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    Isabella, MN Babbitt, MN Tower, MN Soudan, MN Embarrass, MN
    Lakeside Resort Property
    Updated: Feb 10
    Lakeside Resort Property

    474 Kawishiwi Trl, Ely, MN 55731

    $2,800,000
    3,680 sqft
    Over 650’ of White Iron Lake shoreline
    +/- 3 acres with direct access to the Boundary Waters Canoe Area Wilderness
    6 lakeside resort cabins
    2‑bedroom owner’s residence
    Includes office, gift shop, equipment building, workshop, and food packaging area
    View details
    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 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.

    Riverfront Resort with Cabins
    Riverfront Resort with Cabins

    10418 Ash River Trl, Orr, MN 55771

    $2,500,000
    18,430 sqft 10.00 AC lot

    Hospitality property with lodging, marina facilities, owner accommodations, staff housing, and a full-service dining venue.

    View details
    Waterfront Resort Lodge
    Waterfront Resort Lodge

    37508 Bluewater Rd, Grand Rapids, MN 55744

    $250,000
    5,653 sqft

    Lodge property with bunk rooms, commercial kitchen, gas fireplace, and an accessible main area.

    View details
    Riverfront Cabin Resort
    Riverfront Cabin Resort

    10418 Ash River Trail, Orr, MN 55771

    $2,500,000

    Hospitality property with cabins, docks, lodging support spaces, and an on-site restaurant and bar.

    View details
    Lakefront Resort Property
    Lakefront Resort Property

    37508 Bluewater Road, Grand Rapids, MN 55744

    $250,000
    7.00 AC lot

    Lodge complex with bunk rooms, commercial kitchen, accessible facilities, and additional buildings on Bluewater Lake.

    View details

    Ely, MN Resorts Market Trends and Statistics

    Explore 1 resorts for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 3,680 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for resorts in Ely, MN average $2,800,000 — 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

    Resorts 2
    Campgrounds 1
    Motels 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 $2.3M

    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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