Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1898 Shagawa Rd Ely, MN 55731-1016

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 15, 2023
    $10,000
    Location Intelligence
    Property ID
    US46-3057467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1898 Shagawa Rd

    Property type
    Commercial real estate
    APN
    465-0260-00025
    APU
    465026000025

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ely
    County
    St. Louis
    State
    Minnesota
    Longitude
    -91.888255
    Latitude
    47.904918
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34
    $1,900
    $0.00
    $1,900
    -
    $1,900
    $0.00
    $1,900

    Comparable in this City

    • Value Estimation by Request

      Ely, MN 55731

      COMMERCIAL (GENERAL)
      Ely, MN 55731
      View Details
    • Value Estimation by Request

      Ely, MN 55731

      COMMERCIAL (GENERAL)
      Ely, MN 55731
      View Details
    • Value Estimation by Request
      0.74 Acres

      Ely, MN 55731

      COMMERCIAL (GENERAL) • 0.74 Acres
      Ely, MN 55731
      View Details
    • Value Estimation by Request

      145 Sheridan St

      COMMERCIAL (GENERAL)
      145 Sheridan St, Ely, MN 55731-1214
      View Details
    • Value Estimation by Request

      1605 Sheridan St

      COMMERCIAL (GENERAL)
      1605 Sheridan St, Ely, MN 55731-1836
      View Details
    • Value Estimation by Request
      9,600 SF

      Ely, MN 55731

      COMMERCIAL (GENERAL) • 9,600 SF
      Ely, MN 55731
      View Details

    Similar Nearby for Sale

    • $3,870,000
      3.45 Acres

      Ely, MN Outfitters Resort

      Prime BWCA Outfitter, High Returns
      14694 Vosburgh Rd, Ely, MN 55731
      View Details
    • $455,000
      0.14 Acres

      Ely Downtown Commercial Gem

      Prime retail space, endless potential.
      137 Sheridan St, Ely, MN 55731
      View Details
    • $300,000
      0.19 Acres

      Downtown Ely Commercial Gem

      6,900 SF, Two-Level Building, High Potential
      29 Chapman St, Ely, MN 55731
      View Details
    • $945,000
      5.30 Acres

      Burntside Lake 5-Acre Island Parcel

      Spectacular Burntside Lake property with south and west facing exposure.
      Tbd Waters Is, Ely, MN 55731
      View Details
    • $945,000
      5.30 Acres

      Burntside Lake Waterfront Acreage

      Spectacular 5-acre parcel on Burntside Lake's Waters Island.
      Tbd Waters Is, Ely, MN 55731
      View Details
    • $349,000
      0.16 Acres

      Established Ely Ice Business For Sale

      Profitable Ice Business w/ Real Estate
      442 15Th Ave, Ely, MN 55731
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1898 Shagawa Rd
    Ely, MN 55731-1016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.