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Ely, MN Restaurants for Sale

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Bar and Grill Opportunity
$249,000
2,840 SF

Bar and Grill Opportunity

2667 Hwy 70, Ely, MN 55731

Bar and grill with outdoor seating near Babbitt entrance.

  • High‑traffic location near Babbitt entrance, 20 miles from Ely
  • Includes a fully equipped kitchen with coolers, freezers, fryers, ovens, and more
  • Features a large dining room with a gas fieldstone fireplace and a horseshoe‑shaped bar with TVs
  • Offers outdoor seating and a deck area on 3.22 acres with city utilities
  • Close proximity to Birch Lake Beach & RV Campground (1 mile) and Babbitt Golf Course (less than 0.5 mile)
Updated: Dec 8, 2025
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Mixed-Use Building in Downtown Ely
$390,000
8,078 SF

Mixed-Use Building in Downtown Ely

216 E Sheridan St, Ely, MN 55731

Two-story building with restaurant and four apartments in Ely.

  • Prime downtown Ely location on Highways 1/169.
  • Multi‑purpose commercial real estate with restaurant and apartments.
  • Restaurant space of 4,014 sq. ft. with seating for 150.
  • Four residential rental units on the second floor.
  • Income potential from 3 out of 4 rented apartment units.
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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

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

Turn-Key Restaurant Opportunity
$749,000
3,475 SF

Turn-Key Restaurant Opportunity

Restaurant and retail property in high-visibility location.

812 7Th Ave, Two Harbors, MN 55616
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Prime Two Harbors Restaurant
$749,000
3,718 SF

Prime Two Harbors Restaurant

Turnkey Restaurant, High Visibility

812 7Th Ave, Two Harbors, MN 55616
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Turn-Key Restaurant Opportunity
$795,000
13,548 SF

Turn-Key Restaurant Opportunity

13,548 SF building suitable for various uses or redevelopment.

5906 Old Miller Trunk Hwy, Duluth, MN 55811
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Retail Property with Drive-Through
$1,395,000
9,600 SF

Retail Property with Drive-Through

Retail property featuring a drive-through on 0.96 acres.

326 E Central Entrance, Duluth, MN 55811
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Explore Off-Market Properties in Ely, MN

Consider similar Off-Market properties in Ely, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

14564 Snow Ldg Rd

14564 Snow Ldg Rd

BAR, TAVERN • 2,112 SF
Value Estimation
$805,000
14564 Snow Ldg Rd, Ely, MN 55731-8293
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Ely, MN Restaurants Investment Opportunities Market Analysis

Explore 3 restaurants for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 331,056 square feet of properties for sale, with an estimated market value of $740,000.

Prices for restaurant properties in Ely, MN start at $740,000, averaging $740,000, and reaching up to $740,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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