2121 Camp St, Ely, MN 55731
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.
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Ely Rentals Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.