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    OFF-MARKET
    Commercial real estate

    2121 Camp St, Ely, MN 55731

    20 ac lot
    Property ID
    US46-0154214
    Property summary
    AI-generated overview

    Discover a unique 20-acre investment opportunity in Ely, Minnesota. This mixed-use property, currently operating as a 23-site RV park with full hookups (including 10 pull-thru sites), presents significant redevelopment potential. The property boasts 2 buildings on a single story, and is zoned for commercial use. Expand the existing RV park, construct condos or cabins, or develop storage units. The land is ideally suited for geothermal heating, offering cost-effective energy solutions. Located on the edge of Ely, this prime real estate offers unparalleled development potential in a desirable location near the Boundary Waters Canoe Area. The asking price is $1,200,000. The property includes 23 RV sites, with city water, sewer, and utility hookups. The parcel number is 030-0500-00090. This is a rare chance to acquire a versatile property with substantial upside in a thriving Minnesota market.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 20 ac (871,200 SF)
    APN 030-0500-00090
    UPID US46-0154214
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ely Rentals Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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