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

    4998 Big Lk Rd Ely, MN 55731

    • Hotels
    • 380 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1592633
    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

    • Hotels

    Property Details for 4998 Big Lk Rd

    Construction
    FRAME
    Property size
    380 SF
    Property type
    Hotels
    APN
    629-0032-00030
    APU
    629003200030

    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
    -92.008
    Latitude
    48.0855
    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
    2024
    $1,040
    $67,100
    $14,100
    $81,200
    -
    $67,100
    $14,100
    $81,200

    Comparable in this City

    • Value Estimation by Request
      5,250 SF

      3231 Wolf Lake Rd

      Hotels • 5,250 SF
      3231 Wolf Lake Rd, Ely, MN 55731
      View Details
    • Value Estimation
      $360,000
      1,120 SF

      3811 Fenske Lk Rd

      HOTEL-RESORT • 1,120 SF
      3811 Fenske Lk Rd, Ely, MN 55731
      View Details
    • Value Estimation by Request

      Ely, MN 55731

      HOTEL-RESORT
      Ely, MN 55731
      View Details
    • Value Estimation by Request

      Ely, MN 55731

      HOTEL-RESORT
      Ely, MN 55731
      View Details
    • Value Estimation by Request

      Ely, MN 55731

      HOTEL-RESORT
      Ely, MN 55731
      View Details
    • Value Estimation by Request

      Ely, MN 55731

      HOTEL-RESORT
      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
    • $184,900
      0.49 Acres

      Gorgeous Land in True North

      Premier fishing, hunting, and recreational getaway in northern Minnesota.
      1 N Kelly Trl, Isabella, MN 55731
      View Details
    • $2,500,000
      3 SF

      Ely MN Resort on Moose Lake

      Premier Boundary Waters outfitter on 3.45 acres with 500ft shoreline.
      14694 Vosburgh Rd, 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
    • $155,000
      20.00 Acres

      20 Acre Parcel Near Echo Trail

      20 acre parcel near Echo Trail with installed septic and well.
      1687 Golden Rdg Trl, Ely, MN 55731
      View Details
    • $249,000
      2,840 SF

      Bar and Grill Opportunity

      Bar and grill with outdoor seating near Babbitt entrance.
      2667 Hwy, 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.
    4998 Big Lk Rd
    Ely, MN 55731
    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.