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    Ely, MN
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    Ely, MN Restaurants for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    Mixed-Use Building in Downtown Ely
    $390,000
    8,078 SF

    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    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.
    Updated: Aug 1, 2024
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Established Restaurant/Bar in Superior, WI
    $429,000
    1,890 SF

    Established Restaurant/Bar in Superior, WI

    Turnkey restaurant opportunity with seating for 60 in Superior.

    803 N 5th St, Superior, WI 54880
    View details
    Prime Location Near University Campus
    $895,000
    3,800 SF

    Prime Location Near University Campus

    Turn-key restaurant or retail opportunity near a thriving university.

    403 Belknap St, Superior, WI
    View details
    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
    View details
    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
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Superior, WI Commercial Land
    $87,500
    0.34 Acres

    Superior, WI Commercial Land

    Commercial land with high visibility and traffic count.

    2802 E 2nd St, Superior, WI 54880
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    Commercial Lot in Minong, WI
    Contact for pricing
    0.11 Acres

    Commercial Lot in Minong, WI

    Commercial lot in high-traffic area with available utilities.

    317 W 5th Avenue, Minong, WI 54859
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    Commercial Lot on Highway 27
    $59,000

    Commercial Lot on Highway 27

    Prime commercial lot in Hayward, WI, high-visibility location.

    Lot, Hayward, WI 54843
    View details
    Highway 27 Commercial Lot
    $59,000
    0.47 Acres

    Highway 27 Commercial Lot

    Commercial lot on Highway 27 in Hayward, Wisconsin.

    Highway 27 lot: #1, Hayward, WI 54843
    View details

    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
    BAR, TAVERN
    2,112 SF Lot: 7.60 Acres
    Estimated value
    $805,000

    14564 Snow Ldg Rd, Ely, MN 55731-8293

    View details

    Ely, MN Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Ely, MN on our real estate platform. These investment opportunities span a total of 8,078 square feet of properties for sale, with an estimated market value of $390,000.

    Sale prices for restaurant properties in Ely, MN start at $390,000, averaging $390,000, and reaching up to $390,000 — 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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    Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $11.67 per sq ft
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

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