Advertise
    Ely, MN
    Retail

    Ely, MN Retail Space for Sale

    Notify Me
    List
    Map
    Isabella, MN Babbitt, MN Soudan, MN Tower, MN Embarrass, MN
    6 properties
    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
    View details
    Mixed-Use Property with Apartments
    Updated: Jul 19
    Mixed-Use Property with Apartments

    120 E Sheridan Street, Ely, MN 55731

    $219,000
    3,000+ square foot mixed‑use building with commercial space and two rentable 1‑bedroom apartments
    Commercial area can be separated into two distinct units
    Four large display windows face the business corridor
    Approximately 7,700 vehicles per day on Sheridan Street
    Zoned com
    View details
    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.

    View details
    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.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    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.

    View details
    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.

    View details
    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.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 6 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

    Opportunities in Nearby Cities

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

    Four-Floor Mixed-Use Building
    Four-Floor Mixed-Use Building

    214 N Second Ave, Virginia, MN 55792

    $400,000
    11,014 sqft

    Solid brick construction includes a separate garage and storage 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.

    View details
    Mixed-Use Building with Garage
    Mixed-Use Building with Garage

    507 Main Street, Tower, MN 55790

    $144,000

    Commercial space is paired with upper-level living quarters and an open main-floor layout.

    View details
    Four-Story Mixed-Use Building
    Four-Story Mixed-Use Building

    214 N 2nd Ave, Virginia, MN 55792

    $400,000

    Downtown Virginia property with a separate garage/storage building and four floors of interior 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

    Estimated value:
    $580,000
    1,440 sqft 7.62 AC lot
    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 Space Market Trends and Statistics

    Explore 8 retail space for sale in Ely, MN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 15,456 square feet of properties for sale, with an estimated market value of $1,476,000.

    Sale prices for retail space in Ely, MN start at $209,000, averaging $246,000, and reaching up to $370,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    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 $224.8K

    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)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Retail space for Sale Near Ely, MN

    Popular Searches in Ely, MN

    Popular Categories

    Most Searched ZIP Codes in Ely, MN

    • 55731

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!