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    Coffee Shop with Roasting and Residential
    Updated: Apr 21
    Coffee Shop with Roasting and Residential

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft 0.07 AC lot
    0.07‑acre lot with 4,350 SF overall building size
    Built in 1910 with a rubber roof
    Two 1‑bedroom, 1‑bath upper residential units with off‑street parking
    Roasting operation includes a 5lb Mill City Roaster
    2 W Sheridan St leased building with bar area, kitchen area, and restrooms
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    Mixed-Use Live-Work Building
    Updated: Jul 13
    Mixed-Use Live-Work Building

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Wood frame commercial building with forced air propane heat and an asphalt roof
    Main level offers an open, flexible floor plan suitable for retail or professional office uses
    Upstairs includes a spacious 1‑bedroom apartment with its own private rear entrance
    Apartment features a large rooftop deck
    Off‑street parking available
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    Turnkey Coffee & Wine Bar Building
    Turnkey Coffee & Wine Bar Building

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft

    Turnkey operation with a roasting room, commercial kitchen, and two 1-bedroom units above the storefront.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Live-Work Commercial Property
    Live-Work Commercial Property

    133 E Chapman St, Ely, MN 55731

    $230,000
    2,010 sqft

    Main level offers an open, flexible space, with a private rear-access one-bedroom apartment and off-street parking upstairs.

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    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $230,000
    6,900 sqft 0.19 AC lot

    Two-level commercial building in downtown Ely with business potential.

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    Multi-Building Commercial Property
    Multi-Building Commercial Property

    429 E Sheridan St, Ely, MN 55731

    $219,000
    1,362 sqft

    Three updated buildings offer flexible space for retail or office use, plus a renovated guest house and workshop.

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    Mixed-Use Property With Apartment
    Mixed-Use Property With Apartment

    420 E Sheridan St, Ely, MN 55731

    Contact for pricing

    Two-level commercial layout combines salon, offices, meeting space, and a three-bedroom residential unit.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 7 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

    Opportunities in Nearby Cities

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

    Live-Work Building with Office
    Live-Work Building with Office

    507 Main St, Tower, MN 55790

    $144,000
    1,512 sqft

    Downtown live-work building with main-floor office/retail space, large windows, and a 3-bedroom residence above.

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    Mixed-Use Property With Living Quarters
    Mixed-Use Property With Living Quarters

    507 Main Street, Tower, MN 55790

    $144,000

    Main-level commercial space is paired with private upper-level living quarters and garage parking.

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    Medical Office Building with Dental Rooms
    Medical Office Building with Dental Rooms

    22 W 3rd Ave N, Aurora, MN 55705

    $129,900

    Well-maintained medical office building with off-street parking and multiple dental treatment rooms plus x-ray and lab space.

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    Bar and Restaurant with Apartment
    Bar and Restaurant with Apartment

    111 N Main Street, Aurora, MN 55705

    Contact for pricing

    Operating hospitality property includes kitchen and bar equipment, furnishings, and an upper-level residential unit.

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    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

    14790 Moose Lk Rd, Ely, MN 55731-8291

    $1,000,000
    Estimated value
    8,244 sqft 15.37 AC lot
    View details

    Ely, MN Office Spaces Market Trends and Statistics

    Explore 8 office spaces for sale in Ely, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 18,972 square feet of properties for sale, with an estimated market value of $2,867,000.

    Sale prices for office spaces in Ely, MN start at $219,000, averaging $477,833, and reaching up to $979,000 — 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

    Office Units 3
    Coworking space 2

    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 $477.8K

    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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