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    Ely, MN
    Retail

    Ely, MN Retail Properties & Spaces for Sale

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    Historic Corner Storefront
    Updated: Jul 10
    Historic Corner Storefront

    145 E Chapman St, Ely, MN 55731

    $240,000
    5,000‑square‑foot commercial building constructed in 1920
    Four separate leasing areas across the building
    Corner location in downtown Ely
    New roof completed in 2023
    New fuel oil boiler installed in 2021
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    Mixed-Use Property with Apartment
    Updated: Jul 13
    Mixed-Use Property with Apartment

    133 E Chapman Street, Ely, MN 55731

    $230,000
    Open main‑level layout for retail, professional office, boutique, or studio use
    One‑bedroom apartment on the upper level
    Separate rear entrance for the residential unit
    Rooftop deck included
    Off‑street parking
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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

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    See hot listings in Ely

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    120 E Sheridan St, Ely, MN 55731

    $219,000
    2,994 sqft

    Retail frontage offers four display windows, off-street parking, and additional residential income potential.

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    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft

    Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

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    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $209,000
    6,900 sqft 0.19 AC lot

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

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Downtown Ely Commercial Building For Sale
    Downtown Ely Commercial Building For Sale

    137 E Sheridan St, Ely, MN 55731

    $370,000
    4,200 sqft 0.14 AC lot

    Meticulously maintained retail space with investment and conversion potential.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 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

    Opportunities in Nearby Cities

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

    4-Bay Auto Repair Shop
    4-Bay Auto Repair Shop

    111 Vermilion Dr E, Cook, MN 55723

    $529,000
    3,048 sqft

    The sale includes an operating tire and repair business, equipment, tools, and dedicated customer service areas.

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    Nordic-Inspired Retail Space
    Nordic-Inspired Retail Space

    303 Main St, Tower, MN 55790

    $250,000
    2,400 sqft

    Retail setting with Scandinavian-inspired interiors and home furnishings, rugs, decor, and gifts.

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    Turnkey Auto Shop with Lifts
    Turnkey Auto Shop with Lifts

    111 Vermilion Dr E, Cook, MN 55723

    $529,000

    Operating automotive business with repair bays, customer areas, equipment, and a sizable parking area.

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    Nordic-Inspired Retail Storefront
    Nordic-Inspired Retail Storefront

    303 Main Street, Tower, MN 55790

    $250,000

    Wood-frame commercial property with central air, forced-air heat, and a 1930 construction date.

    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)

    14641 Canadian Border Rd, Ely, MN 55731

    Estimated value:
    $580,000
    1,440 sqft 7.62 AC lot
    View details
    14564 Snow Ldg Rd
    BAR, TAVERN

    14564 Snow Ldg Rd, Ely, MN 55731-8293

    Estimated value:
    $740,000
    2,112 sqft 7.60 AC lot
    View details
    205 Central Ave
    AUTO REPAIR, GARAGE

    205 Central Ave, Ely, MN 55731-1212

    Estimated value:
    $555,000
    3,500 sqft
    View details
    134 1st E Ave
    RETAIL STORES (PERSONAL SERVICES)

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

    Estimated value:
    $300,000
    3,696 sqft
    View details

    Ely, MN Retail Properties & Spaces Market Trends and Statistics

    Explore 11 retail properties & spaces for sale in Ely, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 18,914 square feet of properties for sale, with an estimated market value of $1,882,000.

    Sale prices for stores in Ely, MN start at $209,000, averaging $268,857, and reaching up to $395,000 — 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

    Storefront properties 5

    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 $268.9K

    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)

    How Realmo verifies these figures

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