.85 AC lot

    Hospitality property combines lodging with dining, beverage service, and outdoor entertainment areas near regional recreational destinations.

    View details

    Ely, MN Motels Market Trends and Statistics

    Explore 2 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

    Motels 2
    Resorts 2
    Campgrounds 1
    Hotels 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)

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    Most Searched ZIP Codes in Ely, MN

    • 55731
    • 85006

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