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    Ely, MN Residential Land & Home Lots for Sale

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    Isabella, MN Babbitt, MN Tower, MN
    Fall Lake Waterfront Homesite
    $347,000
    2.80 Acres
    Fall Lake Waterfront Homesite

    Ely, MN 55731

    2.8 acres with 205 ft shoreline on Fall Lake.
    • 205 Ft Excellent Swimming Shoreline on Fall Lake
    • Direct Boat Access to the Boundary Waters Canoe Area (BWCA)
    • Private 2.8 Wooded Acres
    • Well Maintained Year Round Road Access
    • Walking Distance to Kawishiwi Falls
    Updated: Apr 30
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    Buildable Lot Near Trezona Trail
    $42,000
    0.81 Acres
    Buildable Lot Near Trezona Trail

    Trezona Dr, Ely, MN 55731

    0.81-acre buildable lot near Trezona Trail in Ely, MN.
    • Buildable .81‑acre lot in Ely, MN.
    • Located just off the Trezona Trail for four‑season recreation.
    • City utilities are already available on the lot.
    • Mix of mature trees and ample space for building.
    • Potential lake views from the property.
    Updated: Jun 16
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    Residential Lot in Ely, MN
    $45,000
    0.86 Acres
    Residential Lot in Ely, MN

    0.86 acre residential lot near trails and wilderness.

    2120 Sibley Court, Ely, MN 55731

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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.

    Lake Vermilion Building Lot
    $124,500
    4.60 Acres
    Lake Vermilion Building Lot

    4.6 acre lot with 250 ft shoreline on Lake Vermilion.

    Tower, MN 55790

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    Tower, MN Lot for Sale
    $49,900
    0.05 Acres
    Tower, MN Lot for Sale

    Lot in Tower R.V. Resort with lake access.

    Tbd 13 Lake Ave S, Tower, MN 55790

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    Lake Vermilion Road Access Building Lot
    $474,500
    3.44 Acres
    Lake Vermilion Road Access Building Lot

    3.4 acre building lot with 240 ft shoreline.

    Tower, MN 55790

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    Undeveloped Lot Near Lake Vermilion
    $150,000
    0.83 Acres
    Undeveloped Lot Near Lake Vermilion

    Secluded 0.83-acre lot with lake access in Tower, MN.

    Hawk Isle Lot 0010, Tower, MN 55790

    View details

    Ely, MN Residential Land & Home Lots Market Trends and Statistics

    Explore 3 residential land & home lots 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 $434,000.

    Sale prices for home sites in Ely, MN start at $42,000, averaging $144,666, and reaching up to $347,000 — 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 4
    Residential land & home lots 3
    Recreation land 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 $144.7K

    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)

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