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    Ely, MN Retail Space for Sale

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    Downtown Ely Commercial Building
    $299,000
    6,900 SF

    Downtown Ely Commercial Building

    29 E Chapman St, Ely, MN 55731

    Two-level, 6,900 SF commercial building in downtown Ely.

    • Prime downtown Ely location.
    • Two levels with separate entrances, suitable for multiple businesses.
    • Large total square footage (6,900 sq ft) with open floor plans on both levels.
    • Main level features a large open space, private room, and two overhead garage doors.
    • Second level includes a stage, kitchen, and private office.
    Updated: Dec 3, 2025
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    Ely Commercial Property with Income
    $285,000
    3,768 SF

    Ely Commercial Property with Income

    120 E Sheridan St, Ely, MN 55731

    Commercial building with high traffic and dual rental income.

    • High‑traffic location on Sheridan Street (7,700 vehicles/day) in Ely's main business corridor, ideal for attracting customers.
    • Dual income potential from commercial space and two rentable 1‑bedroom apartments.
    • Versatile commercial space divisible into two separate units for multiple tenants or increased rental income.
    • 3,000+ sq ft commercial building with four large display windows for showcasing merchandise.
    • Located in a tourism‑rich area near the Boundary Waters Canoe Area Wilderness, state parks, and resorts.
    Updated: Sep 9, 2025
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    Downtown Ely Commercial Building For Sale
    $395,000

    Downtown Ely Commercial Building For Sale

    Meticulously maintained retail space with investment and conversion potential.

    137 E Sheridan St, Ely, MN 55731
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    Downtown Ely Commercial Building
    $299,000

    Downtown Ely Commercial Building

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

    29 E Chapman St, Ely, MN 55731
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 4 Active listings in Ely, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Nordic-Inspired Boutique on Main Street
    $350,000
    1,200 SF

    Nordic-Inspired Boutique on Main Street

    Charming retail space in Tower, MN, gateway to Lake Vermilion.

    303 Main St, Tower, MN 55790
    View details
    Mixed-Use Property in Tower, MN
    $176,000
    1,512 SF

    Mixed-Use Property in Tower, MN

    Commercial property with residential living quarters in downtown Tower.

    507 Main St, Tower, MN 55790
    View details
    Main Street Biwabik Mixed-Use
    $950,000

    Main Street Biwabik Mixed-Use

    Prime MN Investment: Live, Work, Play

    400 Main St, Biwabik, MN 55708
    View details
    Updated Mixed-Use Investment Opportunity
    Contact for pricing
    3,304 SF

    Updated Mixed-Use Investment Opportunity

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

    400 Main St S, Biwabik, MN 55708
    View details

    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.

    14641 Canadian Border Rd

    14641 Canadian Border Rd

    RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
    Value Estimation
    $635,000
    14641 Canadian Border Rd, Ely, MN 55731
    View details
    134 1st E Ave

    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 Space Investment Opportunities Market Analysis

    Explore 6 retail space for sale in Ely, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 331,927 square feet of properties for sale, with an estimated market value of $580,000.

    Sale prices for retail space in Ely, MN start at $580,000, averaging $580,000, and reaching up to $580,000 — 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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