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    Ely, MN
    Recreation

    Ely, MN Recreation Land for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Forested Recreation Land Parcel
    Updated: Jul 13
    Forested Recreation Land Parcel

    1648 Golden Ridge Trail, Ely, MN 55731

    $154,000
    20.00 AC lot
    20‑acre forested parcel on Golden Ridge Trail, just off Echo Trail near Ely
    Electric service brought directly to the site in the heart of the property
    Handcrafted outhouse on the property
    Includes an elevated deer stand with a comfortable staircase for access
    Hundreds of acres of adjoining State land border the west, southwest, and east sides
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    Burntside Lake 5-Acre Island Parcel
    Updated: May 20, 2025
    Burntside Lake 5-Acre Island Parcel

    Waters Island, Ely, MN 55731

    $945,000
    5.30 AC lot
    5‑acre parcel on Waters Island, Burntside Lake: Offers a large, private property on a central island of a highly desirable lake.
    South and west facing exposure with breathtaking views of the lake and Boundary Waters Wilderness.
    Private bay for swimming and boating: Includes a secluded bay ideal for recreational water activities.
    Multiple level building sites feature easily accessible and level areas suitable for construction among mature pines.
    Mainland dock with parking includes a dedicated mainland dock with a spacious parking area and easy access.
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    Wooded Waterfront Homesite
    Wooded Waterfront Homesite

    417 Barrel Road, Ely, MN 55731

    $347,000
    2.80 AC lot

    A private, surveyed 2.8-acre south-shore lot with power at the road, reviewed septic site, and 205 feet of shoreline.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lakefront Recreation Land Parcel
    Lakefront Recreation Land Parcel

    95642 Pine Island, Tower, MN 55790

    $169,900
    7.20 AC lot

    Recreational land on Lake Vermilion with approved septic sites and boat-access dock frontage.

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    Land Tract with Highway Frontage
    Land Tract with Highway Frontage

    Highway 135, Tower, MN 55790

    $210,000
    126.25 AC lot

    Large tract with substantial highway frontage and adjacent bike trail for year-round recreation and private development options.

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    Lakefront Recreation Land Parcel
    Lakefront Recreation Land Parcel

    2377 North McDougal Lake Road, Isabella, MN 55607

    $145,000

    Waterfront land on North McDougal Lake in the Superior National Forest, offering a lakeside setting for outdoor recreation.

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    Recreational Hunting Land Parcel
    Recreational Hunting Land Parcel

    9279 Highway 2, Isabella, MN 58701

    Contact for pricing
    40.00 AC lot

    40 acres in the Isabella area with good access off Highway 2 and a driveway into a potential building site.

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    Ely, MN Recreation Land Market Trends and Statistics

    Explore 3 recreation land for sale in Ely, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,446,000.

    Sale prices for recreation land in Ely, MN start at $154,000, averaging $482,000, and reaching up to $945,000 — 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

    Waterfront Land 5
    Recreation land 4
    Hunting land 2
    Residential land & home lots 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 $482K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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