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    Ely, MN Multifamily 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
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    Mixed-Use Building in Downtown Ely
    $390,000
    8,078 SF

    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    Two-story building with restaurant and four apartments in Ely.

    • Prime downtown Ely location on Highways 1/169.
    • Multi‑purpose commercial real estate with restaurant and apartments.
    • Restaurant space of 4,014 sq. ft. with seating for 150.
    • Four residential rental units on the second floor.
    • Income potential from 3 out of 4 rented apartment units.
    Updated: Aug 1, 2024
    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Virginia Duplex with Bonus Space
    $79,900
    1,781 SF

    Virginia Duplex with Bonus Space

    Duplex in Virginia, MN, with potential and included materials.

    208 5th St S, Virginia, MN 55792
    View details
    Virginia, MN Duplex For Sale
    $75,000
    1,760 SF

    Virginia, MN Duplex For Sale

    Fully leased duplex with hardwood floors and two-car garage.

    701 10th Street, Virginia, MN 55792
    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

    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.

    Commercial Land Near Freeway
    $799,000
    9.20 Acres

    Commercial Land Near Freeway

    9 acre commercial property near freeway in Hinckley, Minnesota.

    101 Morris Avenue, Hinckley, MN 55037
    View details
    Pine River Twp Waterfront Land
    $499,900
    30.20 Acres

    Pine River Twp Waterfront Land

    30.2 acres with 720 feet of shoreline.

    Backus, MN 56435
    View details
    Residential Land Near Henes Park
    Contact for pricing
    0.21 Acres

    Residential Land Near Henes Park

    Vacant city lot ready for building near Henes Park.

    605 46th, Menominee, MI 49858
    View details
    Waterfront Land on Fish Lake
    $550,000
    4.00 Acres

    Waterfront Land on Fish Lake

    4+ acres of waterfront property on crystal-clear Fish Lake.

    W12381 COUNTY ROAD GG, Hancock, WI 54943
    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.

    127 1st E Ave

    127 1st E Ave

    APARTMENT HOUSE (5+ UNITS) • 4,476 SF
    Value Estimation by Request
    127 1st E Ave, Ely, MN 55731-1261
    View details
    338 4th E Ave

    338 4th E Ave

    APARTMENT HOUSE (5+ UNITS) • 2,320 SF
    Value Estimation by Request
    338 4th E Ave, Ely, MN 55731-1553
    View details
    100 2nd W Ave, Unit 2

    100 2nd W Ave, Unit 2

    APARTMENT HOUSE (5+ UNITS) • 9,990 SF
    Value Estimation
    $1,175,000
    100 2nd W Ave, Ely, MN 55731-1168
    View details

    Ely, MN Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $690,000.

    Sale prices for multifamily properties in Ely, MN start at $0.00, averaging $138,000, and reaching up to $285,000 — 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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