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    Ely, MN
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    Ely, MN Office Spaces for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Coffee Shop and Roasting Operation
    Updated: Jul 13
    Coffee Shop and Roasting Operation

    2 W Sheridan St, Ely, MN 55731

    $979,000
    4,350 sqft 0.07 AC lot
    Business operation spans 2 W. Sheridan St. and 36 W. Sheridan St. in Ely
    Roasting room includes a 5lb Mill City Roaster
    Commercial bakery and kitchen at the 36 W. Sheridan production hub
    Two upper‑level units, each with 1 bedroom and 1 bathroom
    Society Hall offers coworking and event space
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    Mixed-Use Property with Apartment
    Updated: Jul 13
    Mixed-Use Property with Apartment

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Open main‑level layout for retail, professional office, boutique, or studio use
    One‑bedroom apartment on the upper level
    Separate rear entrance for the residential unit
    Rooftop deck included
    Off‑street parking
    View details
    Mixed-Use Property with Coffee Roastery
    Mixed-Use Property with Coffee Roastery

    2 W Sheridan Street, Ely, MN 55731

    $979,000
    4,350 sqft

    The offering combines a production kitchen, two apartments, and space for coworking and events.

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    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $209,000
    6,900 sqft 0.19 AC lot

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

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    Based on your search, we've compiled 9 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

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Attached Garage
    Mixed-Use Building with Attached Garage

    602 Main St, Tower, MN 55790

    $290,000
    4,460 sqft

    Multi-level commercial property with leased ground-floor bar and liquor store space, city offices, storage, and additional parking land.

    View details
    Four-Floor Mixed-Use Building
    Four-Floor Mixed-Use Building

    214 N Second Ave, Virginia, MN 55792

    $400,000
    11,014 sqft

    Solid brick construction includes a separate garage and storage building.

    View details
    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.

    View details
    Four-Story Mixed-Use Building
    Four-Story Mixed-Use Building

    214 N 2nd Ave, Virginia, MN 55792

    $400,000

    Downtown Virginia property with a separate garage/storage building and four floors of interior space.

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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

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

    Ely, MN Office Spaces Market Trends and Statistics

    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 15,600 square feet of properties for sale, with an estimated market value of $2,397,000.

    Sale prices for office properties in Ely, MN start at $209,000, averaging $599,250, 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

    Coworking space 3
    Office Units 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 $472.7K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

    Office

    Residential Income

    How Realmo verifies these figures

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