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    Ely, MN
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    Ely, MN Residential Land & Home Lots for Sale

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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Fall Lake Waterfront Homesite
    Updated: May 26
    Fall Lake Waterfront Homesite

    417 Barrell Road, Ely, MN 55731

    $274,500
    2.80 AC lot
    205 ft excellent swimming shoreline on Fall Lake
    Direct boat access to the Boundary Waters Canoe Area (BWCA)
    Private 2.8 wooded acres on a premier lake
    Year‑round road access and utilities available
    Gradual elevation to the water with choice building sites
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    Wooded Waterfront Homesite
    Updated: Apr 30
    Wooded Waterfront Homesite

    417 Barrel Road, Ely, MN 55731

    $274,500
    2.80 AC lot
    2.8 wooded acres on the south shore of Fall Lake with lake views up the shoreline
    205 ft shoreline with access to the BWCA entry waterway and boat ride about 2 miles to the BWCA
    Power available at the road
    Surveyed property with choice of building sites and gradual elevation to the water
    Site reviewed for septic
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    Turnkey Waterfront Recreation Lot
    Turnkey Waterfront Recreation Lot

    2148 Haapala Rd, Ely, MN 55731

    $149,000
    5.00 AC lot

    A ready-to-build 5-acre parcel with cleared site, driveway, private well, power, septic, and water hookups.

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    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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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.

    Land, Tower, MN
    Land, Tower, MN

    Armstrong Bay Road, Tower, MN 55790

    $425,000
    3.44 AC lot

    Residential land & home lots · 3.44 Acres

    View details
    Lake Vermilion Waterfront Land
    Lake Vermilion Waterfront Land

    Pine Narrows lot: 10, Tower, MN 55790

    $189,000
    6.00 AC lot

    6-acre waterfront land with 821 ft shoreline on Lake Vermilion.

    View details
    LOTS/LAND, Babbitt, MN
    LOTS/LAND, Babbitt, MN

    Tract B Hwy 21, Babbitt, MN 55706

    $50,000
    4.00 AC lot

    Residential land & home lots · 4.00 Acres

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    LOTS/LAND, Babbitt, MN
    LOTS/LAND, Babbitt, MN

    Tract C Hwy 21, Babbitt, MN 55706

    $50,000
    4.00 AC lot

    Residential land & home lots · 4.00 Acres

    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 461,736 square feet of properties for sale, with an estimated market value of $698,000.

    Sale prices for home sites in Ely, MN start at $149,000, averaging $232,666, and reaching up to $274,500 — 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 8
    Recreation land 4
    Residential land & home lots 3

    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 $210.8K

    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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