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    Ely, MN
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    Ely, MN Office Spaces for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    Downtown Ely Commercial Building
    $299,000
    6,900 SF
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    Two-level commercial building in downtown Ely with business potential.
    • Prime downtown Ely location.
    • Two levels, totaling 6,900 sq ft, each with 3,450 sq ft.
    • Separate private entrances for each level, suitable for multiple businesses.
    • Main level features a large open space, private room, and 2 bathrooms.
    • Second level includes a stage, kitchen, and 2 bathrooms.
    Updated: Mar 2
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    Downtown Ely Commercial Building
    $299,000
    6,900 SF
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    Two-level commercial building in downtown Ely with business potential.
    • Prime downtown Ely location.
    • Two levels with separate entrances suitable for multiple businesses.
    • Large open spaces on both levels (3,450 sq ft each).
    • Multiple bathrooms and private rooms on each level.
    • Enjoy the deck/patio area at the back of the building.
    Updated: Dec 3, 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

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    Commercial Building in Ely's Downtown
    $375,000
    4,200 SF
    Commercial Building in Ely's Downtown

    Meticulously maintained 4,200 sq ft retail space in Ely.

    137 E Sheridan St, Ely, MN 55731

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Highway Frontage Retail/Office Space
    $229,000
    2,016 SF
    Highway Frontage Retail/Office Space

    Retail and office space with high visibility highway frontage.

    4303 Hwy 53 N, Orr, MN 55771

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    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

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    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
    Highway 53 Retail/Office Space
    $229,000
    2,016 SF
    Highway 53 Retail/Office Space

    2016 sq ft retail/office space with highway frontage.

    4303 Highway 53, Orr, MN 55771

    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 Westside Commons
    $149,000
    Commercial Land Near Westside Commons

    Commercial land with frontage near Walmart and Westside Commons.

    Hwy 73, Hibbing, MN 55746

    View details
    Superior, WI Commercial Land
    $87,500
    0.34 Acres
    Superior, WI Commercial Land

    Commercial land with high visibility and traffic count.

    2802 E 2nd St, Superior, WI 54880

    View details
    Bayfield Land with Lake Views
    $949,900
    29.79 Acres
    Bayfield Land with Lake Views

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

    35480 Whitetail Ave, Bayfield, WI 54814

    View details
    Bayfield Land For Sale
    $949,900
    Bayfield Land For Sale

    Land available in Bayfield, Wisconsin.

    35480 Whitetail Avenue, Bayfield, WI 54814

    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.

    14790 Moose Lk Rd
    OFFICE BUILDING
    8,244 SF Lot: 15.37 Acres
    Estimated value
    $1,000,000

    14790 Moose Lk Rd, Ely, MN 55731-8291

    View details

    Ely, MN Office Spaces Investment Opportunities Market Analysis

    Explore 5 office spaces for sale in Ely, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 18,000 square feet of properties for sale, with an estimated market value of $973,000.

    Sale prices for office spaces in Ely, MN start at $299,000, averaging $324,333, and reaching up to $375,000 — 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

    Office Units 3

    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 median listing prices of real estate assets

    Neighborhood Average Price
    55731 $367.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per sq ft
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

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