Advertise
    Ely, MN
    Residential

    Ely, MN Residential Land & Home Lots for Sale

    Notify Me
    List
    Map
    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Turnkey Waterfront Recreation Lot
    Updated: Apr 12
    Turnkey Waterfront Recreation Lot

    2148 Haapala Rd, Ely, MN 55731

    $159,000
    5.00 AC lot
    Ready‑to‑build 5‑acre parcel with cleared building site and driveway
    Utilities in place: private well, power, and 3‑bedroom septic system
    Water and septic hookups are available for connecting a future home
    Includes a 30‑foot camper connected to on‑site power, septic, and water hookups
    A 12 x 12 heated shed houses water and mechanical systems
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

    Recreation Waterfront Land for Cabin
    Recreation Waterfront Land for Cabin

    TBD Parcel 22 Frazer Bay Rd., Cook, MN 55723

    $45,900
    1.96 AC lot

    Recreation-focused lot near Lake Vermilion, with power to the site planned and a septic location identified.

    View details
    Recreation Waterfront Land Parcel
    Recreation Waterfront Land Parcel

    TBD Parcel 27 Frazer Bay Rd., Cook, MN 55723

    $67,900
    2.20 AC lot

    Recreation-focused waterfront lot near Lake Vermilion, with power provided to the site and a septic location.

    View details
    Lake Vermilion Road Access Building Lot
    Lake Vermilion Road Access Building Lot

    Armstrong Bay Road, Tower, MN 55790

    $474,500
    3.44 AC lot

    3.4 acre building lot with 240 ft shoreline.

    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

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

    Explore 1 residential land & home lots for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 217,800 square feet of properties for sale, with an estimated market value of $159,000.

    Sale prices for home sites in Ely, MN average $159,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Waterfront Land 7
    Recreation land 4
    Residential land & home lots 2
    Hunting land 1

    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 $45K

    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

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Ely, MN

    Popular Categories

    Most Searched ZIP Codes in Ely, MN

    • 55731

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!