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    Ely, MN Parking Lots & Garages for Sale

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    Babbitt, MN Tower, MN Soudan, MN
    Ely, MN Commercial Opportunity
    $498,500
    4,920 SF
    Ely, MN Commercial Opportunity

    2331 Old Hwy 169, Ely, MN 55731

    Live and work up north with excellent growth opportunities!
    • 11.5‑acre property on paved road with visibility from the corner of Hwy 169 & Grant McMahan, about 5 miles from Ely
    • 4,920 SF storage building with 17‑ft high double doors on each end, plus office with laundry and bath
    • Indoor boat storage for 14 boats, with 50+ boats stored outside and room for additional storage buildings
    • On‑site living and rental: 1 bed/1 bath year‑round house and a 1 bed/1 bath upstairs year‑round apt
    • Business setup includes repeat 6–7 month storage contracts covering retrieval from lake, motor winterization, spring launch, plus tune‑ups/rigging
    Updated: Jul 13, 2025
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    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres
    Ely Commercial Live-Work Opportunity

    2331 Old Highway 169, Ely, MN 55731

    Live and work opportunity in Ely, Minnesota with passive income.
    • Established boat storage/rental/servicing business with verifiable financials.
    • Passive income and excellent growth potential in the recreational boating industry.
    • Includes a year‑round 1‑bedroom house (potential for 2nd bedroom) and a 1‑bedroom apartment.
    • Large 4920 sq ft storage building with office, laundry, bath, and indoor boat storage.
    • Located on 11.5 acres with high visibility from Highway 169, near Ely.
    Updated: Jul 13, 2025
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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 10 Commercial Building
    $650,000
    2,586 SF
    Highway 10 Commercial Building

    2,586 SF commercial building on Highway 10 in Ramsey, MN.

    7105 Highway 10 NW, Ramsey, MN 55303

    View details
    Luxury Vehicle Storage Condo
    $299,900
    1,500 SF
    Luxury Vehicle Storage Condo

    Car condo with high-end finishes and security features.

    16765 198th Avenue NW, Big Lake, MN 55309

    View details
    Luxury Oversized Car Condo
    $549,900
    3,472 SF
    Luxury Oversized Car Condo

    Finished car condo with luxury features and entertainment space.

    16768 198th NW Avenue 33, Big Lake, MN 55309

    View details
    Parking Lot on US Hwy
    $310,000
    0.62 Acres
    Parking Lot on US Hwy

    0.62 acre parking lot with highway visibility.

    6131 W Hwy 10, Ramsey, MN

    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.

    Rainy Lake Shoreline Property
    $225,000
    0.20 Acres
    Rainy Lake Shoreline Property

    Protected boat landing with docks and boathouse on Rainy Lake.

    Tbd County Road 94, International Falls, MN 56649

    View details
    Commercial Land in Columbus, MN
    $1,500,000
    20.47 Acres
    Commercial Land in Columbus, MN

    20.47 acre commercial build site with utilities on site.

    14925 Hornsby Street NE, Columbus, MN 55025

    View details
    Prime South Broadway Development Site
    $339,900
    5.00 Acres
    Prime South Broadway Development Site

    Exceptional commercial development opportunity on highly traveled South Broadway.

    Tbd S Broadway, Alexandria, MN 56308

    View details
    Gwinn Commercial Property on M35
    $299,999
    1,200 SF
    Gwinn Commercial Property on M35

    5-acre commercial property with versatile building and highway frontage.

    110 N Marshall, Gwinn, MI 49841

    View details

    Ely, MN Parking Lots & Garages Investment Opportunities Market Analysis

    Explore 2 parking lots & garages for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 4,920 square feet of properties for sale, with an estimated market value of $498,500.

    Sale prices for parking garages in Ely, MN start at $498,500, averaging $498,500, and reaching up to $498,500 — 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

    Parking lots & garages 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 $498.5K

    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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