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

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    Approved Cannabis Retail Property
    Updated: Jul 18
    Approved Cannabis Retail Property

    43 E Camp St, Ely, MN 55731

    $128,000
    7,000 sqft 0.60 AC lot
    City approval for cannabis retail and lower‑potency hemp edibles
    7,000 square feet on approximately 0.6 acres
    Upper‑level Suite 100 prepared for dispensary build‑out
    Lower level exceeds 3,000 square feet and has a private entrance
    Dedicated parking lot, multiple offices, storage, and two bathrooms
    View details
    Historic Downtown Storefront Building
    Updated: Jul 10
    Historic Downtown Storefront Building

    145 E Chapman St, Ely, MN 55731

    $275,000
    5,000‑square‑foot wood‑frame commercial building constructed in 1920
    Four separate leasing areas across the main and second floors
    Main‑floor front space retains original tin ceilings and wood floors
    Rubber roof installed in 2023
    New fuel oil boiler installed in 2021
    View details
    Mixed-Use Live-Work Building
    Mixed-Use Live-Work Building

    133 E Chapman Street, Ely, MN 55731

    $230,000

    Open main level retail or office space with an upstairs one-bedroom apartment, private rear entrance, rooftop deck, and off-street parking.

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    See what stands out in St. Louis County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    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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    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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Live-Work Commercial Property
    Live-Work Commercial Property

    133 E Chapman St, Ely, MN 55731

    $230,000
    2,010 sqft

    Main level offers an open, flexible space, with a private rear-access one-bedroom apartment and off-street parking upstairs.

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    Downtown Ely Commercial Building
    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    $230,000
    6,900 sqft 0.19 AC lot

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

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    Cannabis-Approved Retail Building
    Cannabis-Approved Retail Building

    43 E Camp St, Ely, MN 55731

    $128,000
    7,000 sqft

    Two-level commercial building with an approved lower-potency hemp edibles and cannabis retail tenant layout.

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    Multi-Building Commercial Property
    Multi-Building Commercial Property

    429 E Sheridan St, Ely, MN 55731

    $219,000
    1,362 sqft

    Three updated buildings offer flexible space for retail or office use, plus a renovated guest house and workshop.

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    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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    Mixed-Use Building in Downtown Ely
    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    Contact for pricing
    8,078 sqft 0.14 AC lot

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

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    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 12 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.

    Seven-Bay Auto Shop
    Seven-Bay Auto Shop

    6950 Highway 169, Virginia, MN 55792

    $399,000
    10,620 sqft

    High-capacity commercial facility with service infrastructure, administrative space, and a separate truck wash building.

    View details
    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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    Multi-Use Highway Frontage Industrial Property
    Multi-Use Highway Frontage Industrial Property

    6938 Highway 169, Virginia, MN 55792

    Contact for pricing
    50.00 AC lot

    Expansive property with nearly 50 acres and over 1,500 feet of Highway 169 frontage, plus multiple service buildings.

    View details
    Historic Mixed-Use Building
    Historic Mixed-Use Building

    601 Main St, Tower, MN 55790

    $339,900

    Two commercial suites and three upper-level apartments occupy a flexible building with storage, basement, garage, and shop space.

    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

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

    14564 Snow Ldg Rd, Ely, MN 55731-8293

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

    205 Central Ave, Ely, MN 55731-1212

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

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

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

    Ely, MN Retail Properties & Spaces Market Trends and Statistics

    Explore 16 retail properties & spaces for sale in Ely, MN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 44,364 square feet of properties for sale, with an estimated market value of $2,643,000.

    Sale prices for stores in Ely, MN start at $128,000, averaging $240,272, 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 4

    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 $240.3K

    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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