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    Ely, MN
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    Ely, MN Retail Properties & Spaces for Sale

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    Babbitt, MN Tower, MN Isabella, MN
    8 results
    Historic Commercial Building in Ely, MN
    $300,000
    5,000 SF

    Historic Commercial Building in Ely, MN

    145 E Chapman St, Ely, MN 55731

    5000 sq ft commercial building in downtown Ely for sale.

    • Prime downtown Ely location on a high visibility corner lot.
    • Leased main floor space provides immediate income until April 2027.
    • Substantial recent updates including a new roof (2023) and fuel oil boiler (2021).
    • Historic building (built in 1920) with original tin ceilings and wood floors in the leased space.
    • 5000 sq ft commercial building with 4 separate leasing areas.
    Updated: May 13
    View details
    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    Two-level commercial building in downtown Ely with business potential.

    • Prime downtown Ely location.
    • Two levels, totaling 6,900 sq ft, each with 3,450 sq ft.
    • Separate private entrances for each level, suitable for multiple businesses.
    • Main level features a large open space, private room, and 2 bathrooms.
    • Second level includes a stage, kitchen, and 2 bathrooms.
    Updated: Mar 2
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    Ely Commercial and Income Property
    $275,000
    3,000 SF

    Ely Commercial and Income Property

    Commercial building with dual rental income potential in Ely, MN.

    120 E Sheridan Street, Ely, MN 55731
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    Ely, MN Commercial Opportunity
    $498,500
    4,920 SF

    Ely, MN Commercial Opportunity

    Live and work up north with excellent growth opportunities!

    2331 Old Hwy 169, Ely, MN 55731
    View details
    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    Two-level commercial building in downtown Ely with business potential.

    29 E Chapman St, Ely, MN 55731
    View details
    Ely Commercial Live-Work Opportunity
    $498,500
    11.50 Acres

    Ely Commercial Live-Work Opportunity

    Live and work opportunity in Ely, Minnesota with passive income.

    2331 Old Highway 169, Ely, MN 55731
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    Commercial Building in Ely's Downtown
    $375,000
    4,200 SF

    Commercial Building in Ely's Downtown

    Meticulously maintained 4,200 sq ft retail space in Ely.

    137 E Sheridan St, Ely, MN 55731
    View details
    Mixed-Use Building in Downtown Ely
    $390,000
    8,078 SF

    Mixed-Use Building in Downtown Ely

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

    216 E Sheridan St, Ely, MN
    View details
    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 8 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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.

    Highway Frontage Commercial Opportunity
    $129,900
    0.45 Acres

    Highway Frontage Commercial Opportunity

    Commercial property with highway frontage, former car wash, and residence.

    110 Hwy. 53, Cook, MN 55723
    View details
    Highway 53 Commercial Opportunity
    $448,500
    8,640 SF

    Highway 53 Commercial Opportunity

    Commercial building on 0.65 acre corner lot.

    10 S Highway 53, Cook, MN 55723
    View details
    Updated Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Updated Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik,MN.

    400 Main S Street, Biwabik, MN 55708
    View details
    Biwabik Mixed-Use Investment Opportunity
    $950,000
    3,304 SF

    Biwabik Mixed-Use Investment Opportunity

    Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.

    400 Main Street S, Biwabik, MN 55708
    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.

    Land For Sale
    $123,400

    Land For Sale

    Land available on Highway 53 in Eveleth, Minnesota.

    3426 Highway 53, Eveleth, MN 55734
    View details
    Hibbing Commercial Land Opportunity
    $195,000
    17.00 Acres

    Hibbing Commercial Land Opportunity

    Prime commercial land with utilities and road frontage.

    Old Highway 169, Hibbing, MN 55746
    View details
    Commercial Land on Highway 61
    $344,000

    Commercial Land on Highway 61

    B-1 land available on Highway 61 in Two Harbors.

    1050 HWY 61, Two Harbors, MN 55616
    View details
    Commercial Land Near Westside Commons
    $149,000

    Commercial Land Near Westside Commons

    Commercial land with frontage near Walmart and Westside Commons.

    Hwy 73, Hibbing, MN 55746
    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.

    14641 Canadian Border Rd
    RETAIL STORES (PERSONAL SERVICES)
    1,440 SF Lot: 7.62 Acres
    Estimated value
    $635,000

    14641 Canadian Border Rd, Ely, MN 55731

    View details
    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
    205 Central Ave
    AUTO REPAIR, GARAGE
    3,500 SF
    Value Estimation by Request

    205 Central Ave, Ely, MN 55731-1212

    View details
    134 1st E Ave
    RETAIL STORES (PERSONAL SERVICES)
    3,696 SF
    Value Estimation by Request

    134 1st E Ave, Ely, MN 55731-1772

    View details

    Ely, MN Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 12 retail properties & spaces for sale in Ely, MN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 38,998 square feet of properties for sale, with an estimated market value of $2,436,500.

    Sale prices for stores in Ely, MN start at $275,000, averaging $348,071, and reaching up to $498,500 — 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

    Automotive properties 2
    Parking lots & garages 2
    Storefront properties 2

    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 median listing prices of real estate assets

    Neighborhood Average Price
    55731 $363.6K

    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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